I currently have an apartment where the rent from the tenant is lower than the mortgage. I will soon have $22K to invest in real estate, but I would like to accumulate more capital to invest in a duplex or triplex. I ...
Does anyone happen to know the percentages on traditional vs 'creative' real estate sales and traditional ( bank ) vs creative ( options, lease options, seller financing ) real estate financing? I'm curious ab...
Currently i have a offer accepted on a foreclosed property but the bank is saying there is a Lis Pendens on the property. Ive never heard of a Lis Pendens before but i know that the title will not be cleared if its st...
` Fannie/Freddie are either already parking their trash with
Ben or will be soon enough - they HAVE to take on more mortgages and they sure don't handle foreclosures well. I doubt they'll handle ...
Hi,I'm new to the RE investment arena. And to start out, since I've never owned a home before, I figured I might as well start out as a RE investor by buying a multi family unit that I would live in (FHA + 203k). I ...
Hey guys,Here are the details on my latest duplex. Previous owner spent $60k last year on windows, siding, roof, and HVAC. Very clean house. Each unit is 2 bed, 1 bath. Retail value is $170k in my market. Purchase Pri...
So, today i received a letter from my current mortgage holder stating that I qualify/meet the criteria for a refi option that would give me 31+k cash in hand with a new interest rate of 2.5% (2.75% APR).
Currently...
Hello BP,
So I need your help on this one. I received a call from a super motivated seller but I'm not sure how to help them. Here's their situation
Behind 12k on Mortgage payments, still no foreclosure...
I've been thinking about buying properties from people who have a second mortgage and third mortgage on 2-4 unit buildings. My problem is, I just can't decide whether I should make the time investment to focus on the ...
I'm marketing to them and as I'm working on them and envisioning various scenarios I often find myself confused. So please grade my assumptions here.If I take over someone's payments, would I want to put it in a trust...