It depends of the note, rate, payments remaining, payment history, property (and condition) as well as the strength of the borrowers and operations.

And I have found people I run across more than happy to tell me about properties in poor condition that are dragging down their nearby property values.

The covenants states: Section 2 Residence Each Owner shall maintain his Residence in good condition and repair and all exterior colors and materials, including the exterior walls, trim, doors and roof, shall be retained as close to the original as is reasonable possible.

I don't want to buy any type of plex unless it is in rent-able condition or very very close to rent-able condition.

Unless you are a social worker determined to give the world a second chance you need to tighten your screening standards.

Hi Guys I'm new on Bp But I need some Help I showed one of my units today to a nice couple that does not have a social security # or driver license #.

Cost of financing depends on what property type and condition you are going after.

Despite the furnace and water heater being old, and the siding needing replacing in the next 5-10 years or before resell, overall it is in great condition.

Second option would be to sell it at a surplus.Property List: $120,0003br/1ba (standard for my area)Median rent for 3br: $1100Property is in good condition and the area is nice and upcoming.

You will hate the conditions the money comes with and rue the day you went down the rabbit hole though!!!!