Jeff Caravalho
Would you fund this note?
Hi BP, I'm being offered this note secured by a deed of trust for the following:Duplex:Side 1: 4x2Side 2: 2x1Sqft: 1,578Total beds 6, total baths 3Total Monthly rental income: $2,100Deal Details $290,000 Fair Market V...
Account Closed
My Tenants Want the Basement Finished
Hello! I have a four bedroom three full bathrooms property that is currently occupied. I charge these tenants $2000 per month for rent. I verified the fair market value with Basic Allowance for Housing at $2169.00. ...
Patrick Philip
Does it make sense to stay with wholesaling permanently?
Many people want to use wholesaling as a stepping stone onto "larger" things like rehabs and SFH rentals or commercial rentals.I have heard that an average rehab profits $18,000 and takes 4 months. That is $4,500/mont...
Phillip Joo
College Respect?
HI BP, I was at a Financial College meeting with a man I've met twice. Everything was about college, until he asked, "Do you want to go to college?" I answered, saying that I knew it was a terrible investment that Im ...
Matt A
Deficiency judgement after a short sale
Hello CTC,
I have a concern. I recently had a short sale approved in California through B of A and the buyer wants to close asap. I got a letter from B of A stating "BAC Home Loans Servicing, LP...
Joshua Dorkin
US Credit Downgraded from AAA to AA+
According to Reuters, S&P has downgraded the US Credit Rating from AAA to AA+ and may likely downgrade again in the next year plus.
Thoughts? Insight?
I realize this may get political, but think this is an impo...
Keith Saunders
Major Banks Forging Ownership Documents
Just saw a story on 60 minutes about several very large banks manufacturing ownership documents. All related to mortgage forclosures in the past several years. It appears they can not come up with the real title of ow...
Will Barnard
The Best Retirement Plan
IRA/401k plans as they relate to self direction/self administered has been a hot topic lately and as such, I would like to attempt to get a consensus on experienced investors' perspectives to the following question:
...
Stephen N.
Need help quick. Tenant wants to break lease.
Ok, so here is the deal. I recently purchased a nice middle class home from an out of state owner who was renting it out to a tenant whose lease runs out at the end of July.
I bought the house sub...
Phil M.
REO/Preforeclosure investment questions for a novice
I would really like to start out investing in foreclosures or pre-forclosures, and would like some advice. I think this is a really good topic.
Have you found more success on finding REO for a great price or pre-fo...