Sherilyn Spears
HELP!! REO Owner Occupant (or not?)
Hi all. I'm in a frustrating situation that I would love to get some opinions/insight on!I have recently submitted an offer on a foreclosed property that has been on the market forever. The MLS description even descri...
Bryan Hancock
Acquisitions Books or Checklists
I am in the process of writing a robust acquisitions document for a partnership and I was wondering if anyone can recommend some good documents to look at to compare with what I have started. I have a really good gui...
Prag Patel
Purchasing 4-Plex With Potentially Zero Current Lease Agreements
I'm having issues deciphering what this means and hoping the BP community could help me with this, or whether I should just consult a lawyer.Situation: Under contract to purchase a 4plex in Alabama. 2 units are curren...
Emanuel Pellot
Trouble Getting an FHA on My First Deal.
I am looking to invest in my first property, and I was looking to buy a multifamily to house hack. I am having trouble with getting an FHA loan because I do not have a 2-year work history. I just started working at my...
Mark Paes
Pre foreclosure confusion
I have a son of a friend who has come to me with a pre-forclosure. He's 4 months behind on a 1st and 2nd mortgage.
Looking at the numbers, it does not seem to be a good property to flip to an investor. But I would lik...
Reuben V Contreras
Application before seeing the property?
Does a tenet need to fill out an application before viewing a house/apartment or is it more reasonable for them to view it first before filling out the application?
Gabriel Kolendrekaj
I'm an Agent, one of my Sellers wants to invest in my flips.
He's looking to sit down and talk about it with me within the next 2 weeks or so. I told him I would have some information put together for him when we sit and talk. I'm not sure why I said that because I have no idea...
Francisco Gutierrez
Fee Simple vs Leasehold
Hello Everyone,I know this topic comes up from time to time but didn't see this asked so here goes...Is there a way to lookup (county site?) the years remaining on a leasehold property (and other details) or is it som...
Devin Dull
Closing a Refi Loan (Weird Situation)
Hello, I had closing set today for my cash-out refinance. The attorney/notary never showed up with closing documents to sign & rocket mortgage had already released the funds to my bank account. Did I just gain fre...
Chad Harris
Tenant payments after ownership change
Hi all,How do you normally handle tenant payments that are made to the previous owner after closing and before you can notify them of ownership change and new payment instructions? We asked the seller to notify the te...