Edward Mccracken
Wholesale - What to do with a old seller carry back note???
I found a homeowner thats is dying to get out of his house.... Here are some quick facts that are verified through the recorder of deeds:Mortgage company released the mortgage on his house for 75kBanks around here som...
Mark Buchheim
Judgment debtor forged transfer of title to a dead person
Without going into the fraud and embezzlement by the judgment debtor, I will just go into the specifics of this unique collections situation.10 years ago, this husband and wife were investigated by the state attorney ...
Doug DeVore
Is it better to mortgage one property or several? I paid cash.
Hello all - first time poster. Been lurking for a bit and have even been to a meetup.I have a property with $400k-$500k in equity and have paid cash for another property that I rehabbed and rented. I was planning on...
Nicole (Dunlap) Pendergrass
How does a Condo in Lis Pendens get resolved?
Hi BP!
I need some insight on a condo I was going to purchase for my personal residence. Here's the situation:
I was literally 1 form away from closing on a condo in March (Bronx, NY). At the last min...
Account Closed
Hard money term meanings and credit
I have four questions.
#1. Looking at a local hard money lenders terms, I need to understand what the following terms mean:
a. LTV: up to 70%
b. Repair draws: 70%
...
Antonio Russo
Credit score while investing
How bad would my credit score hurt if I took out 100k against my home? My credit score is 735 and my home value is 609k paid in full. I also would like to know what you would do in my situation? Would you take out a m...
Robert Palladino
Prospective Tenant Screening Advice
Hello All, I am currently looking for a tenant to fill my first rental property. A little background; The property is located in a less-than desirable part of town, but the house is nice & clean.
I have one guy w...
Carlos C.
Land Trusts and LLCs
Hi everyone. I've read almost every possible thread here about Land Trusts and LLCs, but, yesterday I received a message from a Lawyer that I'm considering to hire to setup my Landtrusts and LLCs, but he replied sayin...
Ben M.
Owner finance offer on my property
I have an owner finance offer in my property below and not clear how this would work.1) Are they saying that I will be fully paid in 5 or 8 years? So the monthly payment would change later on? I guess that’s what the ...
West Kite
Need your advice
Dear fellows, I was wondering if you could offer me some advice on which items are negotiable based on the estimate I received. Are there certain expenses that can be discussed or reduced? Thank you for your help.