I know of some Phoenix-based investors that submit short sale offers and place people in the house to "guard" it while the bank is goofing around with the offer. They collect "rent" and pay nothing on the mortgage fo...
Looking to finance a purchase- it will either be a flip or rental. Currently don't have any income and my tax returns don't offer anything that would help qualify. Having a hard time finding a lender that will lend ba...
I had a tenant text the other day that they paid a deposit and never got a deposit statement and they were trying to buy a house and that this needed to be settled in court. I saw this and was thinking you have to be...
So my husband and I backed out of a buying contract 2 days ago on July 26. We offer cash with no contingencies. The sellers will not release us from the cancellation contract. It’s been over a month. the sellers aren...
Hello Everyone,I need some major advice. I recently purchased a property subject to the existing mortgage. The home was going to auction but I was able to stop the auction and help pull the home out of foreclosure and...
Hello! And thank you for reading my post, and for any advice you may have to offer me.
I am a single 32 year old, no children.
Born & raised in Salinas (Monterey), CA.
Have lived in Sioux Falls for 12 years.
My ...
It was 1997 and my then wife and I learned she was pregnant. We were both college educated, making good money (I was 25 and she was 23), but we hadn't saved any money. 1997 was the middle of the 1989-2201 real estat...
I am having a difficult time getting offers accepted that would allow me to purchase and rehab rental homes for under 75% ARV. Previously, I bought houses cash, fixed them up, and then did a cash out refi after season...
Hello Everyone!I’m closing on a 4 unit in Little Village next week. I have rentals in Cicero and always charge security deposits. However I’m leery to do so in Chicago. It seems too risky with the current laws. I’m d...
Hi Everyone! Newbie & First time Homeowner here!
We purchased as-is & the previous owner added a detached ADU with a bathroom and kitchenette. This may have been a one car garage conversion but we do not kno...