Bob Flynn
Nonperforming Second Note Purchase with BK
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...
Tracey Lewis
How Do I Negotiate on Behalf of Family Friends Willing to Lose Property via Short Sale?
BP Community,This is my first forum post here and I'm also a new investor. I just became aware of a situation where a family friend and her mother have offered to short sale their home with no regard to loss of their ...
Matt Crawley
Is 48 years old too late to start from scratch??
Hello BP’ers, I’m new to BP but not entirely new to REI. I’ve owned rentals and vacation property but lost it all in an ugly divorce. I’m now 48 years old and starting over with not a lot in the bank. I hear a lot of...
Cherisse B.
HELP WANTED: FL LLC, Registered Agent, & Public Address Question
We decided to form and LLC, and opted for creating it via legal zoom. We also decided to subscribe to their Registered agent services, and we were under the impression that we wouldn't have to have our address publicl...
Griffin Fehrs
Tricky situation - To file suit over breach of contract?
Hey all,I am hoping to gather some opinions over an odd situation I am in over a potential deal.Recap:Firstly, this is a would-be fix and flip. The seller and I had initially agreed on a sale price and have a signed P...
Stuart Birdsong
Closing in 3 days, Seller says he wants to keep the House
Hey BPers', I ran into a new one today, I have had a property under contract for 10 days and closing is on Friday. Seller informs me today that he wants to keep the house, despite signing a contract. Contract has...
Ray A Delfi
What if I decided to become a private lender vs being a partner?
Here my idea, please share your take on this strategy and it may have been already be a thing, but I literally just thought of it at the dinner table and abruptly left the table to draw it out on my dry erase board.So...
Dustin Ruhl
Continuing a Trend, Annual Foreclosures Rates Drop in Every State
Real estate foreclosures continue to trend downward. Analysis of property and loan data shows mortgages and real estate loans in the United States are showing a marked decrease in the likelihood of going to foreclosur...
Kevin Reid
Contract termination due to medical issues
So long story short I have a friend in Florida that is selling his house. They signed the contract for it 4 days ago, but yesterday his wife was put on bed rest for the next few months. So they will not be able to mov...
Dee Brock
Partnership with friends. Terms
My friend and I are going to try and team up on some deals. I just do not know exactly where to start. We agreed that we will split everything 50-50. I am curious of people out there who have done the same and what ki...