Carlo D.
Stupid question on bank accounts
Really apologize if this is a stupid question, but I’m new to RE investing so I hope to get some help with this basic question. i recently went into contract for my first rental property out of state (PA). I’m going t...
Jack B.
Another COVID scam applicant...
Can't get a hold of their references, claim they are employed, offer last years tax return, but when I decline and ask for a recent pay stub, I never hear from them again...I've had so many weirdo's apply recently who...
Alfredo Martinez
Offer on Bank owned MF unit
Hello BP team,
I am getting ready to make an offer on a bank owned MF unit. List price is 73,000. This would be a complete gut on both apartments to include new plumbing and electrical. The property has been vacant...
David G Vreeland
Insurance Claim on Bank Owned Property
A property I am looking at had a fire about a year ago and the insurance company of the prior owners was nearly done fixing it up before the bank took possession of the property in foreclosure. There is about $10,000...
Cary F.
Investing in Bank Notes - General Questions
Good morning everyone. I find myself exceedingly interested in distressed bank notes. I currently use the tools of quantitative risk management to help manage large consumer loan portfolios at a financial institution....
Nat C.
Are listings on bank websites genuine?
I was looking at inventory on bank's websites of properties they have for sale.I am confused as to why their listings are not on the MLS?When you click on a property it provides information of an asset management comp...
John Leonard
PMI on Bank & Owner Financing?
My wife and I are looking to buy a new PR and convert our existing one to a rental. With a new baby on the way we could use the room. The plan is for the new home to be a live in flip for 2-4 years. I am going to look...
Hilary Smith
Due Diligence on Bank Owned Property
Newbie here!This is my first offer and attempt at buying real estate besides my primary residence. Property is bank owned and my offer was pretty low compared to listing so may not be accepted. BUT, still exciting! I ...
Hilary Smith
Due Diligence on bank owned property
Newbie here!This is my first offer and attempt at buying real estate besides my primary residence. Property is bank owned and my offer was pretty low compared to listing so may not be accepted. BUT, still exciting! I ...
Riggies B tang
Question on bank LOC in CA
Hi all, I heard a while ago in BP that some local banks would offer a LOC in the amount up to or a good percentage of the deposited balance in the checking or saving account. Is this true? Do you know of which bank in...