Larry Bowers
Does a foreclosure wipe out a lease for inherited tenants?
I've recently foreclosed on a property in MO as the lender. The inherited tenant and I are butting heads about me enforcing the existing lease and for now we're not communicating. The lease is poorly written, and with...
Account Closed
Really liking note income
Most of my income is derived from re-sales. I cash out of most of my re-sale deals and usually only carry paper in order to solve a problem. However, this year I created two small seller carryback notes as a way of ...
Stephen Franco
Tax deed deals and lending in PA
I do tax sales in PA. Judicial sales. Doubling my money. It's fun.Going to start hard money lending to people facing tax sale. Win/win as I see it .... win if they pay me off and I get my interest, win (since I do m...
Paul Leonard
defaulted reverse mortgage
I am brand new to wholesaling and came across a property that defaulted on a reverse mortgage. There are several fuzzy details to sift through. Primary borrower passed away 4 years ago and her son is living in the pro...
Bhanu P.
Can we lease to default borrowers of a foreclosed REO in TEXAS?
We closed a REO property in Texas and former owners are still living in the property and when we approached them to give 3 day notice, we learned that they are interested to lease from us for an year.In normal situati...
Nick Hulme
Seeking Creative Title Strategy Advice
Background: My wife and I live in San Jose, California, where we are renting a basement apartment from family for a great discount. Both of us have corporate jobs with decent salaries, so we are saving about half of o...
Brit F.
Predatory construction lender?
I ran across a company and business model that seems suspicious to me, and I'd like some feedback from the BP community. I'll not mention the company name yet. It's less than one year old, and I found only one menti...
Ken Rishel
Interesting quote from Lease purchase contract From Wikipedia
In the United States, when credits are applied to a purchase price the agreement becomes a financing contract and these contracts have been identified as predatory lending arrangements under the Dodd-Frank Act. Under ...
Jeremy Lee
Private loan situation potential to buy & hold
Hey all,Just wanted to get some feedback on a possibility with a current situation I'm in with the condo I'm living in and the arrangement I have with my parents.I currently co-own with my parents (tenants in common) ...
Luis Herna
Help with SELLER FINANCING
Hi There,
let say that a property is being sold at 1M. Seller has 300k in equity rest is on a fannie mae loan. Instead of me giving a down payment, seller will finance the 300K in 5 years and we want to structure t...