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Results (10000)
Christopher D. Lease Sandwich, no option
23 July 2016 | 17 replies

I'm considering doing Lease Sandwiches, without the Option contract, and would like to hear some pros/cons from anyone who's done it before.My reasoning:1. Hot market, competitive area.  No reason for a seller to sign...

Michael Lee Need help analyzing this deal - BRRRR?
25 May 2017 | 13 replies

Hi All!I need some help analyzing this deal and what the best approach is to finance it.So this property is located in New Jersey, in a very good A neighborhood, approx 1hr to get to New York City. It is a 3 family ho...

James H. Repercussions of Defaulting on a Hard Money Loan
16 July 2017 | 15 replies

I have been considering the idea of using HMLs in the future. Not that I would plan to, but I was hoping some of the HMLs or folks with experience borrowing from HMLs could describe what happens if you default.

So fa...

Dean Baluch Lender Can't Sell Loan - says I owe money AFTER Closing
19 December 2014 | 17 replies

I'm in a tricky situation with my first deal.I closed on an investment property in Georgia and about 10 days later the lender is saying that the deal violates a Fannie Mae guideline in that the cash back at closing ex...

Shane H. 6 plex - Issues, concerns, repairs, etc...
26 February 2014 | 3 replies

Hi everyone, I do not even know where to start with this one as there are so many variables and things to cover, but I could really use an outside opinion.

My wife and I are looking to get into our first rent...

Sara H. My rental property is a money pit!
8 April 2011 | 9 replies

I bought a triplex in 2006 with plans of flipping it. I wasn't able to do it quickly enough before the market bubbled. So I've tried to set it up as much as possible. I was advised to set up an LLC to run the property...

Louis Fernandes Seeking Advice from BiggerPockets Community: Loan Direct LTD Legitimacy?
5 July 2024 | 8 replies

Hello BiggerPockets Community,
I hope this post finds you all well. I am reaching out for some valuable insights and advice regarding an opportunity that has come my way, and your collective wisdom could make a signi...

Danielle Prendergast Seller doesn't want to short sale anymore rather foreclose
19 November 2013 | 18 replies

Hi BP,

I've had a short sale under contract pending bank approval for 8 months now only to get an email from the sellers agent this morning saying that the seller is frustrated with the wait and just wants to walk aw...

Marcos Carbi Advice Needed: Long-Term Tenants Behind on Rent – How to Handle?
18 January 2025 | 8 replies

Hi everyone,
I’ve been a landlord for a while now, but this is the first time I’ve found myself in a tough situation like this, and I’d appreciate some advice.
I have tenants who have been with me for 2 1/2 years. T...

Evan C. So is this how substitution of collateral (substitution of security) works?
2 February 2025 | 7 replies

Maybe someone can educate me on the actual uses and mechanics of using a substitution of collateral clause (aka substitution of security) in a loan when you are the borrower. I understand this is almost only used betw...