All Forum Posts by: Jim Farrell

Thank you, @Scott Carson and @Kevin Cordell.  Good information. 

@Bob Malecki, if 12% is on low side for performing, what do you typically see?

@Donald Placide, was the realtor's client only willing to liquidate the entire portfolio? If so, do you recall what the asking price was?  If you're still in contact with the realtor--and his client would consider a smaller sale--I don't know whether we'd run afoul of BP's policy about "hawking" products, but I'd like to chat with him about that.

Thank you, @Bob Malecki  I will take you up on your offer. 

It's going to be held at the Hilton Newark Penn Station hotel in NJ.  I found this link to it, but it's skimpy on details, i.e. what's planned for each day:  https://www.eventbrite.com/e/noteworthy-east-ticke...

If anyone has any feedback from other conferences sponsored by this group, I'd love to hear it.

Great advice, @Bob Malecki! Thanks also, @Mike Hartzog--I've bookmarked the links and expect to consult them regularly.

http://www.fciexchange.com/fci-exchange-home.php

Thanks, @Dion DePaoli   I'd love clarity as to why, or in what instance, a mortgagee would still want to pursue foreclosure with a DIL in hand. 

Thank you all for your comments.  

Oftentimes in reading here, or in listening to various podcasts, I see statements indicating these could be 2 separate exit strategies for the buyer of an NPN. It seems they're more inter-related than separate.

Thanks in advance for your feedback!

Jim

Excellent way to structure your deal, Chris. Clearly they went with you versus the other "We Buy Houses" guys because you gave them the time and opportunity to get their lives in order. In a place --the home where they'd been living--they felt comfortable in. Even if they took the $75K from the other guy, they'd have to pay rent, possibly more than what you "charged" them in your discount. 

I'm guessing they sublet to the meth dealer without your consent, so you probably had recourse to evict them at that point.  Just curious if you thought of that option?