You are a real asset to the BP community.

Where do we obtain a list of delinquent properties.

I myself consider this way of obtaining real estate a complete waste of time but then again there are other investors who will swear by this type of investing as being the greatest thing since sliced bread.

Just wanted to jot down a few things.I get probably 10 mail pieces a week from various parts of the country on assets we own.. we target the same thing wholesalers do so we get these.I had a few surplus properties so I wanted to go ahead and reach out and see if I could find any true cash buyers not assignors..Any who..

I also don't know if 'gross profit' is a standard metric (vs. net income as on line 24 of a schedule E) on STR income statements or not (again, I've never owned/managed this asset class) but on the surface it looks like you would have some direct labor costs (somebody needs to manage the inn, so to speak) and recurring utility costs at a minimum. 

We are primarily out of state investors living in Queens, looking for a New York attorney to assist with asset protection and entity structuring.

The fact your considering/willing to buy a dupe or even bigger is great in itself and in the long run your going to win as long as you are able to manage and maintain the asset.

currently we live in the upstairs and are thinking about buying a 2nd home and doing the brrrrrrrr method again but not sure i should refinance this house or i guess my big question  is how much do i want to liquidate my assets? 

currently we live in the upstairs and are thinking about buying a 2nd home and doing the brrrrrrrr method again but not sure i should refinance this house or i guess my big question is how much do i want to liquidate my assets?

If not, I looked up delayed financing on the Fannie Mae site.The original purchase transaction was an arms-length transaction.For this refinance transaction, the borrower(s) must meet Fannie Mae’s borrower eligibility requirements as described in B2-2-01, General Borrower Eligibility RequirementsThe borrower(s) may have initially purchased the property as one of the following:a natural person;an eligible inter vivos revocable trust, when the borrower is both the individual establishing the trust and the beneficiary of the trust;an eligible land trust when the borrower is the beneficiary of the land trust; oran LLC or partnership in which the borrower(s) have an individual or joint ownership of 100%.The original purchase transaction is documented by a settlement statement, which confirms that no mortgage financing was used to obtain the subject property.