Kurt Maule
Foreclosure - Pay Reinstatement, Quit Claim, then Refinance
Hello BP Family,I have been getting a lot of pre-foreclosure leads. This is where the auction date has been set and the owner is trying to leave the property but not affect their credit.There is a low-equity deal that...
Kevin Jackson
Rental investing with a 40k Heloc. What’s a good strategy?
Any advice would help. I have a 40k Heloc. I was trying to use it as multiple down payments on some seller financing rentals with the plan to refinance after 6months pay back the Heloc and repeat. I’ve been having ...
Joe Doman
Hypothetical Financing Scenario
Hello all, I wanted to check in with the community to see if the following scenario is even possible:If a seller is willing to carry back a portion of the purchase price but wants a substantial down payment, can I go ...
Nancy Molinari
Looking for a BP pro to weigh in on my responsibility to the tenants in CT, while the prop. is in a short sale
Hello all,
I really need your expertise on this question. I own a duplex and live in 1/2, renting the other side out. I will be moving to Boston for a new job and at 57 years old, crunching the numbers does...
Brandon Turner
Would You Halt Evictions During the Holidays? FannieMae and FreddieMac are...
This week, as seen on the BiggerPockets News Page, FannieMae and FreddieMac (the large government entities that back a majority of U.S. mortgages) announced that they will halt the foreclosure process for the mortgage...
Kevin Trumbull
Anybody work with Prime Realty Group in Kansas City, MO?
Has anybody worked with the property management company Prime Realty Group in Kansas City, MO?
Anthony Larson
Portfolio acquistion, first investment
just returned from deployment I'm looking at this property to buy, so i can focus on school, and not work
17 unit and 12 unit building
17 unit building mix
15 unit rooms at $328 a month paid week 2 units $640 mont...
Richard Helppie-Schmieder
Does this lending product exist?
Looking for 80% LTV for a fix and flip then rolled into a DSCR or a fix and rent.Deal points:Purchase: $308,000Rehab: $160,000ARV: $499,000We are adding an ADU to the back of the property. We have done this 5 times al...
Bryan P.
50% rule and Refi
Obviously a wise person would put away 6 months to 1 year of operating expenses for any property. Assuming that one did this, when following the 50% rule, is the property then labeled "self-sufficient?"
If this is t...
Matt Haman
Does a HELOC count as available income
I have a HELOC on a rental property with $139k available. If I am applying for a mortgage for an investment property, does the bank see the HELOC as available income to back their loan or not as part of their underwri...