Robert Mittendorf
I own a house in a state I can't visit, should I rehab?
I got a deal on a major fixer on the south side of Chicago. I bought for $60k and have unofficial offers (both informal and offers that fell through) for up to $170K. I have architectural plans, permits, and the house...
Richard Loniewski
How to spot lender scams
How to Spot the Difference
Upfront Fees. Large upfront fees in the amount of $5,000 that will be “credited back to you at closing” are a red flag. There’s no need for a fee that high and typically those deals never c...
Keith Boley
I Know You Can DO This To.
Golden Tip and Proof it all works. Hi All My BP FamilyRoberta and I just got back from a two and a half week training and house buying trip in four states. Yes, that is four and yes I am whopped. But, ...
Indy Smith
Questions about subject-to purchases
Hi everyone, Can someone please clarify a few things about subject-to for me? I understand that you essentially take over the existing mortgage from the seller, thus "subject-to the existing mortgage". Does the buyer ...
Mindy Jensen
Att: Traditional Lenders - Question About Due On Sale Clause
I always thought that when you transfer title, you trigger the due-in-sale clause in a traditional mortgage.I see questions time and again from investors who want to transfer ownership of their residential property pu...
Rivy S.
Royal Rose Properties (Detroit) review
I used Royal Rose Properties to manage my properties in Detroit because they had a very good reputation on here. My experience with them was less than awesome, so I'm posting this so that others know what they're get...
Dawn Vought
Travis Peterson/Todd Morgan/Freedom Financial Services
I just started a deal to purchase a turnkey wholesale property in Detroit, MI from Travis Peterson and Todd Morgan. They have a team in place, including a title company, appraiser, property management, rehab contract...
Marci Stein
No refund policy on deposit
went to see a home from an investment rei company on C.L. dealing with foreclosures only. web site looks authentic enough, listing many homes sold and some current ones for sale. Site states said if i make an offer,...
Shawn M.
Repairs - Who should pay Tenant or Landlord?
I have a good tenant in my unit for the past 3 years. Lease is up for renewal. On recent inspection of the unit I noticed the screens on the back patio are all ripped. It appears the damage was caused by their cat,...
Phil Shearcroft
Purchasing Existing Notes
Hey Everyone,I’ve been considering the purchase of a portfolio of notes on existing seller financed rental properties. They all have different timelines and applicable cap rates. Does anyone have experience with these...