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...

Hey community,I have a verbal agreement with a seller to buy his property with seller financing.  This is my first deal with seller financing so I would like to know if there's anything I'm missing.  Details:- Multifa...

How will the new Texas Senate rulings on Wholesaling, Assignments and Double Closes affect your real estate business?If your real estate investor business includes wholesaling, assignments and double closes, you need ...

I am in negotiations with a potential seller who owns a property free and clear and is willing to "entertain" the idea of a seller carryback. She is fixed on a certain number (sales price) and I have been playing ...

I just read an article that made a recommendation that I found weird and not a good idea, and want to get an outside opinion. When your tenant has been consistently late in rent and is clearly in danger of eventually ...

The urge to get into real estate pushed me to invest in a 6 unit building in a neighborhood that I didn't think was that bad. I thought, the cash flow could be good so why not. This was a year ago. Now, my PM is strug...

I'm looking for some advice on how to start my REI career in Northern Virginia and reading through all these options has my head spinning a little. Here's where I'm at and would appreciate any suggestions.

I'...

Hello everyone!I was wondering if I can get the BP community's advice on purchasing my first investment property! I am really interested in a condo that is located in Tx. The list price is $126,500. The seller is open...

Full disclosure, I'm a CPA and this should not be construed as tax advice.  Please consult your personal CPA.I did a search on this topic and didn't see much discussion, so I figured I'd chime in.  My wife and I are l...

What is the best investment vehicle for the savings that will eventually be used for a down payment on our first rental property. Currently we have about $5k in a discover savings account earning 2%. Is there a better...