All Forum Posts by: Don DeMarco

This is a SFR located at 1002 Mercer St Youngstown, OH 44502. Property has 3 Bedrooms & 1 Bath. Seasoned 12 months of on time payments. Pick up this re-performing loan and get a 12.6% cash or cash return. Monthly payments are $200.00. The UPB is $25,400 and the FMV is 28,000. Asking price $19,000.

This is a SFR located at 21590 Benton Street Thompsonville, IL 62890. Property has 3 Bedrooms & 1 Bath. Seasoned 12 months of on time payments. Pick up this re-performing loan and get a 13% cash or cash return. Monthly payments are $214.27. The UPB is $24,518 and the FMV is 28,000. Asking price $19,750

I am a full time active note investor, I buy non-performing notes and one of my primary markets is FL. I am alway looking for JV partners, if interested please contact me and I will be happy to share how this works

Welcome Sovat,

I am in Silver Springs MD, I agree with Russell, I had properties in Hagerstown and poor quality of tenants and poor appreciation

Are you talking about rehabbing while the HO is still in the house? Because in order to rehab you need to foreclose and be on title and if you foreclose and get on title then you have no HO to refinance???

Welcome Lem,

Sounds like we have a bunch of wholesalers here, anyone wholesaling any non-performing notes?

I have several performing and 2 non performing notes for sale, to see more please go to my web site

Thanks, I look forward to hearing from you

Welcome to BP.  I don't have anything in those area

This is a perfect starter home or investor could rent where the average rent for area is 450mo.

Cosmetic Repairs estimated at 5,000

FMV estimated at 28,000

Purchase price15,900

This is a non-performing loan. Property is vacant

Homeowner has agreed to DIL
Handyman Special
SFR
Property: 3 Bedroom, 1.5 Bath
1300 sf living space
FMV: $55,000
UPB $67,189
Original balance: $55,250

Great for a rehabber

Purchase price: $14,000
Rehab costs: $18,000
DIL costs: $380
Realtor Commission: $3,120
Sell for $52,000

Profit $16,500