Bob McIntosh
Potential Deal, looking for advice
So I have found a property, in a decent middle class neighborhood, the details are as follows:
[list]Property Price: $140,000 (asking price, can negotiate down but for analysis purposes keeping it here)
# of Units: ...
Nick B.
2nd position note - is this a good deal or not?
Hello all,
A couple of days ago I saw a 2nd position note offered for sale with the following parameters:
Property FMV: $178000
Property location: Illinois
1st mortgage balance: $138000
2nd mortga...
Josh Magnus
This economy feels like 2007. Am I wrong?
Hello BP community,
Is it me or do the sky high valuations on homes seem similar to the run-up during 2006-2007? It seems like the market is due for a valuation correction, maybe relatively substantial (10-20%)? Eco...
Bryan Hancock
The Millionaire Next Door
There have been some threads recently talking about working hard, spending less than you earn, etc. so I thought that there would be a thread on the subject book. I couldn't find one so I thought it would be a good i...
Jamaal Hunt
I have a pending assignment agreement
Right now I have a pending assignment agreement. It feels great. The buyer called me on thursday with questions and I was honest with him about the property needing a full rehab. When he stopped by the property he cal...
Jim Kaufman
Over-improving electric or doing it right?
I am putting together my SOW for my first flip and want to upgrade the electric on the two story to grounded. Why? I want to put out a good product (that sells easy!) and it makes sense to me to upgrade the electr...
Account Closed
Wwon't investors pay more than $30,000 for $700 monthly rents?
Why?Didn't want to hijack the other thread but it seems like this is the question investors should be asking themselves. If you can consistently receive $700 rent on a $30,000 purchase then why doesn't the market bid...
Brian Plajer
Becoming a Private lender
Hello Everyone, I am learning about the process to become a private lender and wondering if others who have done so are willing to share their experiences. How difficult is it to start and did you have a mentor to he...
Barry Dameshek
How to vet a private placement opportunity & general partner?
Hello. I'm relatively new to BP. While I am currently invested in a few multi family properties, I'm considering my first private placement deal where I'm one of several investors. It's a large deal for roughly 250 un...
Adam Anderson
Mortgage Bailout Insanity
Seeking to provide more aid to troubled borrowers, House lawmakers on Wednesday advanced legislation that would enable homeowners to shrink their mortgages in bankruptcy court.
http://www.fool.com/news/associated-pre...