This is a great site, just discovered. I
am going through an arduous process with WAMU myself.
My case:
I have a Condo (primary residence)
1st and 2nd mortgage with WAMU
total owed: $680K
I knew I would get into troub...

Hello, I am a newer investor and my wife at I our looking at our first 4 unit home. Its a 4 unit in a nice area, listed at $225,000, doesn't need any work and is fully rented at $3,200/mo.

Details:

Tax...

Newbie here and suspicious of a "great offer"

Hippoze is the primary LLC formed for the purpose of purchasing, managing and selling real estate.

Smaller feeder LLCs managed by GM's will have their own LLC under the ...

I came across a property that a client saw and went to check it out on the MLS. The property was not on the MLS yet, and I found out that the property was an REO. Being that their was a paper on the window of the pr...

Hi,

Does anyone know how lenders factor in S-Corp loss for DTI ratio calculation? Do they take the loss, divide by 12, and add it to the debt portion of the ratio?

My apologies in advance if this has been asked befo...

Hello, I have a question and would greatly appreciate any feed back I can get.So I went to see a property about a deal where the seller is requesting 55K for property.He buys and flips as well and he completely renova...

My current property management company has been OK but they put in a clause in their contract that I MUST use their agent if I sell the property after a lease with them. It also guarantees them a 6% commission (I know...

NEVER, EVER, EVER Submit an EMD (deposit) directly to a wholesaler. Be suspicious of anyone requiring or even asking you to send deposit money directly to them instead of the contractually agreed upon title company.I ...

... do you prefer to prorate the 1st mo rent or change the due date? I’ve always pro-rated the 1st month but now that I have property mgmt software it can easily keep track of multiple due dates. I have a tenant movin...

Hello all!Checking out a 2 unit duplex. 2/1 upper and lower.  The lower is not rented but the top is with rent at 550 because the owner felt bad but the unit looks great, maybe a bit of updating.  My Father has built ...