All Forum Posts by: Christopher Evans

Hello BP Members,

I was recently approached by an acquaintance for private lending for fix/flip.  I have never privately lent but am intrigued by the opportunity.  If I were to draw up an agreement what should be included to protect myself and my money and, while I know lenders vary in points/rates/terms, what would be a good place to start for assets in the OH area.

Thanks in advance. 

@Bob Malecki I am learning along away. Still continue to read and pick up as much as I can from the likes of yourself and all the others who have been pioneers in the industry. I appreciate all the education you provide to new comers such as my self.

Leighann Davis I think I’ve made pretty good progress. I JV’d on two deals and made decent returns on each. About three months ago I closed on an asset on my own and two weeks ago closed on two more. Won’t hit my goal of 8 I don’t think as it’s hard to get access to large tapes (at least in my eyes) but I will keep plugging away. How has everything been going for you?

Thank you @Don Konipol and @Chad U. for the response and the insight. It is starting to seem like this CFD will take down a path we do not want to travel.

Thanks Bob. Appreciate the response. I guess we will keep probing and plugging away.

Hello BP Note Investors,

Recently had a bid accepted on a CFD in AL. Received the collateral files, reviewed myself for any red flags (break in chain etc) and then sent the files to the lawyer who was recommended by someone in the note world. To my surprise the lawyer wants a 30 yr search on title rather than the one owner search. I was told in AL this is the only way to get an insurable title. Also to note, it being a CFD, the lawyer seemed perplexed by the inclusion of landlord/tenant language. I was also told that because the mortgage does not contain a power of sale clause it can not go through a non-judicial FC. Am I missing something? Should we seek out other recommendations? Any advice would be greatly appreciated.

Hello BP Members, I am hoping some of you may be able to help me. I am looking to expand my network to include wholesalers or those with access to off-market properties in the Alabama region. My goal was to purchase in the area and perhaps fix and flip. If anyone would happen to know any wholesalers or perhaps investor friendly realtors I would greatly appreciate their info. Thanks for your consideration.

Thank you all for getting back to me.  There is a lot to think about and much information to learn along the way.  I look forward to picking all of your brains when the time is right.

Hello BP members,

I am new to REI and have taken a keen interest in buying notes, specifically non-performing notes. I have spent the last 4+ months reading and studying on the topic and plan to attend a few conferences in the next few months. I have a partner who also has been aggressively educating himself as well. We have spent the first few years post graduate schooling starting up an anesthesia staffing company and, as it now is doing quite well, can begin to turn some of these profits into present and future investments.

My question is this: How do we go about finding a JV partnership? We have the capital to invest however want to start slow and learn the intricacies of the business. Our first few investments are for returns of course but mainly for education as we both want to do this the right way to increase our chances of success.

I would greatly appreciate any input you may have into the matter.

Hello BP members,

I am thinking about investing out of state. I know having/knowing people in the area to vet these properties and lay eyes on them is a big part of mitigating the risk associated with out-of-state rentals.  I was wondering if anyone had any tips as far as how to do your due diligence if, in fact, you don't have those people you can rely on.  Any tips would be much appreciated.

Chris