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Results (6,913+)
Curtis H. Possible $100K Wholesale?
11 July 2018 | 9 replies
The sister won't let up on the amount she wants, and since the house is in her name, she holds all the cards.
Leighann Davis Why do experienced investors JV on notes?
23 July 2018 | 28 replies
They then take those notes and package them with others from similar purchases and sell them along with their analysis to private investment funds.This leaves 45 notes from a package of 1,000 that three professional investment funds, doing intensive analysis by highly trained MBAs, have determined cannot yield even a minimal investment return.These are then offered to the individual investor, who according to those in the industry “with something to sell” (the leftover NPNs and/or “training”) can profit enormously by (1) making them re-performing notes or (2) foreclosing and selling the property for large profits.The pitch from those “with something to sell” is twofold: (1) “There is plenty of meat left on the bone” (actual quote), and (2) if you send the borrower a complete package of all docs, weighing, say, five pounds you will “shock and awe” him into paying on the note.I highly doubt either of these claims have even a micron of validity.The parties with a financial interest in you buying into this will cite isolated instances of great success, never mentioning the all-more-frequent instances of total failure.So at the end of the day the training promoters have collected up to $30,000 per person for their NPN “mentoring”/”coaching” program, the retail asset disposer has made 50% to 100% profit on their inventory, private middlemen have turned a $2,500 investment in a note into $16,000, and my sister-in-law who purchased 5 NPNs over three years ago and has spent large amounts on attorneys, taxes, and brokers has yet to see a penny in return.To paraphrase, if you don’t know who the sucker is in any ultra-high profit promise situation, it’s you.
Fellnix F Sanchez How to Wholesale a house that isn't owned by current owners
7 July 2018 | 3 replies
You can't proceed until you are talking to the owner and it doesn't matter if the occupant says they are the sister of the uncle of the cousin twice removed who is currently on vacation in Tahiti and that they can talk for the owner.
Alexander Gonzalez Hi biggerpockets i need your help
7 July 2018 | 2 replies
In the process of being kicked out of my girlfriends childhood home and her mother supporting her own parents and and house payment splitting it with her sister including lawyer fees to keep the bank at bay for as long as possible before eventually being kicked out they still found the time to help me with anything that i needed from groceries to a ride to work and asked for nothing in return.
Allison Panila Landlord changed the contract after signed
7 January 2022 | 47 replies
I think the relationship with the landlord was fine and dandy and then this came as a surprise addition (the "no friends/guests without extra pay" part...forget boyfriend...this holds true for her sister, mom, dad, ME!
Joel Fine Multi-family owners: what are you paying for water/sewer?
10 September 2018 | 6 replies
I have two duplexes with one unit occupied in each at the moment and the bills are vastly different...I have one unit occupied by a working brother/sister/baby. 
Maria Luna Is it safe to invest in Detroit???
16 October 2018 | 93 replies
My little sister lived in Detroit for a long time. 
Nick Charles Using a gift for Investment Property
7 September 2018 | 0 replies
She already owns a home and we are in the process of purchasing a property for her sister.
Susan O. 1031 Exchange for Joint Tenants
4 August 2022 | 19 replies
Some great info and knowledgeable resources on this thread so hoping to reignite it and get some feedback on my situation :)1031 exchange Co own multifamily with sisterI co own a multifamily with my sister.
Brandon Styles Tenant Abandonment - Need Advice
3 February 2019 | 8 replies
She knows he has a new place and is just being a jerk and to make her suffer (his own sister who helped them when no one else would).