Judy Sumner
Hard money loan default
I made a hard money loan and the party has defaulted. I've lent out money several times before, but this is the first time the party has not been able to repay on schedule. It isn't a federally backed loan, so I'm not...
Clifford Hover
Eviction during covid outbreak
Now that all evictions have been halted due to the pandemic has anyone heard of any landlord relief for mortgages and maintenance obligations. I'm sure i'll have better odds buying power-ball tickets but hopeful.
Jordan Archer
When purchasing subject-to, how will the seller acquire another mortgage?
Hey BP,So, if I buy a property sub2, how will the seller be able to finance another property when they are tied to a 30yr loan? Are they stuck until that loan is paid off?Just trying to think of all questions a seller...
Derek Rocco
Creative way to fund my first deal need advice
Well bigger pockets hasn't let me down yet, so I am hoping someone can help me with this one.I found what I think is a pretty good deal, but it's just a little bit out of my grasp.Details:Asking price for the house is...
Darren S.
Need help analyzing a commercial RE deal
Hey BP folks - so I'm considering my first commercial RE investment (5 units). Here's the basics:480k price, 25% down60k annual rents 6k annual taxes3k insurance3k utilitiesGood location, low vacancy rate (assuming 6...
Edwin De leon
Where would you buy for home value appreciation Bronx Ny or CT
Why would be the reasons why you would recommend me to buy a 1 family in Bronx NYC, as opposed to PA or CCT ?The main reason I am considering Bronx NY is that I think the house value will appreciate higher in the ...
Christopher Koechle
Chicago - SpotHero Parking
Does anyone here use SpotHero to list any of their parking spaces? I recently joined a partnership with SpotHero earlier this year for my extra space and have had continuous issues regarding on-time payments and commu...
Dennis Degelmann
Buying property Subject To currently in probate
Hi all,I found a property where the owners are deceased and a $90k mortgage remains. Am I allowed to purchase this property ‘Subject To’ and take over payments, to relieve the executor of the mortgage payment burden? ...
Patrick Bartlett
accepting a holding fee
Hello allWe are considering accepting a holding fee from a potential tenant that will go towards his security deposit when he completes payment of security deposit and first month's rent by a specified date. If he fai...
William Barr
Seller-Financing - Agents/Attorneys
When setting up a seller-financed deal, is it usually recommended to use a real estate agent to facilitate the deal? For those that may have closed on seller-financing without an agent, how did you do it? Also, is it ...