I'm interested in doing a contract on a house that's in short sale ...banks are asking $66,000 maybe needs $30,000 in repairs to bring ARV to $200,000, home is thru a realtor , would it be better to flip to another ...

Hi Everyone,   I wanted to throw out a situation I'm dealing with now and get some input on how I should proceed. I recently went to see a property in my neighborhood that I am sure is a great deal. ARV = 333k and the...

I'm going to look at a short sale tomorrow. The seller has just filed an "Affidavit as to Military Status" with the court as part of the foreclosure proceedings. Is this a red flag?

Hi.  I know a person who is preparing to do a short sale on their home.  I heard bells going off in my head.  I asked her to tell me what the bank needs before she puts the house on the market.  I've got buyers ready ...

I really need some education here. My mother-in-law died in June with a reverse mortgage on her property that is nearly twice the property's value. The mortgage servicer (not the current owner of the mortgage) has giv...

Hello everyone, I have a tricky situation - looking for feedback advice on how to make this deal work.There is an off-market seller in pre-foreclosure. The home is probably worth $580K all fixed up, and there is $600K...

Hello BP Community!Since this is my first short sale, I thought I'd poll all of you for some help.Here's what we have going on: the cash I have available to me is less than the amount listed, but I believe I can move ...

Hi, We have 3 good friends who want to sell their primary house to us off market since they are retiring, want to relocate to FL and do not wish to bother with rental properties. We are thrilled (especially in this ho...

Investment Info:

Condo buy & hold investment.

Purchase price: $150,000

Cash invested: $160,000

Using this as short term rental for traveling healthcare professionals.

What made you inte...

Can I use a commercial business loan as a down payment on an investment property as a short term rental. My lender mentioned that any government backed conventional loan must be with your own personal funds unless gif...