Luna B.
Underwater Rental property in California...exit strategy?
I bought a rental property in Clearlake Ca in 2004 for about $125,000 ( A house and studio)I now owe $95,000 on a 1st at 6.25%. CitimortgageIf the house was all fixed up I might get the $95,000, but it is in need of ...
Kevin Mauch
hello, and debt servicing question
Newby here in northern Colorado. I have been shaking several trees l know of and talking serious long term strategies. I have some good contacts that have been in the biz for 45 years. They are old school, cash, free ...
Brant Jones
Delayed Financing with Owner Carry
Has anyone used delayed financing in combination with a small owner carry, and does it meet the criteria for the six month exception?I am looking to purchase a property at 70% ARV - mostly cash. Owner owes $55k, but w...
John Thedford
TIps & Tricks Needed To Avoid DOS Clause
Just signed a contract to purchase rental #15. It is my intention to STR the subject property. I signed a contract to purchase this property subject to the mortgage. I would hate to have the note called and have to pa...
Steve L.
Software to keep track of Loans/Notes Interest Rates/Pmts
I have a group of smaller investors that give me loans on a per project basis or into my business and we negotiate different scenarios for everyone.
They're all parties I have an existing relationship with, so I am...
Ariel K.
Security deposit transfer
I am under contract to sell a 4plex in Texas. I have agreed to make some repairs prior to the sale closing. The wrinkle is that I have one tenant whose lease ended on 1/31/20 and there are repairs in that unit to be m...
Dino Ganas
Have 42k saved. What to do?
I have about 31k saved in the bank and 11k that my father owes and will give me. I have a baby on the way and currently living separate from my girlfriend. Her apartment is too small for everyone to live comfortably ...
Alexander Reda
Utilizing your current home residency
Let me give you a little insight into my situation.My house currently has a CHFA loan attached to it. I know I can't rent out my house unless I refinance out of this loan. So, I was thinking about refinancing to a 30 ...
Mike Sola
1031 Exchange and Cash out refi
I guess there are two parts to this post:1. If I flipped a house for a 20k profit, can I put that money into a 1031 exchange and add my own cash to purchase a new property?2. Let's say I am able to do #1, if I were to...
Josh Southern
How would you develop vacant commercial property !
How would you cash flow a small spot of vacant commercial land! Creative thoughts or old school know how appreciated!My thoughts:I recently acquired a small piece of vacant commercial property.Got it at a steal (got ...