Eddie P.
Why do investors buy HOA liens at auction?
I constantly see investors buying up HOA liens at the foreclosure auction and wonder what is the reason? If they had no mortgage or a low balance on the mortgage, I would understand. Most times they are way under wate...
Frank Dai
Tutorial for buying at foreclosure auctions
I invest in foreclosures in the Monterey Bay region. I have been doing this for 2 years and have had 7 profitable deals.
This is a short tutorial of the process. By the end of this post you'll have...
Joe A.
I bought a foreclosure! Or did I?
Hey BP!I’ve got an issue with a foreclosure I just bought today. I won the auction and paid for the property there. Then I drive by the house and there’s an investor company (something like “we buy run down house”) si...
Kyle Cabral
Subject To - Dodd Frank - Simple Scenario
Hey guys, I'm really hoping for some simple advice on a simple scenario when discussing subject to deals with respect to Dodd Frank. I downloaded the law, it's huge, and will eventually pierce through it but very con...
Jeff L.
Please explain a basic concept to me: Equity
I've been reading the basics of note investing, and keep coming across people recommending buying notes that have a lot of equity. I don't quite understand it and was hoping you guys could explain it to me (I'm sure i...
Joffrey Long
Usury Expert Witness: California Mortgage Litigation Questions
This post relates primarily to California:
Hard money loans are often made at rates that exceed usury interest limitations. On hard money loans, California trust deeds can be exempt from usury interest limitations u...
Abhishek Banerjee
Househacking in the Bay Area
Hi all,
Long term BP member but infrequent poster. I currently rent in SF (SoMa) but starting to consider a MF purchase in Q1 using a FHA loan. The idea would be to move into one unit while renting the other(s). I do...
Trevor Ewen
Military Landlords
If you own one or multiple single families that you rent to service men/women, I would love your response to these questions:- What's the best part about investing with military tenants?- What is your biggest difficul...
Tony T.
What Should I Do Now?"
I made a cash offer on a house that was listed as a short sale with settlement within 45 days. My agent told me that the seller's agent told him that the bank approved the offer. We then signed a contract for sale wit...
Michael Shadow
buy with cash then finance
Does anyone know if there are seasoning issues if I would purchase a property with all cash then finance it?
-Michael