Gordon F.
How can an investor bid on their own foreclosure property?
Let’s say the worst case scenario has happened, and now you’re at the auction for the property you had to foreclose on. How can an investor afford to open the bidding at the price of the UPB and costs? If you win, d...
Michael Galloway
"Stop Foreclosure with Bankruptcy" could be Bad Medicine
Just as the drug industry has disclaimers, so should attorneys selling services of the cure all "Stop Foreclosure with Bankruptcy"
I see advertisements all the time for "stop foreclosure with bankruptcy", I have not...
Michael Newman
Deal Analysis -- 8 unit South Side Chicago,
Hey all, Hoping to get some assistance on the property analysis below. I like this property itself--recently renovated, big units, good area, and the $ per unit while on the high end has some comps likewise in the a...
Grant Bublitz
First Duplex Should I LLC?
I am about to close on my first duplex and will be living on one side (top) while renting out the other (bottom).Is there any reason to put the duplex in an LLC?Just have the rent made out to me and have a new checkin...
Jamie Hogan
Charged Off - What does it mean?
I have a friend that had someone else managing their money. Several mortgage payments were missed. I guess the bank had someone drive by the house and saw that it’s in terrible shape. They determined that it would ...
Michael Vaughn
Corporate Advances/Deferred Balance
Hey, Started to gate tapes from different sellers recently and i noticed a few columns which i'm not sure how to interpret and what is their impact - Corporate Advances/Deferred Balance, can anyone shed some light? is...
Josh Kindlesparker
Preforeclosure "subject to" and Bankruptcy
If I buy a property "subject to" from a seller in Preforeclosure. I make up the back payment of $7500. What if the seller then files Bankruptcy? What protects me, if anything, from loosing the property and cash?
Is ...
Lisa Marie
Additional capital contribution or loan to my LLC?
Hi, my husband and I are 2 members of an LLC (treated as a partnership). We decided that it's easier to buy a rental property using cash instead of trying to find a mortgage under the LLC name. We have some cash sav...
James Bordeaux
Pickle in a Fix and Flip
Hi Everyone,
So, I took the plunge. I bought a house (Tax Lien). Last year. 8 to 10 weeks to renovate, but I got road blocked with a redemption and lost about 2.5 months of work and holding costs. Then house gets bro...
Linda M.
Deed of Trust vs Holding a property in a Trust
Is a deed of trust the same thing as holding a property in a trust?