Wes Burk
Why should a seller short sale?
Facts as per CAR attorneys:
1. FICO impacts are the same on SS and foreclosures
2. Banks will seldom if ever relinquish their right to recover on deficiencies
3. There will likely be tax consequences with SS and th...
Jeff Smith
Subject to vs. Wholesaling
How would I analyze a deal looking at using subject to and a note for the seller, vs just wholesaling the house.
my thoughts so far...
wholesale = $5k (assignment )
Selling L/O = down payment + cash flow spread 1 or...
Joshua Morgan
Need help financing 2x MFH properties
Hi BP,
I'm in negotiations with a seller on an off-market deal to purchase 2 MFH buildings on the same street. There aren't any other buyers competing with me (at least yet). Here is the situation:
Property A:4-unit...
Kyle Stines
Primary Residence, same rules as Investment Properties?
1.) I am wondering if real estate investors generally purchase their primary residence with similar rules as their investment property. I am about to purchase my first home and feel guilty for not being too sure o...
Kenny Gill
Seller Financing offer
I want to buy a property using seller financing. I need to draw up all of the paperwork & make the offer to the seller @ a price of 40k w. 5k down & terms of X per month for 84 mo's. My problem is that my la...
Kellyn Cameron
Question about Private Lending Using a Self Directed IRA
Hi Everyone..I was hoping that someone might be able to help me get some further clarification regarding private money lending using my self directed IRA. If I am understanding it correct, I need to set up an account ...
Robert Steele
Evicting the same tenant twice
I just won an eviction suit to get a non paying tenant out of my SFH. She's been there for about a year paying rent. She is not neccessarly a bad person. She hit a rough spot where her clients where not paying her. Do...
Cliff Bradshaw
Is this a Deal?
Pretty motivated seller wants to sell his old home to move to his new home. Here are the numbers:
Asking - 200k (way too high)
Owes - 165k
FMV - 170k thru 185k
He has tennants living in the home now but I don't kno...
Dannie Barlow
How do you do your late fees?
I have a rental house and the rent is due on the 5th of the month. I give a 5 day grace period after the 5th. Say that they pay on the 13 of the month. Do you charge your daily rate for them being late or do you let i...
George S.
Home line of credit question
I have a question specific to home equity line of credit. I will have 2 properties paid off this year. Total value is 325k. Taking lines of credit against the homes for down payments is often mention. How do new poten...