Since I live in Raleigh, I do not know much about the area and I'm hoping to find a connection to discuss the area that these properties are located.  2 of the homes are currently rented and the other is probably going to need extensive work or tear down.  

It was nerve wracking, but we pulled of the HELOC while we were under contract and we were able to close after two extensions on the contract. 

How has it been performing for you?

Upon a sale, the amounts received from this deal would eat into the exclusion.9) The appreciation rights of the investor and the note could be sold off to other investors if either party got impatient.10) A maximum LTV on mortgages on the property in the range of 60% could be established to reduce the likelihood that the seller gets behind and does a short sale that wipes out the investor.11) If this arrangement might cause a problem for the homeowner when refinancing or taking out a HELOC, the investor could agree that the investor's interest is subordinated.Benefits: The homeowner's net worth is less concentrated in Silicon Valley single family home performance, and the investor gets a leveraged return on an asset that has potential to appreciate at faster than the rate of inflation.

He leads an extensive discussion about the "entity" and the "institution" against him (which is the bank).

I wanted to know if someone have a due diligence checklist for non performing notes they would be willing to share.

This was my ticket to the heights of academic performance.

What you will find is that for value add opportunities, it is possible to bid at a lower cap and still have a well performing investment.

I'm looking for a few options to do a competitive bidding process on the repair (I'm not sure how extensive the repair would be).Thanks in advance for any suggestions.David

What system besides excel can be used to keep track of the metrics on how the property is actually performing after purchase (long-term basis).Thanks in advance for the suggestions