Chicago BP'ersIm doing some analysis for our upcoming sale of REO and Non-performing Notes in Chicago. 

BP'ersIm doing some analysis for our upcoming sale of REO and Non-performing Notes in Chicago.

In my humble experience, this seems like a very big stretch for any lender.

Or do they get paid for work performed?

Do you plan on performing a sub 2?

Through the past 8 years I spent 4 in residential construction, so i've been rehabbing for investors the entire time, watching good deal after good deal, and my boss smiling as he stretched me as thin as he could.  

I think it is important to specify which of the two types of notes you are looking for; Non-performing or Performing.  

The rents could possibly stretch another $200/month for cash flow of $328.

For entities that exist to preserve the value and lifestyle of a community, HOA's don't seem to give a damn that investors are rescuing an often neglected home with a non-performing account, and turning them into a quality place to live with a HOA fee paying homeowner.Are others around the country seeing these outrageous fees, and is there anything that we can do to combat this?

We are closing on house number 4-5 for our Buy and Hold portfolio in a few weeks and I don't think we want to stretch our liquid capital any more than we have.