This is a 30 thousand feet overview of the process. Correct me if I"m wrong, then a couple questions at the end. Motivated Seller has a property in pre-foreclosureWe set up a Subject 2 agreement with the sellerWe pay...
I was wondering if someone knew of a good spot to review sample legal language for some sample release clauses for blanket loans. We're about to contract with a seller who will finance a small development project for...
Hello all,I recently find out that I'll be PCSing to Korea in a few months. Super excited!! Just wanted to reach out to you guys who have been overseas in Korea or Japan and get some thoughts. Curious, is there any wa...
Hey BP! not having much luck getting responses in the forums, but I'll keep trying. I have been thinking about the worse case or "nightmare" tenant situation. This of course involving extensive amounts of purposeful d...
I'm getting to the point where i should start to look into what an LLC can do for me. My wife really wants to set one up but I can't think of a scenario where i'd be sued for more than I'm already covered. I honestl...
Hi Everyone,Does anyone have a portfolio of strictly turnkey properties? I'm talking about 5-10 (or more) properties that were bought "turnkey", with property management and tenants already in place. No fixes and fli...
Dear BPers,Our third project has been on the market for 70+ days and hasn't sold. DC is a pretty hot market so this is a bad sign. (...Don't want to get into a discussion of that deal on this post though.)As a result,...
Hey guys,I was just wondering if has gone through the process of a bank calling a loan due on a subject to closing? I would be really interested to hear how it went, how much time you had to correct or what actions th...
A friend of mine had a disgruntled tenant who they were about to evict. The tenant poured a bag of quick cement in the toilet and has destroyed the system. Is there any kind of insurance that could have been purchased...
Hello BP flippers & Company,Recently I was advised to hire contractors that can "pull a permit." What does that mean? Please share.Kind Regards