Kyle Castaneda
HELOC’s on investment property during COVID
Hello All -I currently own an investment property and have 70% debt-to-equity in the house. Given this, I was planning on opening a HELOC on it in order to use the funds for a down payment to purchase another investme...
Shaun Reilly
Cash offers Vs. Waiving the Financing Contingency
Do people feel that there is a difference between "Cash offers" and waiving the Financing Contingency?
I often see people talk to people like they are the Spawn of Satan if they say they are making a "cash of...
Zoltan Harta
Hard Money Basics for an REO
Hi BP,New to the investment world, and very new to Hard Money Lending. From my basic understanding of this type of financing, it seems to be an avenue for me the near future to get up and running but there are some q...
Account Closed
Anyone had luck getting a bank to accept a LOW offer in first 10 days
I am looking at a foreclosure property that I feel is priced at market value, as if it were already fixed up. The house needs a LOT of work and is nasty... so nasty that probably only an investor will buy. I felt l...
Roy Rowlett
Presenting a lower offer for a "bank approved price" Short Sale.
I am looking at a short sale that the bank has approved a price on of $180,000, which is the listing price. There had been a contract on it which fell through because the buyer's situation changed and he could not cl...
Account Closed
Private Money and Proof of Funds
Dear BiggerPockets community,Presently I've been financing flips/rehabs through a secured line of credit.The current lending agreement allows me to borrow up to around $325,000 and my bank will allow me to use this mo...
Jo-Ann Pelletier
Help for a newbie
First, thanks for all the great knowledge I have already gotten from this site. There are some real experienced people here!
I would like to purchase an REO -- not for a flip but for my in-laws who have never owned ...
David Hanor
Owner financing with a mortgage
I am looking to sell a house that has a current mortgage on it. I would love to offer owner financing but has anyone done this with a current mortgage? Curious about what to look out for.
Don Clark
Wholesaling REO's?
Hey is there anyone on BP familiar with the actual process of wholesaling a REO occupied property? I ran across the property today while scrolling through a nice neighborhood here in Atlanta. I wrote down the addre...
Damien Dupee
Baltimore Market
I am a licensed realtor in DC and MD. Looking to purchase my first property (2-4) unit owner occupant property via FHA in Baltimore. I live in DC and know nothing about the Baltimore market. What areas are good to foc...