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Newbie question. I read a lot of people complaining that short sales take too long. Would attempting to short sale on properties that are about to foreclosure motivate lenders to move faster? I read that lenders rathe...
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Questions
Owner occupancy is still off till 2025 for a ADU on a SFR, does that mean after 2025 I (owner) will be forced to live in one of the units on a R1 lot? or does it mean any ADU built before 2025 will be not r...
Hello,I have a question regarding deed in lieu of foreclosure vs. foreclosure itself. My borrower is in default and offered to "sign the title over" to me. If I have a title search done and it comes back with no juni...
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I went to my first Courthouse Sheriff sale today. Interesting to say the least. Not much action. 3/4 of the properties either received a stay or were postponed to a later date. Maybe some of BP's pros could answer a f...
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I really need help making the best tax situation here.I bought a note (owner in my name) from a bank at a discount. For ease of analysis, lets say I paid $10,000 on a note with a balance due of $100,000.I then bought...
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Hello BP, Please excuse my ignorance, but I have a potential deal. The homeowner has been not paid the mortgage in 2 years and the property is in great condition, it is in a prime location and would be a steal for som...
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Hey BP, does anyone have any experience with financing ADU's? I am thinking of financing a garage conversion ADU on my primary residence. I have been researching different loan programs and Renofi stood out to me sinc...
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Hi all,I am new in this area. I bought my first house this month without enough knowledge. It seems like I put myself in one of most complicated cases now... I bought this condo on auction in front of county court hou...
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In New Jersey, if you are a first-time investor, which counties have the greatest job growth? I figure, if you invest where the jobs are it will be a good place to start looking for a multi-unit property.
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Hi -- help!
I am the holder of a third trust which is going to foreclosure auction this week (initiated by the holder of the first). Here are the factors:
(1) house probably not worth much more than the first note a...