Hello I presently have a duplex under contract and am hoping it will close sometime in December. I'm planning to 1031 the sale into another property.My ideal situation is to 1031 this duplex into a new construction ...
One thing that was awkward about researching that family last weekend, was that when I pulled the lady's credit report using MySmartMove, it *only* gave me her credit info, not the husband's, nor the family's.
That's...
Hey All,
A bit of a newbie here, but I came across a multifamily deal where the current investor is upside down in the mortgage. He purchased the property in 2004 for $95,000 and currently owes roughly $65,000. From ...
I am considering buying a beach condo. Our family will probably enjoy it a couple weeks out of the year. (when we don't have paying customers).
Most of our money is tied up in Mutal Funds. If we buy the pro...
Howdy BP,
I will be giving updates on this project periodically. Feel free to ask questions to drive what I write:
Here is where is started, and here is the November update:
Thank for the idea Ji...
I have been searching for a duplex for around 6 months to do an owner-occupy to begin Real Estate Investing. I have just found one that I'm interested in. It is a FSBO. I currently have had a realtor who has showed...
I have an investment property in Memphis. It's my first out-of-state investment property. Unfortunately, the tenant (who is the first tenant for my first out-of-state property) stopped paying rent after 3 months. He a...
I am considering using a Reverse Mortgage with the house I am in or selling it and using a Reverse Mortgage tobuy my next house. I need more information and a better understanding of Reverse Mortgages in order to mak...
I've read on here a bit, but I would like to know what is a standard rate for a newbie getting a HML. From looking on the internet I see tons of advertisements saying 8-12%, 2 to 5 points, 6 months to 7 years. Bu...
My dad and his wife recently passed away in February. And since then I was made the executor. They left behind a mobile home that their upside down on. They owe first mortgage $66000 and second mortgage $35500 and rea...