All Forum Posts by: Evan Jacobs

Great. Looking forward to meeting you

Hello, is this event still on??

Hello BP,

I am interested in acquiring homes in my area that are bankruptcy assets. I am looking for enough basic knowledge to attempt to reach out to sellers (or what I assume I'm supposed to reach out to, the trustee(s)).

I am seeing primarily chapter 7 and chapter 13 bankruptcies in my data searches, in what ways do they differ? In what ways are they the same? When should I know to contact either the homeowners who are in active or pending bankruptcy, or the trustees? 

Many thanks to anybody who has insight or experience on this matter, and Happy New Year to you all!

Awesome stuff, man! Good to hear that deals like this are available out there in our area. On to the next one! Good luck

Hello,

Anybody know any attorneys in the area (preferably in the South Shore) who has creative financing experience or expertise? Looking to close on a property with a wraparound mortgage. If anyone has had any good experiences with someone, I’d appreciate a good recommendation. Thanks!

Hello,

Anybody know any attorneys in the area (preferably in the South Shore) who has creative financing experience or expertise? Looking to close on a property with a wraparound mortgage. If anyone has had any good experiences with someone, I’d appreciate a good recommendation. Thanks!

Totally missed the boat on this one, but I am interested in future dates

Hello everyone, I would appreciate some insight from you all as I have a family member who is in a bind. I have come to learn that this person is in default on their mortgage and the pre foreclosure process has begun. If my estimations are correct, he owes approximately $190000 on a home that in my local market could potentially command $240-250,000. My wife has an acquaintance who is looking for just about the type of home spoken of above, and she would be a cash buyer upon sale of her home which is on the market. So naturally, my wife asked me if there was a possibility to help both of them and I answered, “I think so!” So I am looking for some advice as to what the process might be if this might be able to happen for them. What would be needed to halt the foreclosure process? What would the bank require? Any and all insight would be great. Thanks BP!!

Hello everyone, I was wondering what some of the highest LTV home equity lines of credit some of you have been able to secure, primary residence or otherwise. Before I get warned of over-leveraging myself to invest, I intend to use it for accelerated pay down of my primary mortgage (see Clayton Morris' new book "How to Pay Off Your Mortgage in 5 Years"). Thanks! Evan

Hello everyone, I'm hopefully going to look at my potential first investment property tomorrow which is an off-market deal. This will be my first time even looking at a property other than my primary house. I will be financing this property creatively so I was hoping to get some advice on what I should be doing beyond checking out the property for potential problems. As I will not have my financing squared away prior to visiting the property, how should I approach the seller? Should I bring a purchase contract with me, be prepared to negotiate and hopefully lock it up immediately? I will be spending the night analyzing and running numbers so any advice on this would be awesome. Thanks everyone!