I own this paper and the borrower made a solid offer to start paying $6000 up front and $700/month.  He has a 6-figure income and can afford it.  Here are the other numbers:MV = $50k and decliningUPB + arrears = $211k...

OK just starting out here so excuse my ignorance, but how does NOI make any sense on its own? Shouldn't there be some type of relationship between NOI and Operating Cash Flow, like a rule of thumb such as "if OCF outw...

I talked with a homeowner today who wants to do a short sale. They have the one loan with Boa, the house is currently listed with a realtor. I haven't had the pleasure of dealing with BOA yet so I'm not really familia...

Hi Everyone, I am a Canadian real estate investor who is looking to diversify by buying a few CF producing assets in the US. what states or cities should I look into buying first to get my feet in the water. Not looki...

Hello,This is my first time posting on here and my first home purchase. I am looking for professional insight on the duplex I currently have under contract Casper, Wyoming, just west of Washington Park. This is a town...

Hello Colorado Springs, Fountain & Pueblo investors!

I am currently living in Germany, but looking to move back to the US in one to two years. I have the option of returning to the Colorado Springs area w...

I worked for a drtv advertising agency years ago, and I know some of the big answering services like Convergys. But for small businesses like us who want consistent but affordable service what options are out the...

I’m planning on purchasing rental properties in the near future. Once I’ve gained rental income, I would like to finance a Condo and even more rental properties with my income from rentals. However, I’m a bit confused...

Short Sales Plan closer to finalization

According to a US Treasury spokeswoman, The Treasury will soon finalize the long awaited plan to expand its incentives for mortgage companies to use "short sales" as a way to s...

It's been a while since I have blogged on the Smokies.  Feel free to check it out and discuss.
The patient isn't dead, but he's in a coma (biggerpockets.com)