Wogderess H.
Tax on real estate sale
Hey BP,This is for s friend of mine...He just bought a town home and was trying to rent his condo he lived in for the past 4 years. He still hasn't changed his address to the new town home if that helps. He couldn't g...
Dan NA
Short Sale's and Offers and Value of Properties
Hi all,
Currently we are looking at a house that is up for short sale in NJ. The original loan amount was 405k and the listing price for the house now is 340k. I went this weekend to look at the house and it needs wo...
Ken Sanders
Negotiating Offer on my Fix & Flip -- Need Advice
I just received an offer on my current fix & flip and I thought I'd run it by the BP crowd. Here's the scoop:1. House has been on the market for three days and has received one lowball offer in addition to the one...
Shari Nott mcKinley
Rental property investment
Investment Info:
buy & hold investment.
Purchase price: $72,000
Cash invested: $20,000
Rented out, still own property
What made you interested in investing in this type of deal?
I ...
Herm M.
What's your experiences with WaMu short sales?
I'm about to start on my first short with WaMu....there is also a 2nd HELOC, also with WaMu.
The rep told me that typically a property doesn't "qualify" for a short sale until it has been on the market for 90 days. T...
Bob Malecki
Fannie Mae Offers Largest Delinquent Loan Sale to Date $1.24B
Here is a recent announcement about Fannie Mae selling off another large pool of NPLs:The NPL offering announced Tuesday (FNMA 2016-NPL1) includes 6,700 loans totaling $1.35 billion in aggregate unpaid principal balan...
Account Closed
Can I buy a house in a 55+ community?
If you are not 55+ but, you want to buy a house to rent it to 55+ people. Could you do that? Or do you have to be 55+ to be able to buy the house?
Chris Terry
Closing without LLC docs??
Hi I have a deal ready to close but the seller can’t find his Inc. docs., I have his EIN #, searched the PA site, original title company that he purchased with, and current title company is at a standstill. Any sugges...
Ian MacLeod
How to find good retail comps
I need some help here folks....I am looking at buying a property to rehab and resell...Property is listed for 74K....Wholesaler I would be buying from claims ARV to be 180K....When I look at sold figures in a very clo...
Kevin A Nolan
CPA and Attorney - when and why
Hi all! This is definitely a super-newbie question - but thats exactly what i am. Bear with me.. So, i am in the early stages of purchasing my first home. The plan is to use the BRRR method to purchase a multi-family ...