Joel Owens
Tax gain on sale question for commercial property.
Getting feedback on a situation.Transaction of 4 million and buyer is putting down a certain percentage. Seller is agreeing to carry back 5% second of 400k fixed with a 30 year amortization for 2 years.Sellers comment...
JP Morales
Looking for advice. Buying a multi-family as my primary residence
First off I have to say I love this community and all that I have learned from it. Was hoping I could get some nuggets of wisdom from everyone here.So currently I own my first home that is a 1 bedroom co-op in Westche...
Patrick McCafferty
Investor making an offer on a short sale
I like this property in my area. It is subject to short sale approval and it needs a lot of work. It is on the market for $199k, down from $329k. There is an $80k Home Equity Loan in first position, then a $175k an...
Jeff B.
Helping out a tenant?
I have a pretty unique opportunity that I'm having a hard time saying yes on. I have a tenant that has been an "OK" tenant for a year. I say "OK" as they have been late on their rent, but have always be very forthco...
Grant Smith
Small Success for a young investor
So I have finally gotten around to talking a little about what I consider my first success into real estate investing.
Some background, Sept 13' I had just turned 23 and had been out of school for 9 months. S...
Georges A.
Urgent Advice needed - should I keep the inspection or not
Guys give me your insight on this one..
REO in a nice area in Medford listed as a HomeSteps (that unfortunately doesn't exist in MA yet so I'm stuck with a regular loan) so not competing with investors for 40...
Michael Lerch
REO Agent won't accept my private money POF
I'm a wholesaler and I've wanted to start making offers on the MLS. My friend is my buyer agent. I have a private money lender in the mix to use as transactional funding so I can close the deal.First offer on an REO I...
D.C. Sparrow
Homeowner Walking Away, Wants 5k to Deed the Property To Me?hort Sale
Hey Experts,
I signed a contract to do a short sale with a homeowner. However, now they won't sign authorization to release nor continue with the short sale. They want to walk away and will sign a warranty ...
Jorge J.
Owner Financing - Why?
If I own a home, why would I agree to finance the buyer and have the buyer pay me monthly payments instead of having the buyer go to the bank. How would I, as the seller, protect myself against the buyer defaulting o...
Michael Crane
Introduction - new member
Hello BP community, I (28M) signed up and have been lurking the forums and articles for a few weeks. I keep getting prompted to introduce myself, so here goes. I live and work in Wisconsin, specifically the Milwauke...