Billy Bob
No primary mortgage because too many rentals?
This is a new one. I called a well known CU about a mortgage on a primary residence. They said if you own more than THREE rentals they will not accept a mortgage application on a primary residence. This is even if I o...
Reggie Rearden
To continue with our salon or lease out
So we are in a little situation. We have a salon in the Aiken / North Augusta SC area and charge booth rent. The rent total from all (5) stations is $420/week when rented at full capacity. The issue is its been almost...
Eric Hollowaty
PA Attorney Recommendations re SFR junior NPLs?
Can anyone provide any referrals to cost effective, responsive attorneys they hold in high regard who might have the interest and capacity to work with a new client (me) on residential 2d NPL note borrower comms/worko...
Steve A.
Questions About Joint Venture Deal
Hi!
So I am in a rather unique situation where I made quite a bit of money suddenly and thus cannot obtain financing for investment properties, since it's based on the DTI from my W2, which I have already max...
Calixto Urdiales
Really off topic! Talk about Workouts....
Okay since I got into the REI game and realized how much money there is out there I am constantly on the computer comparing deals. And ever since this happen and me passing the state where my matabolism works faster t...
Ahkisha Howard
Contract or no contract???
Good day everyone, I am finally going to get my feet wet in the real estate world. I have an investor that wants to invest in my area but lives in another state. He gave me his criteria and I told him that I would loo...
Ramesh Nyberg
Seller Financing in Florida- do you need a license?
I see a FSBO sign. I knock on the door and say, I'd like to buy your home, but I'm low on cash. Will you do an owner-financing deal? He says YES, and we sit down and work out the terms. Guess what? According to the Fl...
Wesley Pittman
Go Ahead And Crash And Burn On Your First Deal - It Will Work Out
I just created a blog post on my first real estate deal which was a total disaster. In spite of all my mistakes, it worked out really well, and since then I've grown my real estate business to have more rental units, ...
Jeff Oben
I want to add value!
I want to add value for investors in NE Ohio. I am brand new to the area and will be opening a new location for a rapidly expanding home services company. In this capacity I spend a TON of time on the road in differ...
Jonathan M.
Ideas for a MFR restructuring?
Hi -
Looking for some ideas on structuring a MFR workout situation. Basically, the current owner is underwater and will take a haircut but is not willing to walk away completely.
My group recently complete a reno...