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Results (9134)
Don Corson Short Sale - Deficiency Judgements vs. 1099
3 October 2007 | 5 replies

When doing a short sale, what would be better for the distressed seller to do (better for THEIR financial future, not the investors) -- get a 1099 from the lender now, or deal with the deficiency later?
It always de...

Christine Luong I'm leasing my commercial retail property
27 February 2017 | 2 replies

Hello BP Friends,
First timer here and I'm thinking of leasing my commercial property and approached a local agent / broker , she emailed me the contract and wanted exclusivity, what does it mean? What if a future ten...

Bob Flynn Nonperforming Second Note Purchase with BK
15 February 2017 | 9 replies

I've made an indicative bid on a second mortgage that is nonperforming. The first appears to be performing.  The combined loan to value is probably about 80% so there is equity here.  I've reviewed the borrower's cred...

Ryan Magnano Seller took second offer while under contract
18 March 2018 | 7 replies

Hey, everyone.I'm buying my first property. I got the property under contract. I had a 45 day contingency to secure financing. I'm in Florida and the contract was a stand FAR/BAR contract. I'm a Realtor and the seller...

Christopher Sandys A Second Cause in Housing Court
26 March 2024 | 6 replies

In Toledo when performing an eviction, you have two options.  The first, and most common, cause is to evict for possession of the property.  This is the classic "get out of my house" action that most people are famili...

Jeff G. Lease Options, Subject-To, and Repairs
8 March 2015 | 3 replies

So, back in the day before the (in my view wholly unnecessary) Dodd-Frank Safe Act it was common to perform a lease option as follows:Large "option payment" as a faux down-payment.Charge well above market rentProvide ...

Julio Gonzalez Cost Segregation Study on Auto Repair Shop
19 November 2024 | 2 replies

A cost segregation study was performed on this auto repair shop in Nevada with a depreciable cost basis of $1,250,000. The property is 2 stories and 15,000 square feet and was constructed in 2005. The repair shop incl...

Don Konipol “Create” Deals vs “Find” Deals
26 October 2021 | 4 replies

A Lot has been written about how, with the massive amount of capital chasing deals, the negative real return on fixed income and money market securities, and the almost readily available information on the internet, i...

Lance Lvovsky Best way to evaluate current property's financial performance?
14 June 2014 | 23 replies

I would like to put together something to calculate how well my current property is performing financially. Cap rate, cash-flow, cash on cash return, etc.And then I would like for you all to comment and provide your t...

Macintyre Gallagher Where does your profit come from when you buy a note?
19 April 2017 | 5 replies

Where does your profit come from when you buy a note? From what I understand, when you buy a note you are becoming the lender to the homeowner and then they must pay you their mortgage payments per month. Do you then ...