Michael Wood
Im an existing tenant and home was bought at auction
Hi my name is Michael Wood from Castro Valley California I have a 5 year lease, and the house went into foreclosure and sold at auction . New owners plan on renovating a home and selling it back on the market . ...
Kevin L.
After acquiring REO property, what's next?
I purchased a bank owned property and will settle in a few weeks. Its a condo in a building, therefore, I can not see from its window if anyone still lives in there. Listing agent does not have access information, nei...
Skylar Moyer
Tax delinquent properties, how hard
I would like to target tax delinquent properties. I need some help. I am a wholesaler and am curious if I am going to get a tax delinquent property under contract and have a buyer lined up. If they owe $10k and I sell...
Brent Stanford
NACA FULLY OCCUPIED MULTI UNIT
There has to be at least one room vacant by settlement. All tenants are month-mnt. The seller has to give 30-60 day notice to tenate to vacate the property but does not want to prolong settlement to do so and will not...
Mark Murphy
What is the best way to contact a bank's REO department ?
I'm having a difficult time getting through the gatekeepers at the banks when trying to reach the person in charge of REO properties.
I'm not a buyer. I'm trying to promote a loss mitigation service to them that invo...
Frankie Renaldi
Checking for open permits
Good morning BP Fam. Quick question. I have an investor that purchased a property with several code items lingering which we knew about. What we didn't know about was an open permit from the 80's. Is there a docume...
Stephen G.
FORMING AN LLC: Prior to contract or during closing? Advice please...
Hello All! Happy St. Patty's Day!I am in the market for purchasing another multifamily property, but this time I would like to consider the possibility of rolling it under the protection of an LLC. This leads me to my...
Art Maydan
Closing Cost Questions
I’m looking at my closing disclosure and the underwriting fee is $995 while fees going to the title company are $3,008 and it’s under “Services Borrower Did Shop For”. I was told by the seller which title company we’r...
Kelvin Letron Brantley
Beginner Closing Questions
Hello BP family!Ok I obtained my seller contract on Monday (wholesale deal in SC) and started marketing the property on Tuesday. I got a buyer call on today (Wednesday) and they are very interested in the property to...
Mark Gruetzmacher
Tax Question
Hopefully someone can give me some helpful info. My main concern is with the tax implications.We just purchased a SFR, actually a Manufactured Double Wide on a Basement and 1 acre of land. The property is being purc...