Xai Xiong
What would you do? Is there any way to help this guy out?
I'm offering 55k on a 75k property with a conservative ARV of 120000. The rehab project has been somewhat started but can no longer be completed due to health issues. But after a walk-through, its seems there still ne...
Brandon G.
Equity from one investment for down payment on another.
I would like understand this concept correctly.If I purchase Property A-Duplex for 70K and it is worth 100K and I put 10K down, I will then have 40K in equity in the property upon purchase. If I would then like to pu...
Jamie Lennox
Do it Yourself Closing on a free property (Allegheny Pittsburgh)
Dear Bigger Pockets community,The Situation: I have contacted an out of town property owner in Pennsylvania who is willing to give the property away if I take on the back taxes. Even with a rehab the ARV would be low ...
Stephan Haas
eviction issues
hello,So, I am in the process of eviction, and 3 days before the tenants were told to be out, the tenant from apt 3 does an arm robbery on the tenants in apt 1 and gets put in jail. Does a writ still need to be filed ...
Linda L.
Provide Transactional Funding
A-Seller, B-Wholesaler, C-End buyer
When you provide transactional funding to B as a lender, what are the things that you need to watch out for?
C provides non refundable deposit. Is there a % to the fu...
Nicholas R.
Hello from New Jersey
Hello All,
I'm a beginning real estate investor in central New Jersey. I am employed full time. I own my home with about 40% equity, and was able to put a down payment on my mother's residence. Other than tha...
Jarlen Martinez
Refiancing
Here my situation I'm recently filing for divorce, I own a real state property in which is currently paid off and worth about 85k. My ex wants me to buy her out at 35k, due to the fact that I'm filing for divorce my c...
Aaron Frances
Cashout refi Chicago conventional vs fha pmi
Im looking to do my first cashout refi in Chicago and was quoted a 4.8% on 30yr or a 4.1% fha on 30yr. I owe 192k and arv we are guessing is 350k so all I want is 60k to pull out. That gives me a new mortgage if aroun...
Todd Baldwin
Collecting Rent During A Pandemic
Hello fellow investors!
I have seen many landlords who have missed at least one month's rent in 2020. Some landlords have missed several months worth of rent. I know a few real estate investors who have "forgiven" ...
Art Maydan
Security Deposit Amounts? Last Month's Rent?
I'm getting ready to rent my first unit in the duplex I just bought. I can't decide what to charge for the security deposit and whether or not to ask for the last month's rent up front. I don't want to scare people aw...