Alex Locklear
2nd mortgage in a short sale
I'm getting ready to start a short sale package. The owner has a first mortgage of 344K (including back payments, lawyer fees, etc) and a second HELOC of 135K. House was appraised in September of last year for 620K. H...
Bryan Hancock
Is There Value In Having So Many Intermediaries Between Borrowers and The Secondary Market For Mortgages?
Fannie and Freddie are obviously doing a terrible job of assessing risk for borrowers with their mounds of prescribed paperwork. Apparently the Danes allow borrowers to access loans via the secondary market directly w...
Joe Finnegan
BPO
How do you go about finding out when the BPO will be done on a property you've made an offer on? From what I've read here, it sounds like most folks show up at the property for the BPO in order to make the case for t...
Christopher D.
San Diego Property Tax Records
Hi fellow San Diego investors! I'm having trouble finding property owner info on the San Diego County website - can anyone point me in the right direction? A little background: I bought my first two deals through a r...
Kurt K.
M2M or Y2Y lease, pros / cons
Hi BPers,Wanting to start a discussion of the the pros / cons of using of M2M vs. Y2Y lease? If you have a good screening process in place, a Y2Y lease should work, but I hear some PM / property owners are using a M2M...
Shawna Hilton
Past Tenants Claiming Harassment
Just wanting to see if we have any kind of liability here if tenants wanted to try to sue us? I'll try to make this short, it's a little bit of a complicated story. We had tenants move in August 2019. We accepted them...
Edwin Rajkumar
Taxable Value of home doubles after purchase. How to appeal?
I bought my first property last year and I received a Notice of Assessment and Taxable Valuation letter about a month ago letting me know that the taxable value of my property is literally about to more than double th...
Sebastian Giraldo
Short Term Rentals are the answer to post-pandemic travel
Industry experts foresee domestic travelers will lift Short Term Rental occupancy throughout summer and fall.
VRBO’s most recent research shows that 2 out of 3 travelers prefer a vacation rental for 2020, and this re...
Scott Passman
Now is NOT the Time to Accelerate Debt Repayment
There are few times in our history where there’s been more uncertainty about what things will look like in the short-medium term future. There have been a lot of posts on BP espousing opinions and predictions about w...
Matthew Orton
Michigan SEV Calculations
I have an opportunity to buy a student housing property that was sold a few years ago for $8M, at a reduced price of ~$5M due to Covid and a few other issues. The property has an SEV close to 50% of the original $8M p...