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14 February 2025 | 4 replies
The most common foreclosure rescue scheme unfolds when a homeowner receives a solicitation in the mail that promises short-term financing from a 'private investor' offering to pay off a delinquent loan:The homeowner is told they can stay in their home and rent back from the 'investor'The homeowner is convinced to transfer the title of the home to the 'investor' as collateral.
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4 February 2025 | 10 replies
Another example is that with a tax auction it is common for all the interested parties to not be notified 100% correctly meaning they could in theory come back later and try to reverse the sale and take the property back!
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12 February 2025 | 4 replies
. $1500 for a lawyer so its just common sense to not use a lawyer and throw the $ away.
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22 February 2025 | 4 replies
On the other hand, it’s quite common for non-performing note investors to get wiped out on a significant percentage of their loans.
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5 February 2025 | 6 replies
In person is better than over the phone if possible, as I have been told by annoyed or lazy clerks "NO STR allowed" as that was the easy button to get me off the phone, or if they are anti STR.
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15 February 2025 | 4 replies
Per lender's requirement, the title is held by individuals as "tenants in common" rather than LLC.
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11 February 2025 | 16 replies
This is one of the most common challenges in the LA County community on BP.
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31 January 2025 | 42 replies
Most people use their phone and it’s a pain to stay logged in on your phone.
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14 February 2025 | 21 replies
However, a common benchmark is aiming for at least 6-8% cash-on-cash return based on your total investment (purchase price + rehab + closing costs).Always factor in appreciation potential, tax benefits, and personal risk tolerance.