Gordon Burwell
Family equity pitfalls and consequences?
Hello all, I have a family member that has a decent property 4bd 2b 2 car detached garage on about 1-2 acre value is around $230–250 and if cleaned up and in perfect condition $300+. Now the property is free and cle...
Daniel E.
Pitfalls of Buying Severely Delinquent NPLs
Does anyone have experience in buying severely delinquent NPLs? What are some of the pitfalls? For example:Borrower has not paid since 1995. 10-year statue does not start until maturity (2017). Appears no contact has ...
Ramon Mota
Owner Financing how to and pitfalls
Hi I'm new to selling property. We have a restaurant that is paid off and would like to sell. We received out first offer and they want owner financing. How would I set up a contract that protects my interest and will...
David C.
Managing your own multifamily property.....pitfalls.
To the BP Crew,
While I have a great deal of experience in the STR/LTR side of SFHs, but am now just entering the multifamily sector. I was wondering who might be brave enough to share any unexpected pitfalls/strugg...
Rishit Shah
Common pitfalls in landlord insurance policies
Hello fellow investors,I'm a beginner investor looking to purchase my first rental property. However, I read Brandon Turner's book "The book on rental property investing" and the section on lawsuits got me a bit nervo...
Jeff Kaller
Buying Foreclosures – Be Aware of Pitfalls
There are great benefits to buying foreclosures. For one, you can make money re-selling a foreclosure, especially if you can do it through a short sale.
At the same time, there are some pitfalls that you should be aw...
Robert Paxton
Wholesale Hybrid Scenario - Problems and Pitfalls?
Hi all, I'm new to BiggerPockets. I have a wholesale question I was wondering if you could help me with:An LLC owner solicits a distressed homeowner who is facing foreclosure. The LLC purchases the home from the distr...
Shaun Morgan
Partnership pitfalls to look out for
Hey everyone, I am looking at a deal that another investor is selling because he didn’t have the cash to complete the rehab. I could either do one of the three houses by myself or I could partner with him to do all th...
Austin Moran
Pitfalls with purchasing notes? Due diligence
I have the opportunity to purchase a small note on undeveloped land which was purchased with the intent to clear and build. Below is my checklist. Am I missing anything critical that needs to be answered before invest...
Eva Meyer
Newbie intro and pitfalls to avoid?
Hi everyone - I am a newbie and just joined the community yesterday. My financial advisor recommended that I look into real estate investing to help diversify my portfolio. I'm going to spend a lot of time on the boar...