Nathan Frost
1031 Exchange / Advice Tips
Hi, I have two properties that I am looking to sell but once to use the profits wisely. My plan is to buy 1 STR and 1 LTR. How can I go about doing this either with a 1031 or what is the best method to attack this? ...
Stephen E.
Screening Time
I love BP posts on screening, they help you test your screening skills and it is always interesting what people see and do not see. I am leasing and have an application, so here goes.The applicants are two couples, a ...
Sean Stewart
Determining bank fees/atty costs BEFORE Foreclosure Auction
Looking for intel on how to find out EXACTLY what the bank's credit bid will be at foreclosure auction.
I see the judgement amount listed in the case filing. After attending several auctions I know the actual amount...
David Alyea
How to proceed with pre-foreclosure
Hi all,
This is my first attempt at buying a pre-foreclosure house. The first step went amazing well, but now I'm not sure how to proceed. I thnk it's a deal, but please help me to decide.
I saw the notice of defa...
Matt Holmer
Silly question: Who to contact to see REO property?
Good Evening-Please pardon my ignorance on this subject.Today on Zillow I found a listing for a duplex in my local area. It is listed as for sale by owner. I searched realtor.com and every other site I can think of,...
Michelle Artmeier
Not sure what to do - looking for RE advice
We own a LTR that is valued at about $215K, and we owe around $65K on it at around 4.5% interest rate. The taxes, however, have went up so much that we have to raise our rents to a crazy amount (~$1300) to break even....
Jennifer Olson
Inheriting home with no mortgage: Options to get started in REI?
Hi all,I used to have a rental property, but sold it about 8 years ago and am now looking to get back into rentals as investments. I'm inheriting my mother's rambler home in Minnesota (valued at about $250,000) along...
Bienes Raices
"Foreclosures slow as document flaws emerge"
http://www.nytimes.com/2010/10/01/business/01mortgage.html?hp
I don't know if they're really slowing, or if the media is trying blow this up into something bigger than it is.
Mike Dymski
monetized installment sale
I am considering a monetized installment sale and would be grateful to connect with anyone who has done one before. This is a difficult transaction to get comfortable with and not a widely known strategy.For those no...
Nzinga Hart
Business Plan
Hi! To those who have purchased their early properties. Did you start with a written business plan or dive right into purchasing a property?
I am the cautious person in my relationship, and that I want to w...