Nick Merryman
What happens to the seller's equity in a foreclosure auction? Typical fees/costs involved?
So I have a seller I'm talking with a lot of equity in her house, but she's about to be foreclosed upon -- her auction date is scheduled for mid-January, so the timing is getting tight. We're going out to the propert...
Tab Teehee
Great value add or money pit?
This is kind of a follow up to a previous post regarding this property. 20 unit property...twelve 2/1’s and eight 1/1’s. Property is currently owned by my family’s estate and we have it under contract to purchase for ...
Account Closed
First Deal with a Moldy Basement
My partner and I are excited about being close to making our first deal, but we have a few concerns... The property is a 2,400 sq ft home with a partially finished basement that our mentor found and is willing to prov...
Bailey Sessoms
Rental Deposits On An Owner Financed Loan
Hi,
If you are entering an owner financed loan, can you ask the current owner to transfer the current rental deposits over to you, or can you leverage it towards the down payment? I know in some states you are requi...
Josh Matteson
Lender changed rates because they weren't going to make enough
I'm currently locked into a rate in a new home mortgage. Today I was notified that they are no longer going to honor the rate because they are no longer going to honor the program that I was enrolled in. My rate jumpe...
Arnuv H.
Are condos in Oakland exempt from Rent Control?
Hi All,I am a newbie here and is interested in investing in Oakland. I am seeking help with the following questions regarding a property i am considering to put an offer:1. Are condominiums in Oakland exempt from Rent...
Luis Espinoza
Showings for Prospective Tenants from Out of State
Hello! We are closing on our first out-of-state investment. How do you handle showings for prospective tenants from out-of-state? We would prefer not to use a property manager, and our realtor is charging one month's ...
Mark Forest
Tenant wants to pay full year?
I have had this come up before. I just received a call from a prospective tenant wanting to see one of my SFH who said she would pay the entire year in advance. I hate to sound cynical, but now I am wondering what k...
Uchenna Okoye
Renting rest of the house while living in it.
Hi all, I'm new to Bigger Pockets. I just recently purchased a new house in Sacramento (Natomas area) with 4 bedrooms and 3.5 bath 2300 square feet. I am currently unmarried and I don't feel comfortable living in a hu...
Jim Shepard
My tenant just filed for Chapter 13, now what?
So I was getting ready to leave on vacation for two weeks (Alaska) when I get a letter from the Chapter 13 Bankruptcy Trustee. One of my tenants that has been a renter for more than 2 years recently filed.
I tried ...