Don Konipol
Two Distinct Categories of Non Performing Notes
In the commercial mortgage space we have found that NPN investments can be divided between
(1) purchasing NPNs in which we’ve had no or minimal contact with the borrower, and
(2) purchasing NPNs in which we’ve worke...
Account Closed
Contingencies on the contract to purchase a vacant lot?
I'm about to pull the trigger on some land for a new build single family. I'm wondering if anyone recommends additional contingencies written into the contract other than your typical "title, survey, appraisal, insura...
Dan Cox
Ways to invest with limited capital?
Hi all,I’m looking for advice and strategies on how to start investing with limited capital. Currently I find myself a sole provider for our household working a demanding job (Project Management). I’d like to start ...
Thomas Bernard
Back taxes questions
Hello,
I'm bought a simple house and she have some taxes (false informations, but real situation)):
Year Tax Fees Due Status
2009 600 200 800 Subject to foreclosure
2010 1000 ...
Mark Bookhagen
Terminating Month to Month
Hi BP,I'm looking for some advice. I think I should terminate a m2m lease for one of my units because I keep getting (valid/serious) complaints about them. It has caused one tenant (good) tenant to move out. My questi...
Andy Brown
PM dumped debris in backyard after renovating unit. Time to go.
Hey BP! Need some advice on best way to break contract with PM and what to expect.Final Straw:Retained PM about 6 months ago for some rentals. Things have gotten progressively worse with the final straw being that he/...
Faye Steaples
deed restrictions expired?
I am wanting to look into some property that is in a established subdivision. I am wanting to build a guest house on this property. There isn't a HOA. When I pulled the deed which the last amended deed was in 1985. T...
Danny Maller
Can someone verify my research and numbers for a downpayment?
Hi, I'm looking for some confidence here with my numbers and would truly appreciate if someone could verify that my numbers and research make sense. I'm wanting to buy a duplex and I'm considering how much money I sho...
Christian Malesic
You Pay All Transfer Taxes
This is a reminder to all REO investors or would-be REO investors:
If your state has transfer taxes that are normally split between the buyer and the seller, most banks make you pay both sides on REO deals.
Be sure ...
Michael Foster
Is Buying in a Floodplain Crazy?
Based on the numbers a house I am looking at is a great deal. But it is in a flood plain and will require flood insurance.Is buying a house in a floodplain crazy? Should I run away?