Matt Z.
Cash-Out Refi Advice for First Timer
Hi All,I'm reaching out for tips as this is my first time considering cash-out refi. Exactly 1 year ago today, I purchased a duplex for $~348k in a fairly high rent area with a top-quality tenant pool. Put down 15% o...
Kalyn Williams
Acquired Tenants with new Purchase
Hey Everyone, We are in the process of buying a Duplex with tenants already in place. I have found a couple of issues with the seller and would like some input! Issue #1: Originally my real estate agent told us that e...
Brian Smith
Selling a House
OK, here's the scenario.
Found a fantastic deal on a house (for my personal home) priced 55% less by bank than the original purchase price. Now I need to get rid of my current house and/or rent it out before I can ...
Lee V
Short sale, with homeowner becoming renter?
Okay here is my situation.
Ive been working with this realtor on this short sale for about 2 months. The asking price is 70k, and I got the lender to accept it for 65k. As is value for the property is about 80k. The...
Account Closed
Need Advice - Inheriting a 2/2 Townhome in Another City
Disclaimer: Brand new to REI, but love investing and have always wanted to add real estate to my portfolio. That's why I came to BP: to educate myself and start down that path.
My dad is not well, and I j...
Charlene Rakhshani
1st is foreclosing, 2nd is w/IndyMac
I'm going to approach the owner to purchase a foreclosing home, subject to lender approval of a short sale on the 2nd and 3rd. Indy has the 2nd and WaMu the 3rd. What can you tell me about these lenders? Auction is...
Patrick Valencia
corporate lease renewals
i'm interested in a dunkin, the lease expires in 4 years with 2 options periods to renew. who can I contact to determine if they are going to renew the lease? I've seen a few go dark on long island. can I contact co...
Benjamin D.
Can I draw from an existing HELOC before I sell? And a separate question about a lien
Hi, I have a lease ending on a rental property, and it's time to sell and buy in another location.The property has a mortgage, a HELOC, and also a 3rd lien where remaining equity was used as collateral for an unrelate...
Benjamin Molnar
Pumping the brakes in Detroit?
So my wife and I were about to submit an offer on a property in a great neighborhood - Morningside/East English - in Detroit. We had two different HMLs lined up to do the deal and we were about to submit an offer whe...
Sarah Jones
Subject To Purchase ... How To Guide
I'm in Los Angeles, CA trying to get a subject to done. I was wondering what are all the forms I need the seller to sign. I know i have to get a title company to check the title before I close but what are all the for...