Scenario:House is worth $65,000. (BPO)Homeowner has a 1st for $58,000 and a 2nd for $15,000. (CLTV 112%)Purchased the NPN 2nd for $2,000She is behind on both her 1st and her 2nd by about 30 days now. The homeowner ...
I am a newbie investor and I need help, I don't want my 1st deal to be a nightmare. I'm looking at purchasing a 12 unit multi-family senior living facility. This business is already fully staffed and up and running Bu...
I've been working with a seller on an RV Park for over two months. He informed me recently that he has the property under contract at a different Title company 'as a backup.' It looks like they are still in the ...
I am a little confused as to where the title company comes into play during an assignment of contract and any help is appreciated. If I have a home under contract and have yet to find a buyer, is it necessary to hire...
Would it be a smart strategy to buy NPN or defaulted mortgages just to foreclose on them for profit . Is this a good strategy.
What do you feel are some of the most misunderstood aspects of note investing? Partials? Structuring deal exits? Due diligence?
Hi thereDoes anyone know of any good funds or projects with high IRR apart from the ones on crowdstreet and realtymogul?Thanks!
Hey everyone,I want to know what I should do,I have a 2acre lot and mobile home and I wanted to sell to an investor.He told me he is an investor, we negotiated, got the contract and told me everything is fine. He hasn...
I'm interested in seeing if anybody has any suggestions on where I could look to put my money for the next 3+ years. I'm in grad school (piano performance) with one more year left. After grad school, I'm planning on t...
I thought I'd share something I learned today with the BP community.Let's say you have a 4-unit that you're analyzing. The NOI is 23,620. You have a local bank that is willing to refinance your deal up to 80% of it's ...