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Looking for some advice and fresh ideas to make this a deal:
3/2 1500 sq ft home. No comps available (stale market)
Owner is willing to do seller financing.
Owner owes 44k on mortgage. Value is roughly 120-150k.
W...
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I volunteer some of my time at a local nonprofit helping others rebuild their credit and get their life back on track. After I screwed my credit up so bad in my early twenties I feel it's only fair I help others so t...
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I listed my rental property on Zillow and received a completed application from a prospective tenant who's credit score is 524. Rent for the property is $1600 per month and per the credit report, tenant has a total de...
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I have a couple of past due tenants (include 2 who have moved out). I want to report to the Credit Bureaus -- has anyone used Rent Recovery Service or any of the other services?
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Hi all,
I'm exploring an opportunity to by a hotel that my wife and I would live in. My parents owned a similar property, I had helped run it throughout growing up. I'm involved in the hotel industry career-wise as...
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Hi All,
I still can't seem to get a clear answer on exactly how loan forbearance will impact credit reports (not scores). I understand it will not impact my score, however, banks will see that I am in forbearance (wh...
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Hi everyone! New to real estate, I’ve lived in Chicago for the past 3 years working in the medical field and plan to get my start with a multi-family house hack within the next 5 months. I've been primarily working on...
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I bought a 2 family the end of 2012 and have now completed my first year as a landlord. My accountant recently provided me with my Schedule E tax return for 2013 and I was surprised to see that my taxable income i...
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I have been looking into IRR and NPV and I am hearing mixed reviews about both of them so I was wondering if you really need either of these two formulas or is one better than the other?
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I have a seller with multiple properties he wants me to just take over payments on. I contacted an attorney and was told there is no such thing as 'subject-to' in that state and I would have to do a land contract. My...