Patrick Philip
How does "second mortgage position" work?
If I'm financing a purchase with 2 different loans. The majority lender will have first mortgage position. The second lender will have second mortgage position.In case of default, there is only one property to give to...
Jahan Habib
Proper Positioning for a Downturn/Crash
This is not intended to be a doom and gloom thread about any potential economic downturn some time in the future, but rather discussion regarding the proper position oneself to benefit resulting from such an event.I w...
Dave Binder
What is a reasonable equity position?
I found an off market building and I don't have the financing to purchase it, the building is going to be roughly 425k. I found a partner that has the ability to obtain the capital to purchase the building and I told...
Christopher Hughes
Determing formua for positive cash flow
Hi all,New member here who is working on learning right now before I begin to make any investments down the road. The forums and podcast have been a great resource and I am hooked, trying to learn all I can. One thing...
Rich Weese
Finally- I can post something positive!!
There is so much negative stuff going on that I'm excited about a trend I've ready to share, finally.
As you may know, I go to Cancun, MX a lot! Been doing it for over 30 years. I also lived in so. TX, 7 miles fro...
Beavis Bronqowski
Advice on this property! (Cash positive )
4 units all metered separately, all one bedroom. Basement - $850 plus hydroMain floor- $750 plus hydro2nd floor- $650 (caretaker) plus hydro 3rd floor- vacant but can rent for $750 plus hydro. Landlord pays for heat a...
Daniel Kitt
Second position liens for investment properties.
Hi Everyone, I'm trying to get some info on recording a second position lien/mortgage on an investment property in Texas. I obtained private funding for the project in addition to the hard money loan. We closed the pr...
Roy N.
Short Sale acquisition - positioning, strategy, information.
All,Short sales are well known and understood by many investors on BP. They typically do not occur here in Canada, so my partner and I have no real experience with short sales - and to be truthful, while I have a the...
Laura Casner
Keeping momentum and a positive attitude.
I've had so many deals fall through this year and am feeling exhausted from putting in a lot of time and energy to deal I thought were going to be solid an they ended up falling through. How do you find motivation to...
Logan Turner
1 position performing note, typical discount?
Say I have a first position performing note, what is a typical discount I should expect to give when selling?
This example, principle $ 92,xxx, 10 year term at 10 percent interest.
I'd imagine the interest rate pla...