Hello: I've read that one risk of buying properties "subject-to" is that the seller/mortgage holder may file for bankruptcy, and the home can then be foreclosed upon. However, if the buyer is paying the mortgag...
Hi Everyone! I get it. Birmingham is a great place to invest in and you get your ROI. However, recently I started noticing that in the Eastern Birmingham area, most homes, acquired by Out of State Investors (Californi...
As an REI that primarily buys in cash, would my opportunities be taken seriously if I used and commuicated my 30%-Rule assumption?I am looking at wholesaling some properties in a highly desireable area. However, when...
I found a seller that owns a 20,000 sq ft. office building with no mortgage that is interested in carrying the note for me. The building has a gross cash flow of $68,000 as it sits now, with a gross potential of $160,...
Hi all,This is a long story and not sure if this is the right place to ask about my situation, but here goes.About a year ago my mother passed away. My mother and step-father were both on a fixed income and barely mak...
Hello there,
I'm in Michigan with a Section 8/Hud Vash tenant who has 3 more months on an initial lease.
Inherited a house from my mother 11 years ago and jumped in after researching landlord/tenant laws in Mich,...
I typically look for the 1% rule based on ARV and an all-in investment of less than 75% ARV. Those are the most important metrics to me. What about you?
Hi,I am a new investor and actively looking for deals. I have researched some of the HML's and didnt' really like to percentage of "skin in the game" that is required upfront. So, I decided to go the PML route. I a...
What's the worst maintenance request story you have to share?
I'm in the process of buying a foreclosure that had the main circuit breaker (disconnect) stolen. The main panel is located in the house and is fine. I've got some electricians coming out to give me some estimates but...