My question is when someone goes into a loan forbearance, why does the loan company put a suspension on payments?
My neighbor at one of my properties in PA missed 3 mortgage payments. Her mortgage company gave her a...
Greetings, BP! My husband and I have been lurking on this site for the past month and finally decided to create an account on this special day -- we officially closed on our 1st investment property today! A little abo...
Hey BP,Here is the background before I get to the main problems and why I am now feeling "uncomfortable."I closed on a property in January of this year. It was a cash deal and everything went smoothly. I am now in t...
let's say I offered to carry a 20% note to move a property quickly, and found a buyer. I would assume their lender would be in first lienholder position. If the buyer defaulted on the loan (s), wouldnt I be last in li...
So I am currently looking into purchasing my first home from Auction and I have no idea about how the process works other than you buy "as is" and must have cash for your bid. But, this property seems like its the fa...
Hey BP,For those of you purchasing foreclosed homes through a county held auction, are you running title searches on each and every home you intend to bid on?I am considering purchasing from auction but don't want to ...
Looking into DSCR loans and they seem to be a pretty good option for someone starting out. Why is there little discussion on these loans. Is there a catch or am I missing something?
Hi, I finished my first run of the brrrr book and I could use some clarity on some parts of the strategy.1. What does the refinance portion look like of the brrrr strategy?Do you now need a down payment because you ar...
Hi All,I am trying to get into hard money lending. I unfortunately don't have the money to do it on my own but thankfully I have a partner that is ready to jump in. My main question is I know in order to be really suc...
I'm looking at doing my first Subject To deal. Do you guys recommend any attorneys and/or title companies in the Des Moines area that are knowledgeable in this?TIA!!