Christopher R.
How can I solve a seller's problems if I'm using conventional mortgage?
Hi. From what I've been hearing and reading, direct mailing to motivated sellers work because I'm "solving their problems". This means I can help them by buying cash, closing fast, etc.In YellowLetters.com, a lot of t...
Justin Koopmans
Landlording for Cashflow or Appreciation? (in expensive markets)
Hey BP!Got a couple off-market deals I'm considering in Northern CA but I've got some "newbie" dilemmas going into them and it's this - these deals seem like great deals (like $50k-$100k less than what they are worth)...
Evan Manship
Fannie Mae Homestyle Mortgage
Hey BP,I wanted to take a collective poll as to who has had experience and what the community has heard regarding Fannie Mae's HomeStyle renovation mortgage product -- not to be confused with the HomePath renovation p...
Pete Sloa
HELP!! Bought 2nd mortgage on Judicial sale in Illinois, Cook ct
So I thought I was buying the 1st mortgage here's what happened.2nd Mrg 200K in 2009 - harris bank 1st Mrg 100K in 2007 - harris bank - this is the one that is being foreclosed, but it also has a subordination file.Th...
Donald Capwell
When does it make sense to level a house and build new?
Howdy, all! I searched for an answer to this, but didn't find it... Please just give me a link if there's already a discussion about this that I missed! This question is for anyone that is currently doing this sort ...
Tony Ngo
Tenant wants to add in husband with criminal record - need advice
Current situation, I rented a duplex out to a single mom with kids two months ago. She's on section 8. Section 8 pays 100% of the rent. I received a letter from section 8 saying that she got married so she'll need ...
Account Closed
Regret accepting offer with owner carry in 2nd position
After listing my property (a 4-plex in San Diego) too high in a declining market, receiving no offers after a month even after a 9% price cut, I asked my broker: at what price could he guarantee an offer within a week...
Joaquin Caballero
Lets create the BP LIST OF FLIP FRIENDLY LENDERS!!
In responding to a post on this forum titled "Losing Buyers", I thought of an idea...
Why don't we all contribute to creating a list of "Flip-Friendly" Lenders that don't care abotu title seasoning or only look for a...
Chris Seveney
Do you invest in Land Contracts? Why or Why Not
For those who invest in notes, the number of notes for sale has been limited compared to the number of contracts for deeds (aka land contracts, an agreement for deed, CFD's etc) I see on the market.I know some investo...
Jason C.
Number of inspections when selling
We have accepted an offer on a beautiful, fully remodeled, house built in the early 1980's. We have done all the work on the house ourself with the help of a general contractor who is a friend of ours and made sure it...