Stephanie Cabral
Preforeclosure, owes what home is worth but very delinquent
Hi all! Looking for advice on how to work with a homeowner who is about 2 yrs in arrears. House is worth $250k, her loan is just about that but she's $54k in arrears. Her monthly payment is $1300. House is a 4/2 in a ...
Jason Kang
HELOCs, Home Equity loans, etc.
Hey all,I'm at the stage of securing my finances as I start to explore markets and look for an investment property. Given that I'm still young and have limited resources, my parents have been generous enough to offer...
Louis Wilson
Stats on cash offers in Austin?
I was wondering if anyone had any stats or data on cash offers in the Austin area? My gut feeling is that cash offers would win in multi-offer situations at a much higher rate and could sometimes command a discount to...
JR C.
Thinking of selling properties and retiring
I know now is not the best time to liquidate properties but I have been thinking I want to take that step.
Now the question arises on how to go about it. Let me know what you all think.
1) Sell all properties (six...
Chris Jones
I should become a landlord? Opportunity or pitfalls?
I downsized for financial reasons, and have been speaking with potential renters. I'm posting to get advice to make sure it's a good decision. The alternative is to spend more time/money into trying to sell the house,...
Gil Nahmias
Renters caused damages higher than security deposit - Use insurance?
My renters caused damages where fixing is about 10x the security deposit. How can I fund the fixes: Do I bill their insurance? Do I sue them and they bill their insurance? I've never had to deal with this situation so...
Nicholas Wallraff
Need help! The bank wants me to sell my property.
First off, This is my first post outside the confines of the local forums, so hello to all you wonderful people!A little background, I am a seasonal Wildland firefighter for the U.S. Forest Service, this means I'm gon...
Greg Gaudet
Need 90-100% LTV for incredible cash flowing Maui triplex
Dear fellow BP'ers, please help! Here's my situation: I have a good job and a six figure w-2 income, as well as an 800 credit score. I have 20k in liquid cash funds and probably about double if I sold my investments. ...
David Harsh
Looking for high cap rate opportunity; Where/When
Mortgage lender has approved me for right around ~1M for another property. I am looking for the best option right now to maximize my passive monthly income (Less concerned about appreciation) and intrigued by a commer...
William Rushton
FHA Loan on MFH with Current Tenants
Hi All,I'm using a FHA Loan to buy my first home, which is a duplex. I'm from Chicagoland area, and I'm running into a lot of duplexs that have confirmed tenants. I am planning to make a bid on a home today with this ...