Rachel Murphy
How Do You Handle Private Money?
So I have someone willing to give me private money to fund real estate deals. What is the best way to handle the money? Do they give me the money to put into my account and let it season for a few months? Or do they p...
Bill Gulley
Private Lending Mistakes
For you "private lenders" what mistakes have you made? I'm wondering if private lenders are 1. willing to disclose mistakes and 2. what they did to correct it, if they did at all.
I just read about private lending, t...
John Payne
When is it too late to tie up a Pre Foreclosure deal?
Learning more and more about Pre Foreclosures and Notice of Defaults, but one nuanced question. Whether paying cash or taking the property subject-to, the overdue lien that is causing the foreclosure in the first plac...
Brie Schmidt
A lesson learned from Lending money to a BP contact
Today is a great day! I finally got my money back from a BP member after over 2 years. We had met on BP in 2015 as he attended my meetup group and over the years he was very involved with the community here in Chica...
Marc M.
Can Banks Buy Their Bad Debt At A Discount?
Hello BPers,I am somewhat new to foreclosure investing...I've bought at county-tax foreclosure auctions, but haven't purchased anything from a bank yet.I've started attending weekly mortgage foreclosure auctions at th...
Nichole Mollica
Reverse Mortgage Short Sale Questions???
I have an executor who would prefer to sell to me rather than pay for listing. The reverse is about 100K over market value in current condition. He wants to be able to pay off the grandchildren named in the will to...