Hello all,

A couple of days ago I saw a 2nd position note offered for sale with the following parameters:

Property FMV: $178000
Property location: Illinois
1st mortgage balance: $138000
2nd mortga...

Can I buy a home directly from an owner facing foreclosure in advance of the foreclosure auction?  For example, I see a home up for auction, and the amount owed is about $38,000.  Assuming this is the only debt (and I...

Hi,I am considering several locations (over 10) to invest in my next rental property.  As such, I'm contacting mortgage brokers and filling out loan applications to get pre-approval letters.  Will this impact my cred...

Hi BP Community!After reading “Set for Life” & the “Cash Flow Quadrant”,  I’ve cone to the conclusion that my current job has me TRAPPED!I’m only in town 8 days a MONTH with my current job & would love to chan...

Hello All, I had posted this a while ago, but now I wanted to put all of the numbers out there and see if I could generate any creative solutions to my real estate problem. I'm not trying to sell the property on this ...

I think that everyone can benefit from the collective wisdom of the board. What is the biggest lesson you have learned so far in your investing career? Your answer can cite a specific incident or general philosophy ...

I'm looking for some advice here. We're selling our house and have been in escrow for 31 days now. The contract states 18 days for financing contingency removal.Basically the buyer's mortgage broker and the bank (Chas...

Im wondering how the REI world looks upon younger adults when it comes to starting out. For example, im an 18 year old, but very knowledgable. I have a feeling that if I do begin this career as early as I am, then of ...

I am getting ready to sell a piece of property and carry the note. I won't hold anyone to this, but am curious what you think the note is worth. Here are the facts:

Sales Price: $580,000
Down Payment: $145,000 (2...