Just trying to make sure I understand the mechanics of a foreclosure auction when the holder of the 2nd mortgage is the one foreclosing. Assume the following facts - 1st mortgage with $150K principal remaining and a 2...

Morning BP,To make a long story short I just spoke with my lender about acceptable transfers on my mortgage and they have determined that a deed transfer to an LLC is an “unacceptable transfer”.From your (the communit...

Hello all! I am a young 22 year old and I work full time as a Sales Rep (salary+commission). With the info I received so far, I am able to qualify for a mortgage of about 225k. Given the current market prices, this is...

I signed a contract around Jan 2020 for a new town home (earnest money - $7500) in Atlanta and closing is on April 27th.
Seller(Lennar) already started selling for lower prices due to Coronavirus effect, can we ask ...

Good Morning BP,My business partner and I are in the process of purchasing a property. We are looking for advice on the best way to manage the shared down payment, for tax purposes. I'll try to outline the details as ...

Say you can get a 203K loan and a good deal , do the rehab ..... Now would it would make more sense to sell for higher value or keep and take advantage of that low interest rate ( assuming there is not cash shortage f...

Hello. My spouse and I currently rent a home from an acquaintance who no longer cares to deal with the stress of a place that needs work and is the byproduct of a bitter breakup. In other words, this place is a total ...

Had my 1st motivated seller conversation yesterday, and here's what we have: More infomration in my latest blog post: http://www.biggerpockets.com/blogs/2845/blog_posts/22930-making-that-first-motivated-seller-call

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When is it correct to maximize rental income reported on our SCHEDULE E (Form 1040) for additional mortgage qualifications?For example, an investor already has a few preforming rentals purchased last year. Now that ...

I lost everything in 2008 during the recession.  13 homes all in the suburbs including my personal home in Royal Oak.  It was devastating for me at that time.  I did everything right and just did it at the wrong time....