We have a short sale we are working & we are getting close to an acceptance. Now BofA is telling us we have to upload the file on reotrans.com. Anyone had to do this? My concern is that it will go on reotrans &...
I just had an apartment transaction fall through yesterday due to changes in lenders requirements for buyer. The lender reduce the loan amount by $1 million and required a reserve account set up for 12 months P ITI, $...
I have combed a few forums but have not found a variant for my questions that I am needing help with. I own two duplexes that were purchased in 2019; one in my personal name and one in the business. Both were in ser...
I have my first rehabb under contract for $62,000 it's a 3br/2ba 1531 living area. I have a local bank that will finance 90% of the deal. There are housing in the area selling for $90 per square foot. My banker had th...
I've seen some discussions on BP regarding the topic of QuitClaim Deeds (QCD), but I'd like to get more personal opinions and legal opinions from the experts here.
Background: I started a new LLC, within whic...
The National Association of Realtors (NAR) is trying to explain why their 4 year average for resale homes is off by close to a million homes. This is another indication that there needs to be outside checks and balanc...
Hello everybody!
This may be a silly question, but I have been thinking a lot about financing as this is a problem for me (and potentially many of you). I have no cash, not a very good debt to income ratio (studen...
I have a traditional IRA with SDIRA Services, and I want to rollover all of those funds into my Solo 401(k). The IRA company is giving me a hard time about it because they are expecting a 401(k) company to send them ...
Hey Everyone!
I'll keep this short.
I live in Los Angeles County
I'm 26 years old.
My dad and I are partners in RE.
My question is about 2-3 years ago he sold his only apartment complex witch was a 4-Plex in...
Hello, I'm trying to purchase my parents townhome and am wondering if anyone could share some ideas on how to go about it. I am trying to spend the least amount out of pocket.
One idea I had in mind was getting bot...