Hi all, has anyone else here loaned money to Matt Motil in Cleveland? We have a note coming due on May 1, but haven’t received April payment and have not heard from him in a probably 2 months. Just seeing if anyone ha...

I want to start a discussion re the due on sale clauseWe are seeing more issues re lenders calling notes due.  Some because of mistakes with insurance.  But, some due to lenders looking.One lender/servicer is HomeLoan...

I started renting the home my family and I presently live in 5 years ago.Never being late on a payment I started getting forms delivered to my house that stated an auction was to be held for the property.I notified th...

Ok so here is the summary. A class C apartment was bought by my friend not too long ago. I invested 20% as a silent partner and there are two other partners. The loan balance when the complex was bought was $2 million...

All,

I have a deal under contract with a private seller and am scheduled to close in 2 weeks.
Contact price is 80k
After repair value is 175k

I have earnest money in escrow and have a title commitment from my title ...

Hello Bigger Pockets members,I recently found out my mom hasn't paid the mortgage since 2009.  She said she was having problems, but never just how deep.  The house was bought in the early 90s for 175,000 and she owes...

when you have a Sandwich Lease Option.
Your T/B is ready to excercise his option.
How does this close if you don't have the funds to purchase your side (A-B)?

Thanks
Rich

So my tenants trashed one of my rentals and moved out. Carpets were soaked in pet urine and engine oil. Countertops were damaged. Fist sized holes in every room. Doors ripped out of the wall and left the house full of...

If you purchase an existing LLC that holds real property do you avoid transfer tax?

Do you keep the existing basis?

If anyone has done this an can elaborate on The pros / cons I would appreciate it. I'm going to co...

I am doing a deal where I am lending 90K to a group. I am looking to attach a 30K mortgage to three investment properties they have with sufficient equity.Any idea on how much this would cost?They offered personal gua...