William Hochstedler
Can I tie up a short-sale property while I wait for it to foreclose?
A client (buyer) came to me interested in a listed house in the pre-foreclosure process. The listing agent is not local and doesn't impress me as being able to get a short sale done as there are 4 trust deeds on t...
Joel Gierbolini
Bank loan on a 75k property or less, is it possible?
I have notice that many (majority) banks don’t like to lend on a property less than 75k. If that’s the case what happens to those that try to purchase properties that are less than 75k? For example in markets like: De...
Joel Owens
Note buying?? Who is doing it?? What are your returns??
Okay so my commercial real estate brokerage business is great. While I want to make investments what I do not have a lot of is time to devote for a return because that is a JOB.
I do not like hard money loans for len...
Matt Schelberg
Tax Liens - What to do when lien is higher than property value?
Every tax lien auction seems to have its graveyard of high lien properties that nobody in their right mind would bid on. (The $25k house with a $30k delinquent tax bill.) What do cities do to dispose of these proper...
Luke Edwards
Exiting The Military, VA Loan
Hello Everyone!My name is Luke and I’m currently in the USMC. I am going to be departing from the military in approx. a year and moving to Phoenix, AZ. I am looking for advice/constructive criticism on my current pla...
John C
2nd mortgage forclosure
A property with two mortgages is coming up for sheriff sale. The second mortgage, which is a construction loan (and twice the amount of the first) is foreclosing on the property. I was under the assumption that the fi...
Anthony Flores
PM unable to collect rent
I have a PM who is unable to collect rent from the tenant. For last 6 months the rent has been delayed by a minimum of 7 days. When I ask my PM all he tells me is that he has communicated to tenant but they are not re...
Chad Acerboni
Lending options on a STR we have under contract?
Hi All - My business partner and I have an STR property under contract in Orlando, FL that is set to close mid-Janurary. Our goal is to put as little money down, ideally, 10% if possible. Happy to share details (locat...
Benjamin Emery
Hard money lending without down payment?
Hi BP Crew,First time caller, long time listener and new BP member here. The backstory: I have submitted an offer on a rehab through the MLS that my buyer agent (who is also the sellers agent btw) says the owner will ...
Chris B.
Experienced Investor new to site
Hi All,
I am experienced in short sales and I am willing to share some of my knowledge with those who are interested in this area.
Bye for now!