Roy Vereen
Protecting Your Personal Assets
Hello BP,I am a newbie from Columbia, Md. I am in the process of creating a LLC to protect my personal assets from my investment assets. Question, once this is done will lenders check the credit score and finances o...
Matt Morgan
Parents battling foreclosure for years
My parents built a home in 1999. It's appraised at 430k. They have been battling foreclosure for well over 5 years. Just barely scrapping by to keep the loan current the best they possibly can.They owe $141k on the fi...
Amanda Thompson
Change in Management Notice laws?
WOW dealing with my first super high conflict tenant. QUESTION: Is there a law (I know different states vary) that a tenant must be given 30 days written notice of management change? Background: I just took over manag...
Gary Fischer
New member from Dallas, TX area AND Northwest Florida
Hello everyone my name is Gary Fischer and I'm currently living in Parker, TX, part of the DFW Metroplex. I lived here from the time I was 9 to 37 then relocated to Seagrove Beach, FL for 11 years and now I am back in...
Micah A.
Can note lender contact borrower directly?
Is it legal for me to contact borrowers directly to discuss modifying loans?Currently own two non-performing junior liens in Connecticut. I have an LLC which I used to buy notes and currently have both notes boarded w...
Derek Daun
Seller messed up - Bank threating to forclose. Is there still in this for me?
I'm in the process of negotiating an offer on a SFR.Offer = 145k. This is buy and hold for me; but I'm guessing the ARV is about ~160k after a little paint, and landscaping. This isn't fantastic deal, but it fits my m...
Daniel Pitta
How legally binding is a promissory note ?
I have a good friend who is a GC and investor here in the DC area. Long story short, he’s able to locate offmarket deals and uses private lenders to help fund the rehab costs, in exchange for a percentage of the profi...
Glenn Earl Adkins Jr
New & Need advice (In Foreclosure)
Hello everyone I am so excited to be making my first post on here. Before I jump into my current situation (I'll list it at the bottom in as much detail I can) I will tell a little bit about myself.I am 26 years old f...
Laurence K.
BPO not even close to true value
I'm an international investor from Australia, I purchased my first ever note in November 2015. It was a non performing first mortgage with an UPB of 116k, secured by a triplex in Luzerne County, PA. It was in the fina...
Calvin N.
Low offer on note of condemned house
I located a property that has a note for 140K. The note holder, an out of state financial company is eager to sell. The house was condemned by the city. The judge has given until March 28 to begin repairs or the house...