Hi all, Am excited to engage with the BP community after being in the industry for 9 years! Have a ton of experience in the rental market, and ground up development including industrial and retail.  

He said there was no equity in the property and yet he walked away with money at closing.So, he buys a property that has no equity, uses an unsophisticated gator lender to overfund the deal, above the value of the property and he gets cash out.For those of you in Rio Linda land, that means there is nothing protecting the gator lender.

I feel fortunate to find that one and the land its on is up zoned it will allow multi story mixed use commercial and resi and STR and is in the biggest city of the wine country in Oregon so upside along with it..

A few weeks back I had an out of state client land a turnkey rental for $275k in downtown Sherman with a long-term tenant in place paying $2275/mo.

Hi was was wondering if anyone here in Chicago or surrounding areas have purchased from the cook county land bank and if so what kind of loan did u get if any to buy and fix it up or develop a property any info would be very helpful thanks

But since you are in California, a land trust might be a better route.

./ current tenant renting for 6mo).LOFTI have plenty of land for detached ADU /their own yard, driveway & entry with the goal of a 1 bedroom/1 full bathroom downstairs & a bedroom/powder room upstairs <so 1 & 1/4 bath>...

In order to facilitate a 1033 you would sImply use those funds to either rebuild on the land, or the replacement can be a new investment propert purchase.

That's a CRAZY low ball offer!

The last I saw about Clayton he was pushing properties or vacant land in TX.