All Forum Posts by: Eddie Starr

Since OP has knowledge that the person is illegal, that means that the person in question has committed a crime. That falls under "aiding and abetting a known criminal."

By "not caring and taking a stand," it is condoning the crime. If the person committed just about any other crime, this wouldn't even be a question.

If an American citizen had killed that woman, odds are stronger that "well, you didn't intend to kill her, but it's still man-slaughter," or some other crime.

Since the person's an adult, if I've read it right, then unless the person is something like someone who is autistic, then I believe that only they can fill out the app, not someone who won't live there.

If they can't provide a proper and complete app, simply state that until the app is properly filled out, then just like any other app, you can't accept an incomplete app.

This shouldn't even be a discussion, imo. Enabling or not caring them increases this to increase. How many times do we allow people who are deported multiple times, for rape, murder, and other crimes, before it's enough?

I'm wondering if anyone uses investor friendly agents, or helps train the agents for their criteria, to help with wholesaling.

My way of thinking is that I would be a cash buyer, using Transactional Funding, and sell the properties to my cash buyers.

I think my priority would be pocket listings. Lacking that, houses on the MLS that are 60% of the ARV, or better. Motivated sellers who may need a share of repairs, facing foreclosure, etc.

I know a lot of end buyers say "nothing on the MLS," or "I already have access to the MLS." But if I have an awesome agent with MLS access, who finds these deals, that I put under contract, and they can make a profit, I think most, or at least some, buyers would go for it.

For the agent, I can tell them that I pay all closing costs, which the Transactional Funders I've talked with said they cover, so that can be points in my favor.

I would guess that they'd collect their fee from their seller, and I would be able to provide them with repeat business, so wouldn't need to worry about the issues of "an unlicensed person paying referrals."

Anyone done like this, or have thoughts to offer?

I agree with Jay. If there's a site claiming a "list" of PMLs, like that, most likely they are HMLs, pretending to be PMLs, or scammers.

The only exception may be list services, which sell lists of people who've paid for properties using cash, data mining public records.

I'm not that familiar with that program. I am, however, on the Connected Investor Web Site. It's sort of like BiggerPockets, a social platform for various Real Estate Investors. 

The main advantages are that you can post deals, respond to them, and such, and don't need to be a Plus/Pro members. In addition, there's no limit to the number of connections you can have.

If you're unsure of the programs through CI, check out the main site. Join discussions and groups there, and see if anyone there can offer feedback.

Hello, BP! I'm sure many have had friends of family hear that "You're in real estate! Help me with this problem!" Here's mine...this is to help out my in-laws, the wife's parents.

What they are looking at is 3 parcels of land, owned by their "next door neighbor."

Here is the county GIS: http://idahoparcels.us/county/benewah.html 110 N 6th st is the in-laws address.

The 2 parts under it, starting with 104 N 6TH STREET, and the one on the bottom right, are owned by the neighbor looking to sell.

The couple, Jay & Dona, own it outright. Plummer is a very small town, and they've been trying to sell it since 2013, at least, when my in-laws moved in. A few properties have remained for sale for years, due to it being a small town, and the active mill. What they're wanting is between $30K - $35K.

I'm thinking is seller financing of the land. Then, since I'm not sure if the couple will want to hold a note, I'm thinking of also bringing up investors that buy performing notes, as an option to consider. 

I'd also be mentioning that there is a willing buyer--the next door neighbor!--who would actually have an interest in buying it! Selling it will bring them money, instead of having it be a drain, paying property taxes: highlight the negatives of holding it vs the positives of finally selling.

Any other suggestions for tackling this?

How many investors on BP have an App (or more than 1) for your business? What does your App include?

• Social Feeds from you social media (Twitter, Facebook, Instigram, YouTube, etc.)?
• News Feeds (Blogs, local news/weather)?
• Various Contacts (phone, sites, email)?
• Locations (Google Maps, Directions, Hours)?
• Events (Calendars, "open houses")?
• In App-Shopping (Ebay, Barcodes)?
• Chatting or other interaction forums?
• Form, Documents, Intuit Quickbase?
• Others?

If you don't have an App, but have considered it, what has been the reasons for not having one? Costs? No knowledge of how to create one?

What would you be willing to pay for having an App created?

Would you want non-intrusive ads in the App, with services that can help you and your clients, to have the App built at a discount, and to share in the ad revenue?

Would you prefer to have the source code, or would you prefer to pay a small, monthly fee ($40 or less), to have the App backed up on a server?

If you would prefer the App backed up, would you want any updates to be included in the back up fee, or a separate fee?

Thank you, everyone, for your feedback!

Are there any servicing companies or hedge funds that sell 1-off NPNs to small investors, and would they be worth the investment? Or would they only sell off junk, that wouldn't be profitable?

I was talking with someone who was interested in some farm/agricultural REOs. I found a couple of realtors who have a few. However, for some reason, the buyer hasn't been back in contact for almost a month. It could be he had some medical situation, it does happen. However, in the mean time, the work to find a couple farm REOs, and I no longer have an end buyer. Anyone out there buy farm REO, or know of a person or company that does?

@John Anderson and @Jay Hinrichs Thank you for your feedback. So, today, there probably won't be a lot of people looking to buy construction NPLs, from what I'm understanding.

So, as I'm the curious type, what would make NPNs in construction something investors wouldn't be interested in, as opposed to other NPNs? Is it that difficult to take over? 

For those NPLs by banks or other financiers, I would think that they would be just as willing to get them off their books, and have some recovery. Or is it more related to the actual construction side, that makes it something investors don't want to deal with?

Oh, and guys, my granny pushed to be 98, and still insisted she was young! ;)

Just wondering if there is anyone buying NPN/NPL construction loans, either residential, or commercial.

I saw a piece, and it mentioned that construction NPLs are rather overlooked, so wanted to hear from BP, as to if there's a lot of interest in buying up NPNs of construction.