Jeremy D.
Highest and best tactic
I'm making an offer on a foreclosure listed for $26k. There are 5 offers on the property including mine. My agent suggested that I offer $26k, but put in a clause that i'm willing to go $1k over the next highest ...
Steve Dussault
Need Help with Out of State Owner Mailing!
I recently sent a letter to the out of state owners in my county. It's been about 4 weeks and so far I have 32 responses out of 544 letters sent. The letters were hand addressed/stamped and this is a 5.9% response ra...
Account Closed
First Investment Property (Househack)
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Grand Rapids.
Purchase price: $133,000
Cash invested: $11,000
A duplex on the Northeast side of Grand Rapids minutes from ...
Jeff Caravalho
Oregon foreclosure question
Hi BP, I have a foreclosure in Oregon that I need some advice on. Property is in Oregon, worth about 280k, 1st mortgage is around 190K, second is around 100K, (repairs are done). Story from homeowners (who are frien...
James Canavan
Tax deed sales in Florida
Does homestead exemptions affect a tax deed sale in regards to an investor purchasing at an auction?
Julian Buick
Why would someone sell a "perfectly good" seasoned performing note for 60-65 cents on the dollar?
I posed this question on a recent forum post and got this response:To address your question we have to pause on the idea that you implied of "perfectly good". Is perfectly good the simple notion of payment history? ...
Armando DeGuzman
Private lender foreclosure timeline
Have been offered an off market deal through a private money lender. The lender has offered us a property that another rehabber has defaulted on. The owner of the property is in jail and the lender plans on assigning ...
John Perry
Bid On House Subject to 1st mortgage... Advice Needed (Ohio)
I bid on what turned out to be a a 2nd mortgage in Ohio. The house is worth around $300k. I paid 258K at auction. Looking through the court records I can see that the 2nd mortgage was awarded ~100k. There are around ~...
Jenny Peters
Question about percentage of ownership in tax sale- Louisiana
I'm a newbie considering bidding on a few properties at an upcoming tax title sale. I'm in Louisiana and I'm a little confused about the bid-down percentage method we use. In the unlikely event the owner goes the full...
Sam Leon
Unique issue with a REO home preventing investigation
I have a REO home that I am interested in however there is a very unique situation.
On the outside of one corner the siding has rotted out completely and the home has been vacant for over 2 years. Roof leaks, termit...