Sebastian Furze
Mortgage & liens
If a homeowner owes on their mortgage does that get deducted from the price that is locked up under contract? i.e. if we agreed on 100k but they owe 50k on the mortgage, would they only get a check for 50k? I'm assumi...
Bret Kingcade
Earnest Money/Title Company Questions - first time buyer
I finally put my first property under contract last night. I unexpectedly ended up finding something off the MLS so I won't have an agent to hold my hand like I originally planned. I understand how everything works WI...
Michael Morton
What kind of Real Estate Strategy is this???
I have lived in my house for 6 yrs now in Broward County. The house next door to me has been vacant (and trashed inside) for those whole 6 years. Now, the combined taxes and insurance on the empty house is conservati...
Andrew Simms
Donating a stay to a charity auction
As many of you know, we recently launched our cabin in WNC for STR. We have been asked by a neighbor if we would consider donating a stay to a charity called WellRoot. It helps provide support services/housing for chi...
Tracy Cummins
Purchase with Seller Rent-back? Tips to make it work?
Hey BP community - There's a property I'm very interested in which the Seller is looking to do a rent-back situation up to 6 months following closing. Once vacant, the house will need at minimum, duct replacement, re...
Jace Buxton
Cash out refinance for down payment on owner-occupied multifamily
Hey BP community,So my wife and I purchased a townhome back in 2015. It was an FHA loan at 3.5%, and we currently owe around 97,000. The Zillow estimate is about 178,000, so we have a decent amount of equity. We are m...
Shannon K.
Structuring a Cash for Keys to help a distressed homeowner
I'm trying to structure a deal to assist a distressed owner I know. Here's the details, please advise if either option could work. Market Value of the property is about $230,000-235,000 Taxes and insurance are escrowe...
Ted Rosenquist
Should I sell my SFH rental
Purchases 12/2020 for 62kBalance 48kRent @ 1050 with new lease signed and starting 7/1Approx value 115-125kRoof will need replaced in next 2 years.I feel like this is a sell.However, the amount I will have after the s...
Kevin Freeman
Well Agreement Question
BP Friends,I purchased a home from a former landlord back in 2014 in Suffolk, VA. She lived in the property next to mine. Both properties were owned by her parents. The home I purchased has the well that feeds both...
Yakir Aloni
Floodd zone .........
If I buy house for investment i run the numbers and everything look good but and its a big but... the house on flood zone from 1-10 he at 9 now let me make it clear its not a lake or something close to it city close t...