Fred Kite
Purchase second mortgage?
There is a house in pre-foreclosure in FL I am interested in buying for rehab and to live in.The first mortgage is around $200k and there is a second mortgage for around $100k.House is in very poor condition and needs...
Al Kirk
Mortgage Note Arrears
For the experienced mortgage note buyer....My question has two parts:1.If I am purchasing a non-performing note do I add the arrears as fees to collect from owner when modifying the original note?Just a scenario:last ...
Dave McEvoy
Pay attorney if deal falls apart?
I'm about to sign a contract for a wholesale deal in NY. Putting $500 EMD. My attorney said if the deal falls through that I'm out my EMD and have to pay him. I wanted an inspection clause to protect me in case I canc...
Kush Gulmatico
Pay single family off or finance a unit?
Hello BP
My wife and I️ need your advice, we have 138k to invest and we found 3 single family that we made offer. One is 60k which is rented out for 800 a month, the other two is 30k each which equals to 60k, 600 and...
Ken Bucho
Real Estate Notes
I am buying a partial on a note and we are finalizing the agreement does anyone know where I can get a contract that is already written for this transaction.
Mason English
Need help with possible first rental property.
Family member is wanting to sell her house next month in Nederland, TX. (Small town) She knows I want to get my first rental property this year, so she is giving me first option to purchase. Built- 1950's...3 bed/1 1/...
Michael Allen
Four Unit Multi-family, Owner Occupied Investment, Loan Interest Rate Question
Hey everyone!I'm not new to purchasing properties, but this will only be the second property I've ever purchased and the first in this new area. My first property was a Single-Family home right before the pandemic in ...
Jim Williams
Buying Discounted Notes
I'm thinking of a scenario, and looking for opinions, for buying discounted mortgages.My thought is to get a note under contract and then negotiate a deed in lieu(unless the seller already has one in place) with prope...
Sterling Satterfield
I have contract, wholesaler has buyer, what to do
I have a property under contract. Originally, I planned to flip it myself for my first flip. However, I did reach out to a random wholesaler that I receive emails from on a regular basis, who is local just to see what...
Kaylyn Geiger
Mid Term Rentals in Madison, WI
Hi all, Curious if anyone has experience with mid-term rentals in the Madison area. Well I'm technically in Fitchburg. I know Madison has pretty tough regulations on short term rentals so thinking this may be the way ...