Property appraisal value: 265K

Borrower's down payment: 79K

You 1st trust deed: 132K

Seller: 2nd trust deed: 70K

Two year balloon

In addition to the high combined loan to value, what e...

When qualifying a property, why does it matter how much it is under water if the bank will still only be able to get the highest bid at auction? Isn't the bank just as likely to accept a short sale vs going through a ...

Recently I attended an event (only two of us showed up) in my local area. The format was pretty typical with the presenter showing success stories of people who worked their program. At the end he broke down the cost ...

Economic Update
(Monday, June 15, 2020)
It’s official: The longest expansion in U.S. history ended in February as the economy fell into a deep recession, according to the National Bureau of Economic Research (“NBER”...

This would be my first deal and I think this is the correct place to post, if not can the mods please move?

I need to know if this should be approached as a short sale or approach in another direction. Here is the si...

Hello everyone,
I have been actively researching the real estate market in the Bay Area, which I feel isn't talked about much in this sub. I know that due to its extremely high barrier of entry and overall VHCOL (Ver...

For you "private lenders" what mistakes have you made? I'm wondering if private lenders are 1. willing to disclose mistakes and 2. what they did to correct it, if they did at all.

I just read about private lending, t...

Fannie Mae and Freddie Mac are searching for methods to open homeownership to low income borrowers. (This is not for investors) There is a trend to use attorney opinion letters rather than title insurance. The title i...

Dear BP Family,  I'll soon be the owner of a piece of real estate, and want to enjoy the asset protection afforded by an LLC.  Has anyone on BP been successful in transferring ownership of mortgaged real estate from t...

If I plan to use funds in my Solo 401K to invest in a turnkey rental property (meaning a property that is rehabbed by a 3rd party, purchased by my 401K, and managed by a 3rd party) is that considered a "passive" in...