Good afternoon, everyone! Like many of the others who post here, I'm new to the real estate game. I'm a pretty frugal guy, been saving my whole working life, investing in stocks and bonds, etc. Now I'm ready to step u...
Today I had to walk away from a flip deal I am selling after 55 days under contract. I was in deep and it was a tough call to make. I wanted to put up the story on BP to other investors and see what they think.The sto...
Not sure if everyone saw this but Reuters had a big article yesterday on short sales.
http://www.reuters.com/article/bondsNews/idUSN3046464720091130
Some highlights:
1. Subordinate lien holders have a cap of $3...
I'm new to BP and REI Scenario: I'm looking at a property that I intend on buying and renting. It's a 2BR, 2BA, 1145 sqft condo. It is currently in foreclosure, (or pre-foreclosure and subject to probate.) I am famil...
Used the listing agent as my purchase agent and then as the property manager. Thought I would keep it simple but...Here are the facts:Closed a triplex in NW Indiana late October 2019. 2 units are already rented out an...
First of all, I had never heard of a "zombie foreclosure" until I started researching. I have found a vacant house in my parents neighborhood which I am very interested in purchasing as a home for myself. Both as ...
I'm really hoping someone can help me out on this one. I'm a first-time investor, purchasing a foreclosure, and I'm concerned that if I back out of this contract, I may not get my earnest money, even though it appear...
Tenant text me last week Thursday saying they are moving out on April 30th. They sent a text message stating that there are plumbing issues with drains not draining (first time they have ever told me about these issu...
Hey everyone, just FYI I have a long story, but I want to make sure I understand the process before I go forward. I've been looking into Tax Liens and Deed Auctions. I've found a house on a major highway in my hometo...
TL;DR. I am looking for advice on how I can take appropriate action to warn future landlords and LPs about a deceptive and destructive executive-level tenant who is also a GP on real estate deals.
I rented a fully f...