A prudent investor doesn't seek quick riches through shortcuts.

The trustee, borrower or bank can ensure you get your hand slapped hard for approaching the circumstance as a work-out or foreclosure fix it guy without a license or being an attorney.Let's say that we can approach the owner and be in compliance, which you can.You will not purchase a note as an individual investor from a bank that has started foreclosure by making an offer like that.You get a request from the borrower for the bank to sell the note in lieu of payoff as demanded.

Is this something you've ever done as an individual landlord, or is this something more for larger multi-family properties only? 

When you do that groups of people will apply, rather than random individuals.

Readers should seek professional advice.

It may be best at this point to just seek the guidance of an attorney to see what your options are moving forward.   

You will have the opportunity to meet like minded individuals with all different levels of investing. 

It recently dawned on me the idea of a non military affiliated individual assuming a VA loan, would this individual be able to then also gain the benefit of using an IRRRL since they have now acquired a VA loan through assumption?

Hi everyone,

I’m a novice investor currently managing one short-term rental (STR) that’s been performing well. The property sits on 5 acres, and after a successful first year with cash flow, I’m exploring ways to e...

Remember, a prudent investor doesn't seek quick riches through shortcuts.