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...
Jason Mak
Question regarding lis pendens and 2nd 3rd loans
Greetings BP Community,
Was hoping if any experience loan investors could help me out with some questions I came across when evaluation a loan for sale on auction.com
1) Basically, I am bidding for the 1st position...
David Roberts
Title Problem Discovered During HELOC Application
This is AWESOME! You guys are going to love this.I applied at Bank of America (mistake 1) for a HELOC. I liked the option of interest only and a 10 year draw, etc. It makes for a cheap ability to keep money moving ...
Russell Holmes
Structuring a Flip/BRRRR partnership
I'm hoping to get some big picture advice on structure here, pros and cons of different options, etc. I already have plans of meeting with an Attorney well versed in land trusts and Real Estate partnerships for the ...
Account Closed
Newbie found a $4million deal - yes/no?
I found a 57 unit $4mil property in default, as a newbie should I. I have read all the particulars, analyzed and analyzed. I figure I can get investors to hold the $4mil for 4 years and I sweeten the pot somehow. All ...
Rob K.
New furnace regulations - applies to all of us in the Northern United States
http://gilsonusa.com/sites/all/themes/gilson/pdf/ACCA-Northerners-ReplaceFurnace1.pdf
My furnace guy called me about this today. I hadn't heard this before. Any furnace installed after May 1, 2013 needs to be at leas...
Mike Lynch
What would you do with the money?
If tomorrow you suddenly had around $300,000 cash, would you:Try to purchase several $50,000 homes and rent them out?Purchase a couple $100,000 homes and rent them?Buy fix and flips and rentals using the banks money?I...
Chris Seveney
Note Investing - Amazing Stories
When investing in notes, we all have those deals which are “head scratchers”. Interesting to hear your story. I have many to share (including offering a non paying borrower who hadn’t paid for over a year a free house...
Mike B.
Sandwhich Lease Options
Can someone who has done these successfully and recently, please highlight the actual logistics of completing a sandwich lease option currently?If I get a property under contract as a lease option from the seller, whe...
Bob Malecki
The Big Short: Michael Burry on the Next Financial Crisis
If anyone who is newer to note investing needs a refresher course on what caused most of the NPLs we buy to be available, read The Big Short or go see the movie. Fascinating how corrupted Wall St. brokers and rating a...