Jim Burns
How to determine ownership of forclosed house?
I have a rental property here in Buffalo and the house across the street was recently sealed up and locked by a third party with a sign on the door saying it was ordered to protect the interests of the lender.
I'm v...
Travis Buck
Rollover from 529 to a roth ira
I have 2 young kids and therefore have two 529 accounts. Each has a fair amount of money in them. After doing some research on the flexibility of a 529 as compared to a roth, I have decided to open each kid a roth ir...
Leonard B.
Cash Out Refis - No Stay, No $PAY...?
Hey, Team BP.Asking for a friend:
I have a friend who has a 30 year mortgage SFH she paid $150K for back in 2000; now owes $70K mortgage balance; home value $200K; wants to take $20K out to get into REI like me. She...
Robert Collins
What are some Strategies for when you run out of money ?
So what are some good strategies that can be use when someone is working on a project & they run out of money to finish? Like let’s say you purchased the property for fifty thousand cashBut you need another fifty ...
Devin Mann
how expensive is hard money?
say they are offering 4 points with 12% interest on a hard money loan and they are offering 70% of arv.this SFR is worth 300k ARV. Im purchasing it for 170k. Now how do the costs lay out? i pay those 4 points...
Andrew Meegan
Typical success rate
I have a borrower that wants to get rid of an investment property. His servicer, America's Servicing Company is already out front of the adjusting rate he will be facing and automatically locked him in for 5 more yea...
Todd Ryan
Purchasing a second mortgage in foreclosure
I’m researching properties and found a nice duplex that is going into foreclosure. After a few phone calls I found out that the foreclosure is for a private money 2nd position lien. Is there any advantage to buying ...
Christopher Hydrick
Parents supplying property for daughter and her spouse
Hello all:
I have a question that is giving me quite a bit of difficulty. I figured that this would be a good last stop before paying for a real estate attorney consultation.
My wife's parents are buyin...
Raj Kumar
Rent or Sell
I bought a 2008 built SFH, 1,800 Sqft in Richmond, VA -23234 for 112,000$ in an auction.
PP - 112,00$
Back Taxes -3000$
Repairs - 10,000$
Total Cost - 125,000$
According to the realtor, it will sell for 149,0...
Margie Pierce
Quotes from the Great Recession
I unfortunately didn’t have any money to invest with during and immediately after the great recession. Therefore I don’t really have any first-hand experience. However I hear people saying things like “ the banks did...