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Hi, new to BP and love what I'm seeing so far! I'm an AZ-licensed RE agent and have a question that nobody seems to have an answer for (except possibly an attorney).Situation: Auction.com is having an upcoming forecl...
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First of all, I had never heard of a "zombie foreclosure" until I started researching. I have found a vacant house in my parents neighborhood which I am very interested in purchasing as a home for myself. Both as ...
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Now that the hedge fund managers are ready to cash out on their SFR rampage, I wanted to take a look at some of their numbers. Is it a deal or no deal? Here is a quick, back of the envelope analysis, based on the a...
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Closing on my first property, a 4-unit multifamily in Phoenix. At inspection it was noted that one of the units wasn't in the best shape. The lease shows that $350 was collected for the deposit. During the appraisa...
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Hey Bigger Pockets-I wanted to post a summary of my latest note investment since I have been seeing a lot of posts about notes and how to get into them. I will start out by saying there are a lot of experienced note i...
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We had a homeowners insurance claim, insurance only partly paid the contractor and deemed them over charging and not following industry standards. The contractor put a lien on this property for a dollar amount over th...
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I have searched BP forums in a few ways to see what the chatter is about Puerto Rico and the posts that pop up are old. Very surprising. I understand that PR is kind of USA territory but kind of not - which will under...
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1st of all, I'm not a pro. My wife and I are just getting started with Notes --but we threw ourselves into learning as much as we could in 30 days before going to the Note Investor's Summit 2015 in San Diego (so we w...
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I have a friend (and third owner of some of my rentals) who would like me to do a hard money loan to buy an REO for him to rehab and flip. He's looking for 10% interest, six month balloon (interest payable at close o...
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Purchase price - $255,000Expected rehab - $80,000Expected ARV - $425,000Actual rehab/carrying costs - $155,000Actual sell price - $525,000Profit - $76,400Time to complete – 7 months to get on market, 9 months to close...