Fahima Hilal
Time of essence when seller doesnt perform
We went into contract on a house in October and slated to close in December. Its February now and seller still hasnt performed. We have asked our lawyer to send him a TOE letter, and want to close end of this month. ...
Mark Wallis
Anyone interested in forming a Performance Group?
Why performance group: I get many great ideas from Bigger Pockets, AZREIA and other sources. But sometimes the biggest problem is letting the urgent but unimportant tasks fill available time. At the end of day, week, ...
Bill Mitchell
Failure to Perform - Defaulting on an REO
Curious here,
I know most in my market have written off the MLS at this point, but I would like to start looking at some houses to buy here in the DFW market.
Often must opt out of an option period enti...
Don Konipol
Two Distinct Categories of Non Performing Notes
In the commercial mortgage space we have found that NPN investments can be divided between
(1) purchasing NPNs in which we’ve had no or minimal contact with the borrower, and
(2) purchasing NPNs in which we’ve worke...
Diego Hodge
Looking for someone to perform a survey?
I am looking for person or company to perform a survey to verify property lines on a SFH in Cleveland, OH. Does anyone have a recommendation?
Will King
Buying a Non Performing Note From BOA
If I'm buying a non performing note from the bank, owner balance is $148k monthly payments are $1150, the resell value is $175k. Would paying $93,500 for the note put me in a bad position? This is my 1st one. Thanks i...
Connie Stainbrook
Question on non-performing notes and foreclosure.
I have a couple of questions on the topic of non-performing notes. I have read that if I own a note that is not performing and I have foreclosed on the property. That I now have a choice to keep the property in my ...
Abraham Anderson
Buying a value add vs high performing
I've been searching for about 6 months for a value-add multifamily property, 20+ units and around an 8% cap. However at the moment I have the opportunity to purchase an already high performing property. It's 20 units ...
Kyle Vansice
Project Performance (Profit Margin) - Acquisition through Permit
Hello,Curious if anyone is tracking the difference in their proforma profit margin at deal/site acquisition through permitting? Do you tend to see a reduction in your projected profit due to delays in permitting, addi...
Nikole Sturm
enforcing specific performance on a life estate
Any advice on what to do would be greatly appreciated!
I'm wholesaling a property that is set to close this Friday 02/15/13.
Back in December the Independent Executor of Estate signed the Purchase and sale agreement....