Ari B.
Which contract should contain rent credit language?
Searched the lease option forum but was unable to find this answer...user error I'm sure. Should language pertaining to a rent credit be included in the lease or the option? I plan to credit $100 to the T/B for each ...
Martin Sterling
Bankruptcies and Notes
How do Chapter 13 or Chapter 7 effect a note you have purchased or about to purchase? What are the opportunities and procedures necessary to take advantage?Thanks in Advance
Andrew Lawhorn
Suggestions for a pre-foreclosure situation
Hello BP community! There's a situation that was presented to me about twenty minutes ago that has left me searching for quality solutions. A family member (breadwinner) passed away within a couple of weeks ago and an...
Geoff S.
Short sale listing price question
I have searched for an answer to this question but can't seem to find a response.
When a seller decides to list their property at an amount less than what it is mortgaged for, who chooses the original listing price? ...
Lisa Kattenhorn
Turning a 1 bedroom into a 3 bedroom
Hi everyone! I have a multifamily property that includes a two story unit. One bedroom, bathroom and living room on the bottom floor of the unit. The upper floor was an attic previously. Right now it has one room t...
Ken V.
When is a NPN worthless?
When browsing NPNs on the internet note sale sites I frequently see NPN for sale that, in my mind, should be time barred by the applicable state's statute of limitations. This one in particular is from my home state o...
Ed W.
Loaning Money to an SDIRA
Scenario:
An SDIRA owns a property.
The beneficiary of the IRA wants me to loan money to the IRA so that the property can be rehabbed.
My understanding is that the loan to the IRA has to be non-recourse.
My unders...
Jayson Wolfe
Partial seller financing - who gets first lien?
Greetings you fantastic BP people!Quick question about partial seller financing... if you get a seller to do seller financing for ~20% of the purchase price, who gets first lien? The bank or the seller doing ~20% 'sel...
Daniel St John
LANDLORD - NC, Renter wants to install Storm Door. How to charge?
Hi All,Newbie landlord here. I handed the keys to my first property to my tenants this past Thursday, and it is a fantastic situation.The tenant asked about the possibility of installing a "Storm Door" on the propert...
Al L.
how to serve a difficult tenant
Hello everyone,In the past four weeks, I have used two servers to give my tenant a Five Day Notice at the apartment and 3 workplaces without any result. My property manager thought it was abandoned and went to check ...