Cliff Durrett
Need advice on a short sale where the 2nd cancelled the request, charged off?
Ok, so I have someone doing a short sale of sorts in floridaThe first mtg is with a co out of CA that bought the NPL from Fannie a few years agoThe 2nd is with Mr Cooper, and is a Fannie 2nd (didnt know fannie even d...
Account Closed
Purchasing a Vacant Property with Deceased Owner
Hi all,I found a vacant property in a great area and may need some creative thinking to seal the deal. The owner passed away and has no family, per the county property appraiser office. They are in a holding pattern ...
Martin Madelaire
Verbal agreement & evictions
Hello BP.
delicate situation as we bought a multifamily unit. We live in 1 unit and will rent the others.
The issue at hand is that one tenant has/had a verbal contract with the previous landlord (they are family). ...
Rao V.
Has anyone tried this?
Hi,While looking for a sub contractor for one of my flips I got an offer from a contractor that he can perform bulk of the rehab work while living as a tenant. We didn't go into much details as I wanted to come here f...
Gabe G.
cdc stoppage of evictions, question inside
I filed for eviction on a tenant before the cdc order was in effect. The court date was set for one month out. I showed up, provided evidence that the tenant was not only behind on rent but also in violation of a leas...
Ericka L.
Renting to a parent... duplex investment
Hey all, I'm currently under contract for my first home/investment...a duplex... and my mom has asked if she could be a tenant in the other unit. She lives in GA and is trying to sell her home since my dad passed away...
Calvin Lin
HOA start enforcing 20% rental cap suddenly
Hello BP community,I purchased a townhouse in NC last June as an investment and found a tenant right away. At the time of purchase, my I did know that HOA had a 20% rental cap in the community and that threshold was ...
Donovan Plummer
Purchasing Property with Tenant In Place
Hi BP'ers - I am seriously considering making an offer on a property that has a tenant in place. The current lease expires 06/2016 and the CAP rate is is in line with my preference. I am a lot more comfortable vetti...
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...
John Thedford
Can You Lend OPM In Florida Without a License?
Yes..and no. Per Statute 494 which governs mortgage lending, an exception is granted to those who lend THEIR OWN money. So--can you lend OPM and stay within the law?My interpretation is YES--provided you lend the mone...