Jazzie Brown
FHA 203k Loan
I am looking at a property that is 4,000.00 and is in need of extensive work. I was looking at different loan packages I could use to purchase and renovate the home. One loan that stood out to me is the FHA 203k loan....
Patrick Diamond
1031 Exchange with a subject to?
I am hoping someone can shed some light on this:
Let's say that an investor wants to do a 1031 exchange on a property, and there is an existing mortgage on the property... Rather than doing a seller carry, can the b...
Simon Stahl
Subject to, will bank enforce due on sale clause?
I wanted to look into the possibility of purchasing properties subject to existing mortgage. From all I read in the web and here on BP, banks are usually not enforcing the due on sale clause as long as the payments ar...
Account Closed
Positive Escrows
Positive Escrows / Contract CandyYou may be surprised to find an extra $2,000 or so that you didn’t know you had. When taxes and insurance are included in a mortgage payment, those amounts are set aside in escrow for ...
Brandon Davis
Purchased House/flip, where to get money for rehab?
Hey Family,I found the worst house in the best neighborhood Here are the specs: Price Listed: $149,000Price Offered: $139,000Price accepted: $140k plus closing costs.My ARV is based on J Scott's formula.After Rehab Va...
Trentan Moore
Seller financing- when can equity be used
I have a question regarding seller financing. Say for instance the seller (owner) has no existing mortgage. When can the buyer use the equity of the property to purchase additional properties using a traditional lende...
Jade Bridges
Fix and Flip in Sandy Springs
Investment Info:Town home fix & flip investment in Sandy Springs. Sale price: $190,000We bought this property at a HOA foreclosure sale back in April for $25,000. Barely had to put any money into it and closed ...
Joseph Rutigliano
heloc's on a rental property
Hi Allhas anyone been able to get a heloc on a rental propertyI can easily get one on my primary residence but am having trouble finding someone to do one on my rental propertyNOT looking for a lender just want to kno...
Jason Hirko
Which is a better way to structure this subject-to deal?
I have the opportunity to buy a house a few doors down from a current rental of mine that is performing very well. Here is the background on the property: it was under contract for $92,500 before Hurricane Harvey, but...
Patrick Reily
Thoughts on purchasing one side of a duplex
Fiancé is living on one side of a townhouse/duplex in Lake Charles LA and the current owner is looking to sell it. He is asking around $160k for the one unit and my fiancé rents it out for $1300/month. We probably wil...