Bryan Miller
Borrower about to loose house - Creative Financing Ideas Needed
So I received a call for help on this scenario. Trying to figure out how it could work. Borrower faces foreclosure sale next week. He needs $19,000 to bring his first position loan current. He is living in the ho...
Ayodeji Kuponiyi
Rejecting Prospect Tenant (Non Refundable Application Fee)
Should my rejection letter read something like this:We're sorry to let you know that the property at [address] is no longer available. At this time we've rented this property to other applicants. Thank you.Do I need t...
Mike Barry
When to use a portfolio lender?
Hello everyone,Newbie investor here with 2 rental properties under my belt. Now that i've been bitten by the bug I'm ready to keep going. I want to do the best planning ahead that I can. From all that I have read here...
Greg Wright
Using a self directed IRA for rehab.
Has any rehabber used a self directed IRA for rehabbing houses? How do you handle the profit. Does it have to go back into the IRA which would seem to defeat the purpose as you couldn't make any money to live off. If ...
Aaron McGinnis
Flip blog - The heart attack house
With apologies to J Scott - typically, my team and I refer to our houses by the street number. In this case, we have two houses side-by-side, and referring to them by the street number is confusing everyone... so we'r...
Mary Jay
How are you preparing for your retirement?
Hi guys, How are you planning to finance your retirement?What income in retirement do you need?I used to think that if I have about 10 houses, each pays about 2k in rent or so, all houses paid off, lets say after all ...
Steve C.
Living off of rental properties for most of retirement income?
In my field (counseling), I've been working for almost 20 years. While the salaries have been low, up until this year when things really spiked, the retirement plans and money able to be set aside was just embarrassi...
Burt L.
Is It Dangerous For a Wholesaler to Have a Realtor's License if Working Directly With Sellers?
I've seen a few different views on this and it remains unclear for me, so I offer my apologies in advance if its repetitive.
The brokerage I spoke with about wholesaling said its alright as a realtor if doing REO's ...
Walter Key
We're in a "Bizarre Market"...Thoughts on a Recent Article
National Association of Realtors Chief Economist Lawrence Yun recently wrote an article stating that we're in a "Bizarre Market" in which he stated "With a strong economy and the lowest unemployment rate since 2000, m...
Tab Teehee
Who's about to quit and do REI full time?
I'd love to hear from those who are on the cusp of leaving their 9-5's, their cubicles, their corporate golden handcuffs, for a new life as a passive or not so passive real estate investor.Will it be this year? Are yo...