Tommy Ray
Super leverage, long play, short term down market moment - played like a pro
15 August 2024 | 0 replies
I did pledge assets to cross collateralize.
Cody Z.
What happened to David and Rob on the BP Podcast?
19 August 2024 | 52 replies
Over the years, Marvel started creating spin-off stories and ridiculous cross-overs and alternate universes.
Cooper B.
Clarification on Right of Redemption in Alabama
20 August 2024 | 50 replies
Regardless the odds of redemption are so low that it is worth taking the shot, just dot your I's and cross your T's and document everything well with before, during and after pics.Good luck.
Michael Mattingly
Seeking property manager in Las Vegas
15 August 2024 | 6 replies
@Michael MattinglyRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
Jorge Farinas
Getting back into lending
14 August 2024 | 10 replies
The only way I thought I could protect myself better in this situation if I were to decide to move forward would be to cross collateralize by taking a first lien on a separate property of the borrower.
Jonathan Greene
The 5 Biggest Mistakes New Investors Are Making Here In The Forums
19 August 2024 | 244 replies
I personally am more restrained in calling someone sensitive, thin skinned, etc than Jonathan but you have crossed the line to were I share his belief.
Ming Li Herrera
Syracuse Property Manager
14 August 2024 | 4 replies
@Ming Li HerreraRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
Jarrod Ochsenbein
Private lending in 2nd position
15 August 2024 | 29 replies
For me I use; 2nd lien on target property or cross collateral property deed of trustJV agreementPromissory NotePersonal GuaranteeMay be over kill, but I am fine with it.Also if you ever foreclose on a property that has enough equity to cover your loan I assume the 1st lien gets paid and then the rest would go to the 2nd position or is that not correct?
Kobi Nagar
Fix & Flip Deal in New York City
11 August 2024 | 0 replies
Purchase price: $55,000 Cash invested: $100,000 Sale price: $820,000 Fix & Flip in prime marine park in Brooklyn, one family 3bd duplex just off the park. got this deal as REO, since houses in this area are selling as is, we did just minor renovation.