So I am 64 and getting ready to retire at 66 or 67. We are really interested in Florida. A condo or townhome.
But here's the issue. Our current home is underwater. Sure I made a mistake of buying at the pe...
I was recently approached by a motivated seller that's is currently upside on his mortgage. It's a condo that currently is worth 70k, and he owes 90k.
Between condo fees and the existing mortgage, operating expenses...
Hello BP,
I have been presented with an investment opportunity with a contingency.
Backgroud:
The seller is a family friend living in New York who happen to purchase a investment property In Atlan...
What's up guys, got a question for those who are far smarter and wiser than I am. I have a lead that is technically upside down, but cash flow wise is in good shape - Here's the quick breakdown and my idea of how to ...
Hi, I am a new investor. My partner Greg and I moved to Chattanooga, TN, wanting to flip houses short term to build some capital, then move to buy and hold, and eventually to apartment complexes. We started very ide...
Doing some risk analysis.Let’s say I buy a property now and market value drops soon by 20% is it better to have less downpayment such as 20%. Or if it is better to have / had 40% (either higher down or big lump sum t...
Hey guys,
Quick question. What is the typical scenario if you own a 2nd NPN on a rental property that is very underwater, and the borrower files chapter 13 BK? Best exit strategy?
Thanks.
Hello BP! Several years ago, a 22 year old me (and my wife) with a baby on the way decided to purchase our first property (with little to no money OR real estate experience). We purchased this home mid 2006. Fast f...
My mail campaign is working well in the sense that im getting alot of calls. Alot of them are houses that are underwater. Ive researched it a little are here, but what are some other peoples strategies for these scena...
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 ...