Tanya Rooney
First Deal - Duplex, Financing
Hello BP Community!
I found a duplex that I think is a stellar deal. I don’t have a down payment but really want to jump on it. I know a conventional mortgage is likely going to look for a 20% down payment. I do not...
Ryan Fleming
Renting short sale property during negotiation
Whoa boy I'm getting prepared for a lot of information that I don't want to hear...
We have an accepted offer on a short sale as of April 28, 2010. Wells Fargo has both the first and the second on the property and ha...
Natalia Collini
FHA 203K loan questions
Good morning! I'm interested in getting an FHA 203k loan to purchase a 2-4 unit home with. Some of the things I've read online suggest that a bank will only lend you that money for a multiplex if you have some cash re...
Account Closed
My first offer got rejected and I couldn’t be more proud
My wife and I are looking to owner occupy a fourplex. I found a triplex that was distressed and the owner bought it at a foreclosure for $116,000 last February. The listing price was $234,000 and the largest unit was ...
Tyler Silver
Possible wholesale investment - next step
Hey all!So I'm working on getting my first property under contract. I've been talking with the owner, he is an out of town owner of an abandon house on the opposite side of the country. After a few calls he seems li...
Hieu Bui
FOUND A VACANT HOUSE. MEETING THE OWNER THIS WEEK. I'M NERVOUS.
Hello Everyone on BP forums,This is my first post so my apology for any mistakes that I'm not aware....I was driving around... Found a vacant duplex having broken windows and tall grass violation notice posted on the ...
Tin Chup
Equity on inherited family home with no mortgage
Just looking for some advice. I inherited a family home in Des Moines Iowa , no mortgage assessed at maybe around $60k. Needs work, home was built in late 1800s. I’m aiming for possibly a HELOC For 3.5 FHA for a secon...
German Aguilar
Stockton CA Help "Im stuck"
Hi everyone So I'm your typical newbie i want to start and i have a lot of wants and a lot of drive to start my investing journey but i'm stuck and don't know where to start.My goal is buy and holds. I have my first h...
Rose Fleming
Alabama FHA Foreclosure and Redemption
I know someone who recently lost their home in a FHA/HUD foreclosure. I think I could acquire their rights of redemption and make a modest profit. I've read the rules about adding taxes, insurance, improvements, an...
Ahmed Souissi
Property is vacant and owner had bankruptcy many years ago
Hello, this house have been vacant for a long time so I decided to search the owner and give her a call she said that she had bankruptcy and don't know nothing about the property for many years, and said that Wells Fa...