All Forum Posts by: Brian Huber

@Anil Samuel 

I'm located in VA and just applied for the class to get my 60 hours training. So is the State and Nation exam on two different days? Is it all one big test? Thanks and I appreciate all the info you've provided!

@Sean Connolly 

just checking in and curious to see where you're at on this. I'm thinking about doing the same thing!

@Dmitriy Fomichenko 

 I'm interested in pursuing something like this as well. Could I get that list of non-recourse lenders as well?

Thanks!

Hi, I came across an ad for someone willing to lease option their house. They wanted a non-refundable option fee of $2K.

Could I work with them to find a Tenant/Buyer, ask the T/B for a $4K option fee in order to profit $2K from this deal?

Is this possible? What are the pitfalls/issues, etc.?

Thank you for your insight!

Hi, I spoke to a homeowner who owes $200K on a 4/2.5 SFH. However, they are 6 months behind on payments and owes about $11K in back mortgage payments. PITI is $1500/month.

Comps are coming in at about $225-250K.  Is there any solution for this situation?

Thanks!

@Jason Pachomski , how did you find that lead?

@Bill Jacobsen 

How do you figure out "Cost of Money?" Thanks!

I'm no expert but it sounds like a short sale scenario.

@Cindy Bowman 

Thank you, I appreciate the reply:-)

The seller owns it free and clear and it would be balloon payment after 12 months.  By the way, one thing I was considering would be to lease option it to a T/B.  But let's say I buy it for $65K and lease option it for $68K with a $3K nonrefundable option fee for 24 months.  What happens if after 24 months, the home only appraises for $60K? What issues arise?