One concept that I can not seem to wrap my head around, is offering a homeowner less than the amount of money they owe on the property’s mortgage. If Steve owes $100,000 to Bank of _______ and based on the math, I, as...
Hello fellow BP'ers.I have a home in Northern Virginia that is currently my primary residence. It's a nice, 3 BR townhouse in a terrific neighborhood with great schools. I think it would be a great property to rent as...
It sounds like a really good idea to get the data when homeowners are just behind, before they've even received a notice of default. But A) it's pretty expensive, and B) when I called to ask a few questions, the m...
When doing a short sale, would it be legal/doable to offer money to the homeowner? I'll include it in the contract and hud statement so the bank will be aware of all the details in the transaction. Just curious i...
Hope everyone's doing well,My partners and I have been looking on the MLS and Craigslist for a SFR 3/2 in the Arlington area for our first investment. Would really like to find something that's not listed but since I ...
As a superintendent for a production and semi custom builder I'm expected to be as organized as possible. I'm very much old school when it comes to calandars and home specs in paper form. I'm curious to know if there ...
Has anyone here used a 203k loan? I get the concept of it and sounds like a valuable resource, but people tell me it is hard to qualify for and not worth it. Any second opinions?
I am in south Florida looking to purchase a vacant/abandoned property. I pulled the tax record on the property and was able to find the owner listed. The problem is, it's a real estate trustee company and I can't fi...
I just had some clients close on a new house hack for $0 down. The numbers on this are pretty incredible so I wanted to share:
purchase price: 539k
Down payment: $0
Closing costs: $12k
Seller credit: $6k
Inter...
I bought a new construction in 2006 and it comes with a 10 year warranty. As the time is coming up, Im' wondering what to do with it.What do you guys usually do? Do you just call over someone to take a look at it and...