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So here is the scenario:First Lien is $150,0002nd Lien is $40,000FMV: $80,000Borrower is 120+ days late on both mortgages and is in Chapter 7 Bankruptcy.Assuming the Property Taxes + Late mortgages there is about $20,...
Hi all, Looking for advice on purchasing of a 2nd non performing.Note is for 4 bedroom , 3,000 sq feet miramar, florida, 33027.Note seems to me have partial equity.Property BPO $350,000First Mortgage is convensional. ...
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A couple of days ago I read about a newbie on here that was about to make $200 cash flow (I've made the same mistake) on a huge risky investment.
The pros weighed in and one stated "you can make more money managing so...
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I am looking at buying SFR as long term rentals and stumbled across Kansas City. I see properties that range in the 25k to 50k range that can rent from 650-800 a month. Those are good cash flow starting points.
Are...
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I have been investing in the stock market for quite some time and since I'm in for the long-run and I'm not obligated to pay monthly dues, I have some peace of mind. If, for some reason, I stop working and d...
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I received a bill for $1,300 from the sewer company, basically all of my cash flow. Is it common practice for the landlord to handle this? The units are not individually metered. Could I charge a set amount per month ...
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Ok, agents....I am ready to take the exam in the state of Michigan. I would love to learn from others' experiences, so tell me, what are some mistakes that rookie agents make? It's a pretty vast and overwhelming world...
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Millions of Americans skip payments as tidal wave of defaults and evictions looms - NPR
https://apple.news/A-WYJ-9SgSvWi5U9hwSKQ3w
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Hello BP forums!
First post here and I am completely new to real estate investing.
I live in Connecticut and I have settled on wanting my first investment to be in Connecticut. This is currently the only thing I am ...
My wife and I are new to this whole REI thing and are learning as we go. We have started to look into wholesaling and have seen many success stories and advice on how to complete the process from start to finish. Th...