Hi.  My question relates to how the listing agent on a foreclosure handles the deal.We recently lost out on a foreclosure.  Here is the scenario.Our agent called one afternoon around 2 and said the bank had asked for ...

Hello BP, I wanted to share some tips that I've learned about making winning bids on HudHomeStore.com. This strategy is good for when you know you want the property, it's priced correctly, and you want to buy it for a...

I understand, from time to time, HOA may impose a special assessment fee to the homeowners. My HOA has just requested all the homeowners pay the HOA insurance deductible ($1,700 minimum per unit/$40k per building) to ...

Last week I was reminded why I made it standard practice to always get at least 3 bids for major repairs. The ac in one of our properties had a leak in the line. Both the ac and furnace worked fine but were 30 years o...

Hey everyone. I'm in the process of bidding on my first 4 family and want to get everyone's take.

The asking price is $219,900
Gross rents received at 100% occupancy: $2350
Net cash flow according to seller: $15,000
...

Hello BPJust a quick question, when placing a bid on a note is there any specific paperwork used or is it as simple as sending a message to whomever i am in contact with.Thank You

Hi BP,Does anyone have experience bidding on HUD Homes? I have submitted a bid in and they responded with a minimum bid that I can counter on. I was wondering if it is possible to bid under this minimum bid or if I sh...

I keep seeing posts on the HUD timelines and a lot of people have different ideas of the bid periods.

HUD has the same bid periods in the entire country but they can vary according to property type.

1. FHA insured...

Contractors — What are your numbers based off of when calculating bids for investors?

I am in a competitive market and many times I am not the first person people call and if I am they will want other offers after me. I got a call yesterday on a probate house and the seller was upfront and said, they h...