All Forum Posts by: Mark Flanders

@George Carrasquillo - I've just been totally defrauded by an associate of Charles Lee, Kenneth Lewis who still has an active BiggerPockets account. Have you been paid back by Charles?

Nixon, could I come look at this home on Wednesday by chance? I'd prefer to come between 9-10am if possible, or after 2pm until 4pm? Thank you! 805.432.3320 - [email protected]

@Ron H.

You are spot on, I should've written, rehab and LIST in 60 days. Thank you and I'll let you know!

I'm flipping a property in the hills of Orange County, CA & looking for a loan of up to $200,000. I pay a 12% fee (max of $24,000) when I flip the property. My goal is to rehab and sell in 60 days.

Message me if you're interested in funding.

Purchase price $1,240,000

Rehab $75,000

ARV $1,800,000

• 5421 sq ft
• 0.44 acre lot
• 4 bedroom
• 4.5 bathroom
• pool
• tennis court

Hi Ahmad,

Could you call me Monday to discuss this deal? I'm interested. 

805.432.3320

Thank you,

Mark

Hi there, I'm a new investor and looking to start up a live-in rehab using a 203k loan, any recommendations as to who I should contact that someone has had a good and efficient experience? Thank you very much!

@Wayne Brooks I appreciate very much your feedback here. I am struggling though with your hindsight 20/20 issue. Have you really bought a house at auction and you've thought to question the reliability of the bedrooms and bathrooms it has especially if public records confirm that? Also after you've broken protocol and spoken to the residents, and informed them their lives are about to drastically change they are going to give you a tour of the home? And you really would start interviewing them regarding the amount of bedrooms and bathrooms that they have? Get real, people don't start spewing personal information about the condition and layout of their home to a stranger. 

Hi Ruth, thank you very much for responding so quickly! I see what you're saying, however I was barred from trespassing on the property so there was no way to verify the interior make up of the home, so I was holding my breath that the interior wasn't in shambles but didn't think it was going to be no where near the bed and bath advertisement. I'm starting to talk to a lawyer, I'll continue that course, thank you.

Hi BP friends, I really am in need of some advice regarding the situation I've found myself in with Bank of America. I bought a home at auction (via www.auction.com) that was advertised as a 3 bedroom 2 bathroom home and the advertisement said that I was not allowed to contact the occupants or tour the home prior to the bid and so I proceeded to bid on the home (which is located in NC) Public records in Mecklenburg county showed the property to be a 3 bed 2 bath home and the title report I paid for also described the property that way. However once I closed on the home, paid my balance and received the deed, which all took place 30 days after the executed purchase agreement, I toured the home finally and turns out it is a 2 bedroom 1 bathroom home. When I called the auctioneer back, they stated that they can't help me because that's "part of the risk of buying at auction" and that I would need to contact the seller (BofA) and they wouldn't provide me their contact information.

The home was last sold in 2004 on the MLS by the previous owner to the owner that was foreclosed on as a 2 bedroom 1 bathroom home, and then it shows that the home was appraised and refinanced as a 3 bed / 2 bath home is 2013. Then foreclosed on by BofA in December 2015.

When we arrived to look at the home the front door was unlocked and the occupants had left. However there was a lock-box on the door which hinted that BofA had stopped by to lock up the property which means they could have verified what they were selling. Do you think I have any recourse here or is this part of the risk that I just have to swallow which I think is unbelievable! Thank you for reading this. Have you ever heard of something like this happening? I understand that if I had walked in the door and there was lead based paint splashed everywhere or if there was a sink hole under the house that I would have to deal with that, but for the property to not be anywhere close to how it was advertised and how it was valued by me to be so far off seems wrong. Can anyone help? Thank you!