Brian Fiorillo
Purchasing A Property The Current Owner Is Upside Down In
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 ...
Account Closed
Can an investor help facilitate a short sale?
Greetings BP,
I have a grass roots lead in a very nice neighborhood in Portland, OR.
The homeowner hasn't made payment in 4 years! The unpaid principal balance represents just about my exact MAO in orde...
Dave Stokley
Refund extenuating circumstances beyond your cancellation policy?
Today is the second time in the past few weeks that a guest has asked us to allow them to cancel for a full refund the day before their stay because of bad weather where they live that may prevent them from traveling....
Derek Robinson
Next Level Thinking/Truly Passive Income
I got into real estate investing to escape the 9 to 5 paycheck route. Now that I have enough "passive" income through single family, mulitfamily, short term rentals, a few notes, etc....I'm looking at the next step t...
J Scott
Banks Are Idiots
Here's a fun story...it's long, but I think you'll get a good chuckle:
We have a short sale under contract, and there are two mortgages on the property, both held by Chase Bank. To get the short sale approved, there...
Nye Eddings
Researched all this information...now what?
When I became a member on this site, I was looking for that key ingredient that allowed many of the investors to become landlords overnight.I researched every strategy, every problem that could possibly come up and c...
Jeremy G.
Serious problems with first triplex deal, need some advice
HI!This is fairly complicated and I'm going to assume most replies will tell me to get an attorney, but I guess we'll see :-)I am located in NH, I went under contract in April of this year on a $180k triplex, it is tw...
Alicia Hensley
What do you think? Sell or keep as rental?
I have a SFR rental in Utah. It makes about $140/month in cashflow. The city it's in is growing quickly (new hospital, a new high school, businesses, etc.). I would like to free up some cash from the property and I do...
Mark Maire
Wholesale Process
Am I missing any steps?
1. Find a motivated seller, with deal potential.
2. Determine ARV and REHAB COSTS at meeting.
e.g. ARV: $150,000 REHAB: $25,000
3. Negotiate a deal.
$150,000 x .7= 105,000 - $25000...
Stuart Grazier
Military Members - How Are You Working on Your Transition?
Military men and women - As I get closer to my own retirement I am continuously thinking about how I can make my own transition to a civilian life as easy as possible so I am trying to step up my game to do that. Howe...