Frank Beans
Advice needed re: Ocwen
As I understand, the recent CFPB settlement that punishes Ocwen for reprehensible actions related to foreclosures ALSO mandates Ocwen spend 2Billion on principle reductions for underwater homeowners.I believe Ocwen wa...
Matthew Williams
BRRRR rehab during prior tenant lease
Hello everyone,I was wondering if anyone had advice on how to renovate a property when there is a prior tenant who still has a lease. My strategy is to use hard money to buy and renovate then refinance to get the down...
Byron Broughten
Legal use of a duplex (triplex)?
There's a property zoned as a duplex in a two-family zone, but it's a triplex. It has three kitchens, three living spaces separated from one another—three gas meters, even. But the city confirmed that it's not legally...
Ellie Narie
Should we still try to pursue FHA loan "house hacks"? Or wait?
So we finally qualify for a mortgage this year after 2 years of self-employment... we wanted to buy our first property, a 2-4 unit place with FHA this year... but with the whole coronavirus thing, supposedly the marke...
Mike Imbriglio
Any Luck with Craigslist as a Source Of Free Marketing?
Hi guys,I hope everyone is doing well, and my apologies if this has been asked before which it probably has. Is anyone out there using Craigslist Marketplace to find motivated sellers? If so, are you posting ads or ju...
Ginnie DeCambre
Wholesale Questions??
Hey Bigger Pockets, My husband and I are beginner wholesalers reaching out to real estate agents to get properties that aren't yet on the MLS. The biggest question we keep getting is "Why do I need a wholesaler as a m...
Jerraill Murphy
“Hold Over Amount” ?
So Im a new landlord and I’m generating a brand new lease agreement but have no idea what “Hold Over Amount” means in the contract? Could someone please explain. Thanks!
Mykael Williamson
How does a bank call a note? What is the WORST case scenario?
I suppose I could have just as a easily titled this: How did people go bankrupt in 2008?Here is my question, I am new to real estate investing and I understand from the BP community that leverage is the key to expedit...
Mary Jay
buying with tenants-rent collection transition?
Hi guys,sorry if its a stupid question...Ive never bought anything with a tenant in it before, so not sure how to make a transition for the rent collection?I am supposed to close on a property in the end of this month...
Larry Long
FHA Fair Market Rent
Trying to buy a 3-unit building using FHA loan. I qualify for the property using just my income, no rental income. The underwriter is still requiring that we have a fair market rent evaluation done and the rent number...