I have a opportunity to purchase one HOA deed at 25 cents on dollar. I can rent it out and negotiate with bank for clear title in the meantime. My cost is 35k for a nice condo, A property in B+++ hood worth 132k. Anyo...
I am getting some pushback on the idea of recourse vs. non recourse loans from a banker I'm just about to go with. My accountant told me not to take out a recourse loan, one that allows for deficiency judgments (th...
My opening statement is: I have finally walked the plank, closed a HUD foreclosure a on December 9th, and have been wading deep into this project. Ive talked about doing something like this for awhile now, but lacked...
This is an unusual situation, but I'll try to do my best describing it. I wasn't sure if it his question should go here or in Notes Forum.Seller and her husband sold on "Assignment for Deed" contract that is recorded ...
During the launch of the NW Chicagoland BP Meetup (where I was the guest speaker), I was asked the question:"Wendell, how do you find all these good deals?"My answer: you got to boil down finding deals into a science....
Hi everyone. In an attempt to try to stop my analysis paralysis, curious as to what established investors would do in the following scenario:$100,000 liquidNo Debt at allRemote IT Job making 100k/yr. Location is a n...
Hello BP,I am debating what I should do to maximize my real estate investments and need some help. Here is the situation:My girlfriend and I currently own 2 single family rentals in Vancouver WA. The 1st house cash fl...
I was wondering how you guys feel about short sales. Do you guys think its worth the time to wait for a short sale or do you guys go straight for REOs because they can close quickly and you know what price you're gett...
Hello All and thanks for stopping by to help.I purchased a SFH in 2019 in Saratoga Springs, NY. I purchased a fee title insurance policy on the property. No issues arose regarding the title when we closed on the prope...