Ann Howell
Assuming risk when foreclosing on a note
Hi all - I am new to Bigger Pockets, and I am exploring several investment options. One option is to buy first position, performing notes. I want the monthly cash flow more than I want to get the property.However, I...
Alan Lee
Need Help! Bought 2nd mortage at Trustee Sale
I am writing to seek some help with a recent property I just acquired (or so I thought). I have been attending trustee sales for a few months now, and finally pulled the trigger on a property this morning. However, a...
Julie McCoy
Pros/Cons of originating a note
Hey all! I'm new to this topic, though not at all new to BP; you'll usually find me over on the vacation rental forums. However, I'm looking to begin to diversifying into a more passive asset class, so I intend to b...
Andy B.
Landlord supplying utilities to Tenant
Why would a Landlord want to buy utilities from the utility and then bill Tenant for the cost? I am asking mostly in relation to office/retail property but answers on apartment and even single family might help.
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Shearill Brown
2nd Lien behind in payments
I have a scenario I would like to run by you all. My fiance has a property she bought with an ex who is long gone. She has a 1st and a 2nd. When they split they made an agreement that she pay the 1st and he pay th...
Terrence Evans
Possibly a dumb newbie question regarding NPNs
Ok so let's say I buy a a non-performing note for 30 cents on the dollar and I know that the area is someplace relatively depressed like say Detroit.Let's say that the balance was $30k and the property is worth half t...
Lizina Green
How to obtain a foreclosure that has not been posted.
There is foreclosure in my area that has been seized and has been in the foreclosure process for over 2 years. It has not been listed for sale and still under the direction of a law firm. Has anyone been able to purch...
Brooke Williamson
Section 8 has not paid the agreed rent increase.
I have a tenant that is section 8. She has been a tenant for 10 years. Over the last 2 years we have been trying to get a rent increase from section 8 as taxes, insurance, and market values made have increased. We fin...
Natasha Randolph
CONDO ISSUES-Oak Park
Good Evening!!! I haven't joined discussions recently as I am working a deal and trying to complete the extensive renovations. I got word from my property manager today about the issue below. I submitted this letter...
Tim Dyer
2nd, 3rd,4th BRRRR
I am just starting my first BRRRR and in the process of the rehab portion. I want to start looking for my second BRRRR but wanted to know if/how some of you are doing 10-20 BRRRR per year? I am not getting my money "b...