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Hello! We showed one of our properties to a women yesterday and her 2 kids. She really liked the place and asked if we would be willing to work with child protective services. She said that she is displaced right n...
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I know the legal definition of taking a property “subject to” is that I would take over the payments of the mortgagor. I would not be liable if I could no longer make those payments.
How do the mechanics of this wor...
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Hello everyone, this is my first post. I am trying to wrap my head around what I am getting ready to do. So we (wife and I) currently have 3 rental homes. 2 of the homes are half paid off with about 10/15 more years o...
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I attended a local REI meetup last night and the guest speaker was an auctioneer with 37 years of experience in RE investing. He was selling a strategy of buying properties on cheap because they were good for nothing ...
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Hi, I just ran into an unusual situation and was wondering what experience others have. I have had multiple commercial loans over the years, and many now require a fresh set of financial statements, rent rolls, etc. ...
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Has anyone used their 401K to buy a rental and receive tax free income ? If so, how does one go about doing so? Would I be able to make repairs out of pocket or does everything have to be from the 401K?
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I have viewed a couple of auctions but have never tried to figure out whether there was a rhyme or reason to the process. My question: Do loans held by Fannie or Freddie open at the loan value every time? Or d...
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Question: we are closing on a home November 30th and plan to rent it immediately. The current owners have vacated the property already and have asked if we would be okay placing a renter prior to closing. I have many ...
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Hey everyone. I lost my dad almost 2 years ago and my mother has never worked. When he passed she received 100K in life insurance money. She isn't real interested in doing flips so I mentioned to her about getting int...
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Hi BP community,There was a recent ordinance passed in the state of Missouri (specifically the actual city of Kansas City) pertaining to whether or not landlord's can review and deny tenant applications based on sourc...