I bid on what turned out to be a a 2nd mortgage in Ohio. The house is worth around $300k. I paid 258K at auction. Looking through the court records I can see that the 2nd mortgage was awarded ~100k. There are around ~...
So my brother @Eli Garcia and I are working together on increasing note holdings between the 2 of us. 2 heads are better than 1 kind of thing. Any who, he bought one that's in Detroit, MI that was in foreclosure and...
BP Family,I have a question regarding bidding on HUD properties. What percentage of the listed price (or ARV, whichever) are your bids on the HUD site? I understand that this is a very generic question (considering ...
I recently got an agent referral from a coworker. We hit it off so i asked the guy to help me find a home. From there he referred me to a one of his preferred lenders and now i am completely pre-approved for a mortgag...
I made an offer on a house on the MLS. Through our realtors, the seller countered. I accepted the counter offer. My realtor let the seller’s realtor know I accepted. My realtor began working on the contract. Late in ...
Hello community,I’m a young construction professional preparing to go out on my own in the Los Angeles market. I’m working on a business plan to better define my business in my own mind. I’ll be getting my general con...
I finally decided to invest in a fix and flip. Everything was making sense until I had a bunch of people around me tell me it's a huge risk. Now I'm so scared because I don't want to lose money and have a bad experien...
Question for the GC's out there... in markets such as Charlotte, Nashville, New Orleans, Orlando etc (Southeast), what would most GC's quote as a ballpark estimate for total labor cost (if owner is supplying all build...