I'd be interested in hearing from members who have purchased or sold properties subject-to existing mortgages.  What's the longest time you've kept the existing lien in place?  What agreements did you make as buyer or...

So I called a mortgage broker as I found a house I'd like to purchase and renovate with a 203k loan. The mortgage broker said that you can't get a pre-approval for an FHA 203k loan and doesn't know anyone that would d...

Hi BP,
In the last few months I have made some huge strides into my business and can't wait to get my first deal. I've finally came up with a strategy which is BRRRR, I've obtained the following tools for success: Br...

Hi all,Just getting started here.  I recently finished reading Set For Life by @Scott Trench and wanted to get some feedback on some good approaches to take, from that perspective, for someone starting later in life w...

Hello -
I am a disciple of Ramsey's Baby Steps and for those of you that follow him, I am on Baby Step 6 (Pay down my home mortgage) + Pay off my second home which has become an investment property since we left Mai...

Hi fellow BP-ers,I’ve been lurking on BP for a while, trying to learn as much as I can in the process, and I’m planning on making a purchase in the next 3-6 months. My goal is to find a 2-3 family in the metro Boston ...

The other day I had a call from a local wholesaler who was interested in buying my property. After a tour and some negotiating, he offered 140K, which would payoff all my debt-load with a little left over. I'd be brea...

My business partner and I have been wanting to get into the hotel investment side of the business for the last year or so. We have a hotel construction business where we generally handle 2-3 projects a year that r...

Hello everyone,My name is Ray -- I currently am located in Kent, WA just outside of Seattle working in the tech and aerospace field. I'm originally from Everett, WA and enjoy learning and trying new things like real e...

Explaining the Loan Process - Mortgage UnderwritingPlease note: Slight discrepancies in this process may occur as lenders may designate responsibilities differently among loan processors and underwriters.Your mortgage...