Will Dougherty
Buying a house from parents
Hi All,
Working on my first deal and will actually be purchasing a house from my parents as they look to free up some cash and are ready to move on from it. We have been researching the best strategy to go about tra...
Eric Frith
Under Contract, Cold Feet in Colorado Springs
Hi everyone. First time on the forum. I'm in Colorado Springs, CO. I've been renting since my divorce. Decided in March 2020 it was time to buy...rough year. After getting outbid by cash offers 6 or 8 times, I finally...
Jason Merchey
Why Is this House Available?
I went to see a house with a Realtor yesterday. He works with a number of investors I understand. The property has been on the MLS as a HUD home for 45 days. It's a real dump - going for $20k. He believes that it woul...
Dawn Vought
Looking For Detroit, MI Realtor
I have an opportunity to purchase a SFR in Detroit for under $18K that will appraise for about $60K at a minimum. It was just rehabbed, and a tenant is in place paying $500/month. The house will supposedly cash flow...
Matt Kistner
Foreclosure in good condition
Good Morning and Happy Saturday-I checked out a foreclosure yesterday that was in surprisingly good condition. This house is 2400 sq ft 4 bedrooms (3 on the main level and 1 in the basement) as well as a family room i...
Gloria Mirza
apraisal on boarded up house
I am trying to purchase a house using a conventional loan. The city boarded up the house because there were squatters in it and it is classified as "uninhabitable" because it hasn't had utilities for a number of mont...
John Franczyk
Reverse Mortgages/Home Equity Conversion Mortgages (HECM)
I know enough about reverse mortgages to be dangerous. Typically, an elderly homeowner effectively takes equity out of his or her house without having to make mortgage payments. The owner continues to own the home.The...
Troy Ma
Can taking a Heloc raise your property taxes?
My home has appreciated since I’ve bought it. My property taxes are still being paid at a lower rate than what my house is worth.If I get a Heloc at market value, the loan will peg my house at a higher value which is ...
Jaime A.
Reverse Mortgage payout
Hello Everyone,I am new to bigger pockets and fairly new to RE Investing. I found a seller that has inherited her mother's home which has a reverse mortgage. The bank is asking her 57k to pay off the balance or to sel...
Katie Konner
Selling a house with canceled home insurance policy (has tenants)
Please share insight on how to navigate this...Earlier this year, I received notice that the insurance policy I've had since 2016 was canceled because the provider became insolvent. The new insurance company set up a ...