Tyson R.
Do Salt Lake Duplexes Cashflow?
So I've been looking to buy a duplex in Salt Lake City that would be owner occupied. More specifically in salt lake valley, excluding rose park or west valley (my wife is on board for anywhere else). The trouble is, w...
James Otto
Self Directed IRAs used for purchasing properties?
If I roll over a 401k from an old job into a self directed IRA,
Can I take 20K from the IRA and use it as a down payment on a property?
The property will cash flow about 200 per month. Is this cash mine to do as I ...
Adrian Zamora
Negotiating with the borrowers
Hello BP,If I have a non performing 1st lien note, may I contact the borrower to negotiate a payment plan or workout plan without having a mortgage broker license? Would I be able to change the terms of the original c...
Thadeous Larkin
What to do for tenant inconvenience?
Hey team - Would love your thoughts for this situation: (BLUF - my tenant has had to deal with appliance issues for almost a month through no fault of her own, and I want to try to make that right).My tenant let me k...
Rogelio M.
Lender "Mortgagee Clause" vs. "Additional Insured" on Insurance Policy to Property a
Ref: Lender "Mortgagee Clause" vs. "Additional Insured" on Insurance Policy to Property as CollateralHow specifically should a private lender be mentioned on the owner's insurance policy to a property used as collate...
Mark Davidson
Titling Real Estate in a Solo 401-k
I have funds in a 401-k plan from a former employer that I want to roll over to a solo 401-k; then, write a check to purchase an income producing property without financing.
A desirable property just hit the market ...
Matt Leber
Rental Property #7 - Melbourne, FL
Just closed on our 7th rental on 2-14-2020. The property is in Melbourne, FL. For the last year, I was having a hard time justifying market prices in our area and how thin the margins would be on properties I was an...
Germain Mopa
Lease option to sell/owner financing question
Hi All -I have a situation regarding selling my property. I am selling our duplex (one unit renting for $1100.00/month, and the other was owner occupied by us) due to relocating my family to the Atlanta GA area.After ...
Justin Golden
Getting a loan with self employment income
Good afternoon!I just recently separated from the military and my wife and I will be moving to Washington, D.C. I will be starting a business and my wife makes self employment income as well. Obviously this does not l...
Account Closed
owner wants walk away cash for short sale
A homeowner that contacted me from a yellow letter is willing to short sale her home. She owes too much. She is 6 months behind. The house needs a total rehab to be rent ready. She is supposed to talk to her mortgage ...