Arthur Doss
Chicago Pre Foreclosure
What would you do . I have a guy that desperately needs to get out of his pre-foreclosure. In Maywood , IL he said he currently owes 130. He told me he was drunk when I called him so he told me to call him tomorrow on...
Brian Leigh
How do I pay off LOC without refinancing existing mortgage?
Hi Everyone! I recently finished up my first SFR rental property in Fayetteville, NC. I purchased the house using a 15 year term 7/1 ARM at 3.85% APR. I financed the rehab using a 7.5% Interest Only Line of Credit. T...
Alexander Ray
Most Newbie Question- What are the components of a mortgage?
?: What are the components of a mortgage, is it only interest, principal, tax and insurance? How do I reduce each one of these costs? Does anyone have any strategies they can share? Any Oklahoma based strategies?Hey e...
Michael Spearman
First-Time Buyer in Seattle Looking for Advice
Hi BP, I'm new to real estate investing and I'm getting ready to buy my first property, however I'm looking for some advice on my plan before I start seriously looking for my first deal. l've decided to look for my fi...
Scott Seydor
At what point does rent get too high for the neighborhood?
I'm looking at a large 5/1.5 in a working-class neighborhood. I'm still very new at all of this, but recently purchased a similarly-sized house in the same neighborhood that came with tenants that just resigned a lea...
Cyrus Dixon
Pre-foreclosure Negative Equity
I have a motivated seller that owes $220K in a area where homes sale for $110 max, the house just entered pre-foreclosure.Her husband put a 2nd mortgage on the property to help with medical bills and passed away short...
Wayne Woodson
Is House Hacking Even Still Possible In Nashville?
I am trying to buy my first duplex in Nashville and almost everything on the MLS is $300k and up. The few properties I've seen below 300k won't accept FHA or conventional. In addition to that these things are currentl...
Paul Wakefield
What does the cash flow path look like?
My wife is under the impression that you can’t make money on Real estate until a home is paid off. It’s definitely a point of contention for us. Can someone tell me what the path looks like to financial freedom? If my...
Eli Hibbert
Beginning with a house-hack
I'm hoping to start my real estate journey in Salt Lake City with a house-hack. My goal is to find a first property that will allow me to live for free and save up for the next one. I've begun running the numbers on s...
Liam McLaughlin
Using an RMLO with owner financing
Hey everyone,So I'm looking to buy a house and resell it via owner financing; from what I've read and researched it seems like a smarter decision than renting it out. Now, it seems smart to hire an RMLO to originate t...