George Frye
Due Diligence on Non Performing 1st
I have been studying several notes I have recieved in my email. Most of them are non performing 1st. Could someone who is familiar with working with non performing 1st please help me in how to properly conduct the ...
Greg Gaudet
Enforcing purchase contract - seller canceled breaching contract
Aloha all, I’m buying a rental property, half way through escrow (45 day escrow bc I’m using a mortgage since sellers not in a rush). I found the deal off market, but still suggested the seller pay a realtor 1% to wal...
Emory Crawford
Non Performing Note Investing
Does anybody know why fix and flip investors don't just purchase the non performing notes on properties and flip them from before the auction? Don't know if I'm making sense, but I figured I'd ask...
Tim S.
2nd position exit strategy
Hi Note People,I'm trying to learn more about NPN 2nds, and wondering about this scenario: (assume 1st is performing)If I have a 2nd position Non-performing note, without enough equity to even cover the first, or just...
Marco Bario
Notes For Sale @ Price Exceeding UPB
I was just looking at notes for sale on FCI Exchange and noticed a few of the Non-Performing 2nds priced >100% of UPB. They also happen to be in bankruptcy.Here's one:• Seller Asking: $43,196.47• Current Balance: $...
Tim McGarvey
Approaching Multi-Family Offers with Limited Data
Hey BP - I'm hoping to get some feedback on a project I'm rolling out shortly.I have a list of multi-family properties (16-120 units) in multiple cities that I'm interested in purchasing in North Carolina, Tennessee, ...
Benjamin Eccles
"On campus" Investing
Hello all,
I am wondering if anyone has had experience and/or success doing rentals on/near college campuses. It seems like a great idea to me to get into a 4 unit apartment fill it with college students who are will...
Karthik Kumaresan
Tenant Trashed the property in Ocala managed by Resolute (Clear) property management
I own a property in Ocala that was managed by Resolute property management now known as Clear property management for the past 2 years. Rent was paid on time and didn't have any issues. However when tenant vacated in ...
Joe S.
How do you handle a NON agreed upon price bump?
How do you handle price increase by your contractor that was not agreed to by both parties? If you have been rehabbing Houses then you realize that it is common practice for the contractor to try to do an add-on price...
Brian Ness
Buying multifamily, seller broke contract.
We are new investors trying to put together our first deal and working with a real estate agent. Our agent found a distressed property, which was listed on the MLS, we thought it had potential and we made an offer. Ou...