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My first duplex deal
The previous owner purchased this duplex in 2005 for $25,000 then sold it and carried the note. The person he sold it to defaulted on the loan in 2007 and it took him 15 months and lots of legal ...
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When you know the person won't qualify based on what they told you (credit) and you explain the application/prescreening process explaining this will be an issue, but they want to go ahead and submit an application an...
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Hello all,
I had put an offer on an REO 10 days ago and I just got a call from the listing agent that my offer has been accepted. I looked over the purchase agreement and it states that the deed will be transferred v...
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Hi everyone,
I would truly appreciate it if someone could analyze my numbers to see if this property is a winner. I’m considering making my first offer; this is my first Single Family property analysis. My RE str...
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when will i be ready to pull the trigger???, thats a tough question i ask myself every day. i am a 31 yr old husband and father of two who gets up and goes to a job every day to make other people wealthy. i am truly d...
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I've been waiting on a short sale as a buyer for the last 5.5 months.
The home has two mortgages.
The first bank approved my offer, and is offering the second bank, Chase, $5K to buy them out. The second bank h...
I jumped in as the third offer on a short sell house sitting empty for over 4 months. No expectations as I knew there was a 2nd lien but a month later I get a counter offer from the first that I accepted. At least I...
I good friend and I have discussed flipping houses before but never created an LLC or invested. He has attended some auctions and saw some interesting properties. We have finally come to a point where we are ready to...
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With all what is going on in the online business and e-commerce. There is a huge move in the product business to online sales. That will create a huge loss of business for retailers and offices spaces are getting empt...
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So I've been dealing with a bad tenant situation since February of this year. Filed an L1 to evict for non-payment of rent and also filed an L3 because the tenant finally agreed to vacate but then changed their mind ...