All Forum Posts by: Steve Babiak

Rich,

The package is still not here yet. My wife was there a few minutes ago and just called me to say still nothing yet. How did you send it - UPS, US mail, FedEx, etc?

Originally posted by nationwidepi:

...ability to get commissions on your own transactions and on referral transactions.
...

And many / most REO listings have something like "agent who is principal in the transaction receives no commission" or something like that. Basically, you get paid a commission, or you profit on the purchase - but not both; exact wording probably differs from what I wrote, but you should get the gist.

Originally posted by Marc Freislinger:

While we're on the topic of the dashboard, can we get a "more" button on the recent forum activity? People are too talkative and I cant keep up.

Marc,
You might prefer navigating the site from this starting point:
http://www.biggerpockets.com/posts/recent/filter

I think it will allow you to follow as you requested.

That owner would have to agree to sell it to you based on whatever terms are suitable. The loan company almost certainly will not disclose anything about the loan without prior (written) authorization from the borrower; in this case, the borrower and owner are one and the same.

Make a deal with the defaulted borrower if possible; otherwise you can buy at the foreclosure sale if you are so inclined (could be risky), or wait for it to become REO if nobody buys at the foreclosure sale.

Too early to phone citibank's reo dept - wait until it actually is an REO. And even then, good luck ...

Originally posted by Christopher Wolfe:

HA! Yes, that works very well. Thanks! So is there no way to search for a specific phrase in the forums from the BP search?

I really don't know that answer. That's a question better asked of and answered by Josh Dorkin. I just offered a workaround - and I'm glad it helped.

You might be better off trying Google :)

In Google, you can tell it to search a specific site with the 'site:' tag, so you enter something like this:

site:www.biggerpockets.com/forums/ "phrase you are seeking"

Post back here if it works or not, and vote the post if it works for you!

Originally posted by J Scott:

My advice to you (not that you asked)...get familiar with tax law, and never trust your accountant...

As much money as you can make in your business, a good accountant can save you most of it and a bad accountant can get most of it taken away...

JScott,
Sounds like a page borrowed from Rich Weese.
http://www.biggerpockets.com/blogs/575/blog_posts/2452-decrease-your-income-taxes-with-these-hints

http://www.biggerpockets.com/blogs/575/blog_posts/2749-obstacle-4-the-largest-wealth-eliminator-taxes-

But I agree with your good advice too.

What the OP is asking for may not be possible. The defaulted borrowers resort to many different tactics to stave off the foreclosure; I have seen houses scheduled for sale two days before the sheriff sale no longer be on the list the day before the sheriff sale. So the county site has the update on a daily basis in the area I look at, but will some outside source get updated as quickly? Could be hit-or-miss IMO.

This will probably vary by state, and even by county.

Originally posted by Marc Freislinger:

I hover a lot... But I can learn a lot more from you guys than you can from me I'm sure.

Marc,

I think you may be missing the point that Rich was trying to make. He wants all those who are new / inexperienced / uncertain to ask their questions in posts to the forums. It's the only way to get an answer from the BP nation.

So don't just hover or linger - ask away and interact.

Jeffrey,

I have a workaround for the thing you do not like. I use this link to access the most recent forum posts:
http://www.biggerpockets.com/posts/recent/filter

And then I see the number of replies; 20 replies fit on one page. If there are more than a certain multiple of 20 in the reply count, I will click on the time of the link (it says something like updated "1 hour ago" in the right hand "Last Reply" column) from that most recent post on a thread; it takes you to the page that has that post, so you don't have to flip past all the pages on the thread you've already seen.

Don't forget to vote on this post if it works for you!