Carlos Little
How to report taxable gains on NPNs
Hello everyone,
I am about to begin investing in notes myself, but I have a conflicting question posed by a client of mine who also invests in non-performing notes.
How do you report any gain from these...
Rick H.
Desperate non-performing note buyers beware! More hurdles ahead
Federal policy makers want to keep you from buying and profiting from openly traded non-performing notes (NPN). The bias is against private investors who purchase 1st and 2nd mortgages of delinquent homeowners in favo...
Noah Willard
Should I rent to a tenant with a medical issue?
I have a possible tenant who meets all the requirements but they have mentioned they have MS and that they have had trouble renting due to this. Are there any issues I could run into by renting to this person?
Account Closed
Broker contract signed by seller
I have the Agent I want, and have finally seen a listing agreement. We were fine untll line 56 to 72. There are 5 sections re Compensation to be paid to broker, and I've asked for modification to Sections A and B, to...
Will Bert
Getting ready to make a deal
Ok BP friends My aunt was upside down on her home so she walked away from it. The bank reduce her mortgage but she doesn't want anything to do with the property. The property is sitting there empty. Me and my cousin w...
Scott Nipp
Possible "Sub To" deal in Fort Worth, TX...
I have been looking at a possible deal in Lake Country (subdivision in Fort Worth, TX 76179) on a SFR. Here are the specs on the house...3/2/2 single story w/ poolNeeds only minor touch up and major work or new A/C ...
Chris Seveney
Hypothetical
Hypothetical situation:
If someone had a property worth $100k, and owed $50k on it but fell into hardship and missed payments where had could go into foreclosure and had payments in arrears but got back on there feet...
Renata Shoimer
Tenants who can pay but won't
Hi everyone. I own rental properties in Philadelphia, PA. I've already had tenants contact me telling me that they've lost their jobs and can't pay. I advised them to file for unemployment and resume payments ASAP. H...
Rob Barta
How often are your performing notes going to nonperforming?
I realize this is a broad question, but I'd be interested in hearing about note investor's experiences with this phenomenon and how often it happens, and what the strategies are to get the borrower back to performing.
Micki M.
Nervous Note Newbie
I've been learning about note investing. I took PPR's performing note course and I really love the concept. I finally found a re-performing second in my price range that looks good numberswise and has the added bon...