A seller is attempting to do a short sale, as they owe more on the property than what the property is worth. However, the sellers are up to date on their payments and not in default. For the sake of argument, lets say...
Hi Everyone!I'm excited to learn from everyone here.I'm originally from Michigan (Detroit area), but have lived in 8 states, and have called the Bay Area home for 3 years now.My wife is amazing. She bought her first h...
We're just back from a few days scouting in Waikiki and are about to give up. A $500k 1 bedroom condo would generate approx. $40k/year, and after tax, PM, HOAs and loan, cashflow is negative. I know some of you are ha...
Hi All,I recently sent out my first DM campaign. 374 pieces to absentee and out of state owners with 60-100% equity. It hit homes on 11/17. I have had NO responses. I know the whole idea of having to hit people with m...
I attended this meetup last night in Tyson's and was disappointed to find out it was a 2+ hour video pitch for Phil Grove's training program. I have nothing against the presenter or the training program (I'm sure it's...
Hi Biggerpockets, I'm 21 years old (Total noob to biggerpockets and RE) working as a maintenance man at a Mobile Home Company in the Southern Suburbs of Illinois. I just recently got introduced to real estate by wa...
I'm trying to do my first short sale and I really need help.
Here are the details:
FMV of house based on comps: $155K
Repairs needed to property: no more that $20K
Total owed on 1st to Wells Fargo: ~$163K
No second...
hey gang in lieu of a mentor, can I pose a question? which you may answer with a question or just vote on. (Kind of like playing chess this real estate stuff espec. when life variables shift.)
I have a hous...
I BP Community! My weekly brief, hopefully insightful, dive into real estate and/or financial markets is below!
Today we’re talkin:
- Jobs / Inflation Report- New Housing Market Outlook 2024- Housing Affordability- ...
Hello Everyone,
I am currently in the process of acquiring rental #4 and have been wondering about how everyone is handling water bills in single family homes. Do you pay the bill or does your tenant? If ...