Don’t Let a Balloon Payment Burst Your Bubble
Selling a property on contract usually includes some form of a balloon payment in five, seven or ten years. While putting a balloon into a contract is exciting, you should…
Month: January 2011
So You’ve Gotten a Short Sale Approval Letter… Now What?
When talking about short sales, everyone focuses on getting an approval letter from the lender. From the day you determine a short sale meets your investment criteria, and you gather…
Not Holding on to a Tenant’s Abandoned Property Could Cost You!
Your tenant has quit paying rent so you serve him a 3-day notice to “Quit or Pay Rent”. Low and behold he does you a favor by abandoning the property.…
The Myth of “No Rehab” Rehabs
In the course of a typical week, I get to see and hear about a lot of properties for sale to rehabbers. Inevitably among them are properties advertised by sellers…
Justin Schnettler: Using BiggerPockets to Acquire Over $10 Million in Real Estate in Under 2 Years
Not many people can say that within two years of starting their real estate investing careers that they built a portfolio of property worth over 8 figures, but Justin Schnettler…
Short Sale HUD-1 Approval Is Not Just a Formality
At the very end of the short sale transaction, when everyone has totally lost their patience and is thrilled that the deal is finally going to close, the banks generally…
How to Raise Money for Your Real Estate Investing
“It is natural to indulge in the illusions of hope. We are apt to shut our eyes to that siren until she allures us to our death.” – Gertrude Stein.…
Buying Notes at a Discount: Perfect for Real Estate Investors with Cash
Sunday was fun, as some of us at BiggerPockets enjoyed lunch together in Hollywood. It was cool talkin’ with investors — beginners up to battle scarred vets. One of them,…
Submitting A Short Sale Package
So…..You’ve evaluated a potential short sale and decided that it meets your investment criteria. You have the information you need from a listing Realtor to submit the short sale package…
What are the Differences Between Manufactured, Modular, and Mobiles Homes?
At first glance manufactured homes, modular homes, and mobile homes may all look the same, but be aware there are many subtle and obvious differences both inside and outside between…
