All Forum Posts by: Zack Williams

@Jonathan Greene Thanks Jon, I appreciate the help . I'm currently trying to learn as much as I can about the whole process. I feel like it's pretty hard to get a idea of the appreciation in any area at this point with everything going on, but I could definitely be wrong on that.However, I understand that its vital to have knowledge of the areas you mentioned in order to have positive outcome. Thanks for the help.

@Kenneth Garrett Thank You Kenneth, what would be a good way of reaching out to a smaller banks with foreclosed properties? I have a partner that I work with who's able to provide an all cash offer but is it realistic to make a 100k plus profit on foreclosed homes in certain areas ?

are foreclosed homes a good investment? and will lenders give a loan on foreclosed homes or do you need all cash? 

@Randall Cornelison

hello Randall, I would be interested in connecting with your realtor in the OKC area if that okay with you . 

I know a lot of people get on here and talk about all the positive experiences they've had with real estate but just like in anything competitive, with wins also comes losses. Are any investor willing to tell a story about when an investment that went bad and how we could avoid situations like this in the future by doing something differently. I am starting the process of investing in out of state rentals so any advice on the process would be greatly appreciated. 

Have a great weekend everyone, 

Nice. great job

hey guys , im back again lol. sorry. will a forbearance have the same effect on a auto or student loan if I wanted to seek a home loan from a lender? im guessing it will have the same effect as any other forbearance, and you should always pay if you can. im a right? lol 

Thank you so much for all the help and input on this topic. I've came away with a lot of knowledge than I came in with and I plan on making sure I stay on top of my mortgage payments. In the long run it will hurt me more than my tenants if I decide not to pay because as an investor my credit holds weight with lenders and that needs to be protected at all cost. I'll get more creative in trying to get my tenant up to date on their payments to prevent this from happening again. 

thank you all and I wish you all the best.  

@Whitney Hutten

@Corby Goade

@Filipe Pereira

@Theresa Harris

@Bobby Stener

@Mike McKee

@Kenneth Garrett

@Matthew Paul

@Aaron K.

Thank you all for the great information, it's really helpful to see what others are doing in times like these. I'll make sure I pay my monthly mortgage to avoid any further damage to my credit history. 

would it be a good idea to ask my tenant to provide proof of loss of income? or how would anyone go about try to come up with a plan before putting someone on the street.

Thanks for the help everyone. 

I'm new to Bigger Pockets and I only own one property so im sure I won't get a lot of attention but even one reply would be appreciated. I'f we have tenants who either lost their jobs or just flat out refuse to pay rent during these times should us landlords continue to pay our mortgage on time? what assistance should we be seeking to keep from digging ourselves in a deeper financial hole? 

Thanks for reading, Zack