Scott Taylor
Clarification on "HBP" Tax Liens in Baltimore
I've been looking at tax liens in Baltimore, but don't quite understand the "HBP" - the "High Bid Premium". Here's a quote from the FAQ:"In Baltimore City the high-bid premium shall be 20% of the amount by which the ...
Jacob Cytrynbaum
Fair Equity/Profit Splitting in Syndications
Hello! Hoping to get a little clarity on this issue. Obviously have not done this before and want to be really clear on deal structure before I start so I don't unintentionally screw investors or myself. Suppose I syn...
Ehab Tadrous
tax sale overages
Dear ALl, i recently bought a parcel of land in a tax auction , plus other properties also were sold at the same auction and there is a high margin on all the transactions happened that time , my question is am i all...
Martin Sterling
Short Sales on 2nd mortgage
Question about podcast 106 with Mike Sumsky If borrower is behind and the property is worth 100k. They owe 75k on 1st Mortgage and 35k on 2nd Mortgage, the interviewee on the podcast said he will get the 2nd Mortgage ...
Zach Staruch
Tax Deed Sales - Can I just redeem and buy the property?
I'm in Lee County, Florida, which is a tax deed county, and recently attended my first online tax deed auction. A lot of the properties get redeemed by the owner before the sale and those that don't get redeemed obvio...
Christopher Eduardo
Selling a house with capital gains while in chapter 13 repayment plan
If a seller decides to sell their property with possible capital gains due to their equity while still in chapter 13 repayment plan, how does it affect the proceeds? They are scheduled to have their last payment Nov t...
Justin Seng
Structuring a delinquent tax deal
Is it possible to structure a fix and flip deal like this....
Off market house. Owner owes $10,000 in back taxes.
My offer...
Pay back taxes off now and offer home owner 40% of the fix and flip sale price.
Numb...
Brendon Kerrigan
Tax Help of Seller Financing Deal
Hi BP Community!Trying to do my first seller financing deal and the owner is open to the idea, but has 1 concern that I didn't have an answer for off hand. If I buy the property tomorrow, and the owner carries the mor...
Ron Read
Has anyone bought a whole LLC instead of the assets?
I've identified a distressed seller of a multi-family, but I can't quite scrape up the 25% to get the commercial loan. The seller owns the building in the name of XYZ LLC, and doesn't own any other properties.I was c...
Andy F
What to do with BK and SS leads??
We've been sending 50k mailings a month since jan 1.
We're doing loan mods and FB's for 30-120 day lates. We have more leads than we know what to do with right now.
We can handle all the loan mod deals but have a to...