DeMar Montgomer
Flip House Pre-Foreclosure
Hello All,I've been renovating to flip for awhile now. The house has been on the market for 15 days as of today. My extension on the loan was denied by the lender earlier this month. I'm expected to have the loan p...
Kumar Paj
My first Pre-Foreclosure
Hello,With foreclosure rate going down and new investors coming in the market, it is getting difficult to find attractive investment properties on MLS. Having realized that I am trying to learn and understand opportu...
Michael Rivera
Wholesale Contract Help! (please)
Hello BP family I recently signed a contract with a private investor which consisted of me finding off market properties. As well as the owner to see if they'd like to sell. He told me he wants mainly pre-forec...
Frank Pyle
Seeking Advice on Financing an Airbnb/Short-Term Rental
My client recently purchased a home with a hard money loan and have successfully rehabbed it for use as an Airbnb rental. It has been operating for 2 months now. Our lender has informed us that we need 12 months of re...
Jeff L.
Monthly mortgage payment questions - Hazard Insurance and County Taxes
My lender sent me the itemized monthly mortgage payments I'll be making. Along with the principle and interest are two items I had questions about:1) Hazard Insurance - does this go away once I'm covered by my own lan...
Gaston Barua
Second home loan right after a Lien release?
Hello All,I am pretty new to the REI world and am looking into my first rental property. However, I am a bit concerned because I am working with my lender currently to get pre qualified for a loan, and am in the proce...
Jason Todd
Help on Structuring a Wholesale deal as seller finance
We are fairly new to the game and have only done regular wholesale deals prior to this, so I am needing some help. I have a homeowner that is in pre- pre-foreclosure (she's behind but has a stay from the court on proc...
Joshua Todd
Renter pays for year up front!
All,I've been attempting to work this issue out but cannot seem to find the best solution. Renter's lease expires in August, good time of year in Northern NY for lease to expire as winter is a bad time to move. The ...
Heather Miner
Rent due on the 15th?
I have two tenants who receive their paychecks/disability funds after the 5th of the month, so I extended their grace period by a few days. This results in extra effort each month because of multiple late fee structur...
Kenneth Lim
Downpayment
Hi, I would like to know if I see a good deal,
- Should I put a 10% downpayment first before asking my bank for a loan? [b]
OR[/b]
- Should I ask my bank for the loan first and if the bank agreed to loan; I put my ...