My team and I thrive on seeking out off-market opportunities, leveraging our expertise to turn them into profitable ventures.I'm thrilled to be joining the BiggerPockets community to connect with fellow investors and potential partners.

It’s a very intriguing area with a ton of potential.

Gustavo Munoz Castro my business partner and I skip trace our entire direct mail list for phone numbers so we always have ample amounts of potential sellers to dial and gauge motivation.

So even if MFB was doing good and had no leverage or affiliation with the creditor, since MFA collapsed MFB investors are stuck holding the bag and are potentially going to get wiped out.

Hi Amir,It seems like the decision would depend on the value of the property and its potential use.

I am at the point now where I am feeling comfortable moving forward with a deal if I see potential in the property.

@James Heiberg The mindset I am seeing in Denver right now is looking for a property that may not cashflow AS you live in it, but has the potential to cashflow once you move out and it's fully an investment property.

As part of due diligence , what should I be asking to the developer, what are the potential pitfalls and how do I protect my investment ?

But in the meantime, the hazard pay is pretty good.

Leaving servicing up to the lender could potentially put your installment payments at risk and in many states servicers need to be licensed anyways so double-check that part as well.