Hi,We need to do start project and we will be hiring Licensed Contractor but we would like to some work done by Unlicensed Contractors( Handyman).Do I need to take Workers Comp insurance ? What kind of insurance we w...
There is a guy/company selling notes in my area. Obviously due diligence will need to be performed, but I wanted to see what some of you pros thought, on the surface:
1. The performing notes were all originat...
I was wanting to know if most people use servicers to work out their non-performing notes and what kind of luck have you had going that route? I have an asset manager working out some of the notes in my SDIRA but I w...
Hi, I was wondering if anyone can give me some color on the operational steps involved in purchasing bundles of non-performing notes, in broad strokes.My idea so far is something along the lines ofReceive list of non-...
Hello all,
After reading the BP Beginners Guide, browsing the forums and reading a few titles on the best real estate book list, I've decided that investing in residential performing mortgage notes (1st posit...
Hi,Does anyone know of any institutions or private investors who provide the above?As well as supply a proof of funds letter?Thanks in advance
CAN A BANK CALL GOOD/PERFORMING LOANS?IF SO HOW DOES ONE PREVENT/PREPARE FOR THIS, OR CAN THEY?I have always thought that if I am current on my bank loans the bank would not want to call the loan or foreclose on the p...
Here's the scenario. One of my tenants has been 2 - 3 weeks late on rent (pays the fee though) ever since she moved in mid-march. In hindsight, I see what I did wrong, but can't change that now.My tenant on the other ...
Hi there,I used to work in a consultancy advising banks and funds buying/selling portfolios of non-performing loans. I am no longer in the NPL industry as I am back to the family business, working on deals of a much s...
Hey everyone,So about a month ago, I went under contract to purchase a fixer property. The property was occupied by the seller's 92year old mother and also had A LOT of junk in it. My plan was to buy it, have all the ...