All Forum Posts by: Doug N.

Wholesaling can be a lot better than flipping for a lot of reasons, and with the right inputs, etc.

And I suspect *extreme* wholesaling is even better, judging by the superlative? 

@Errin PiersingWelcome to BP! @Alex Chin is always very helpful and has a lot of good advice. BP in general has the best REI posts anywhere, imo.

I posted a list of books to read on a recent thread somewhere, you can check them out if you are really into reading, or pm me if you can't find it. 

I see a lot of really nice tear-downs in West Seattle that are probably getting a *lot* of postcards, a lot with partial views, and some could also be rehabbed. If you are good with people, that's a rich area to find some wholesale deals (ie in person visits are more productive, I think, esp with desirable properties).

Best of luck!

I swear, BP is getting better every single day!

Solution 1) Leave some firearms accidentally laying around the front yard and porch. Wait for the medical examiner to clear the property for you, and re-rent.

Solution 2) Watch a lot of Dr. Phil, Oprah, etc, and try to emulate their 'solutions' as closely as possible. Or just use solution #1.

Best of luck! 

Local court is always better than most forms of modern entertainment. I once saw an eviction in which the plaintiff's sole exhibit was a crumpled 11x17 color laser print. One copy. And... wait for it... she had representation. 

@Nick NoonGreat post, and I don't think it's a rant at all. You are actively listening to the criticism, re-framing a lot of it, and using it as motivation. That's called a positive outlook. 

Best of luck, and post some more writing!

It seems that this is an extremely popular thread!

@Steve Vaughan Thanks too much for your long and detailed reply. There's a lot to study there. Much appreciated! 

Take it easy/

Hello BP Nation - 

I have seen some interesting references in a few posts about rehabbing paper (converting non-performing or under-performing notes, I believe), and though I have searched high and low on BP, it seems to be an elusive subject - or maybe these search terms are too common for relevant results. 

From the little I have read, my best guess is that it's no small game of skill - evaluating the note(s) for performance potential (and possible fraud?), somehow convincing the borrower to pay again, and... (lots more here). @Steve Vaughan referenced a bit about this in a recent post about tired landlords. 

I am a little reluctant to post such an open ended question, and I could probably figure it out on my own with a few quick searches, but the terms are too ambiguous to get any decent results. If anyone has better names, or a few gap-fillers, that would be much appreciated. Thanks in advance!

Great post, Doug. I'm voting on it for sure!

@Bill S. Awesome facts and data, thanks for coloring that in!

@Brent Seehusen I voted on your post simply because of your awesome use of the word 'braggadocious'! I will be using that word all day long today - and I will credit you if anyone asks! PS: Nice chopter.

 Same poster. Same thread. Same day. 

Let's all try not to laugh too hard here.