Are both a Promissory Note as well as a Deed of Trust needed for a small private loan (~10% of single-family house cost)? I've gotten two "yes" and two "no" responses regarding the need for a Deed of Trust. All four...
Hi y'all! I got a question from a friend that I need some help answering. They asked me: For young adults thinking about investing in a property with an FHA loan, where do they need to be financially to pay off those ...
Completely by accident, I started a fairly interesting conversation about moral hazard, principal balance reduction, and mortgage payment incentives on Facebook.
Is there any easy way to "upload" the discussion on to...
As backstory, I am looking into a property in Texas. The property is being offered as a "resale" and has been on the books as such since 2011. Before the county foreclosed on the property the previous owner took out s...
Is there any way to get the contract amount if the appraisal comes back to low. Appraiser is mostly going by the fact that I got a great deal when I purchased and claims he cannot justify my sale price even when there...
Hello,
After a cash purchase of a property, how soon can I cash out refinance the equity? This home would be my primary residence by the way. The property is located in Maryland, in case there are any laws pertaining...
Hi BiggerPockets heros. A friend found a 22 apartment complex in Idaho where the owner is ready to retire. It is not on the market, and has signed an exclusive with my friend and given him 60 days to figure out finan...
I am starting to wonder about this - if I were to pick up a $125k piece of property, say, this month, is there anyway to go $0 out of pocket? Or is there always going to be something that costs me? Such as $5k for i...
Hi BP Nation
Right now I'm structuring my presentation to negotiate with private lenders some of them friends and overseas costumers.
How the process work?
How do I guarantee secure funds during t...
So the other day at the foreclosure auction, the bidding was going hot and heavy on a property until it ran up so high that all of the experienced bidders stopped bidding. It was down to just two bidders now, going b...