Marty Davis
Newbie needs advice, I saw something I dont understand
I was at a sherrifs sale in november and saw a property with a sale price of 360k in 2005 (8 plex) which the bank was forclosing on. The upset price was 166k and no one bid. The bank got it for a dollar. This past Mon...
Phil K.
HELP! Neighbor Invasion - Taking Over my Mom's Property
Years ago, my mother purchased a small lot of vacant land inside a small town in northern California. My mother hadn't checked on the property in over five years, and recently received a notice in the mail from a tow...
Avrom W. Smith
Using a Virtual Address to run your business remotely
Hey BP,
Currently, I'm living "Down Under" and continue to run my business remotely. Lately, I've been looking into a virtual address for my business? (My current business address is registered under a relative. As ...
Leonard L.
Help me Market to Foreclosing Lenders - Want to Buy Their Loans
I am considering sending my first batch of letters to lenders who have filed a Notice of Default in my farm area. The idea is to buy the defaulted loan at a discount where there is equity in the property. My ques...
Tim Crosby
Differences in Rehabbing a $150k House vs a $250k House
So, I've been looking for a house to flip in my area and I've been purposely looking around the $150k ARV price range. Surprisingly, the biggest problem I've run into is funding. It's not that people don't want to len...
Steve Olafson
Hard Money Lending
I am investigating the concept of lending money for apartment/small commercial projects in Arizona. Does anyone have any experience with this that could share pitfalls or positives?I already invest in apartments and ...
Derek T.
Fannie Mae and Private Investor Question.....
Sorry this is the first time I am dealing with a Fannie Mae property and I want to get BP's input before I ask the listing agent.......
I have a property closing at the end of the month and I just heard tha...
Will G.
renters in trustee sale
Hi all,
I just purchased a property via trustee sale at the county courthouse steps in texas, and then learned that the previous owner agreed to rent the property to a couple before the sale. Do I have to honor that l...
Frank Celio
understanding terms and conditions of private money lender
I am new in Real Estate and was approached by a money lender in a FB group page. He told me he could finance my first real estate deal at 4% on the loan. I liked the interest rate but I asked him what were his terms a...
Vladimir Khorikov
Tenant wants to test water for copper
Hello everyone.A tenant just moved in, says the water from the kitchen sink is blue and wants to test it for copper:"My water from my kitchen sink was blue this morning when I went to rinse a glass. It’s not remaining...