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...
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...
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...
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...
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...
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...
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...
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...
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...
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...