Ivan Reyes
protecting yourself using wrap financing.
We're purchasing a home using seller financing and a wraparound mortgage. The seller is the owner of the house we've been renting for 2 years.
My question is what protections should I be thinking about to make sure t...
Marcial J.Paredes
Please read, need advise
According to the laws in AZ, I can only sell 2 MH's p/year without having a dealers license. I spoke to a contact of mine a few weeks ago, who is a salesperson for a local dealer and he mentioned to me that he works...
Lynn Dickerson
Is the seller liable in a subject to deal?
I have a motivated seller that has little equity in her home but I'm wondering what would be the best way to explain the type of deal I think would be best, a subject to existing financing. She doesn't want to be resp...
Daniel Hart
Do you ever sell deeds back to homeowners?
I am trying to develop a packet to send to former owners of property that I have purchased at auction. I am giving them an opportunity to buy the deed back from me for a reasonable amount. I will even finance that a...
Nicholas Renshaw
Instant success with yellow letter campaigne.... but now I need help.
Hifirst and foremost, I just want to say that I am new to the real estate investing business, but would appreciate any help anyone could give.I recently began a yellow letter campaign last week, sending out 100 letter...
Kaloyan Karamanov
Mortgage issue with Lease options
So I'm currently studying the lease option strategy and a question popped up. Initially when I get the option on someone's property which is still being paid to the bank, what happens with the mortgage? Is the mortgag...
Mark Safrin
Invesor ring artificially boosting property values
How common is for a group of investors to sell properties amongst themselves to inflate the apparent value of the property before approaching a HML to draw out the value?Came across one such group. If I understand it ...
Moshe Levy
Joint Venture Fraud Alert + Advise requested
I entered into a Joint Venture with Ron Sharrod, Amy Sharrod (since divorced) + Don Jensen + Esther Jensen From Sacramento. The numbers looked good. 440K purchase price, 200K rehab for a 900K ARV. 6 months turnaro...
Kenneth Garrett
Will Forbearance Develop into Foreclosures in 6 Monthe
COVID-19 has created havoc in the RE sector. Tenants can’t be evicted and Landlords have to pay there mortgage. Is there something wrong with this picture. I acknowledge the fact there are loans/grants to apply for...
Roshan T.
Setting Up Rental Property as an LLC
Hi BP community,Rookie here looking to learn how to set up the "business" of rental properties. - Incorporating an LLC,- Opening a bank account for LLC- Establishing accounting book- Working with CPA's, attorneys, etc...