All Forum Posts by: Account Closed

cool.

is there a key to winning foreclosure auctions?

obviously its whoever bids more, but how can i make sure that i can bid the most out of everyone w/o putting myself in the red

i have a few hundred grand that i am looking to invest into some rehab projects. 

how different is mobile home investing from SFR or multi-family?

@Adam Hershman

thanks. so basically i would need the tenants to pay extra money to have it taken off their credit report?  you were accurate with what i was going to do

@Randy Frazier

mine was. send letter 1 to credit bureaus

letter 2 to creditors (best buy. collection agency etc.)

letter 3 back to credit bureaus..

i would fle for discrepancy to initiate the process. there is no legal ramifications if they return proof that the tenant was late.

basically we are asking for proof of documentation proving that we were late.

after 30 days you will automatically recieve a copy of your credit report of the results. it will say deleted or verified.

if it comes back deleted, we are done with the process.

if it comes back verified there will be a third letter sent.  basically saying "you didnt provide enough proof to me within the 30 days. thereforeyou must comply with the provision of the fair credit reporting act and drop the disputed items.  if i do not recieve a copy within 30 days showing that the disputed items are dropped, i will have my attorney pursue my legal rights. 

your credit bureau will be liable for 1) any actualy damagesi sustain by your failure to delete the items. 2) punitive damages as the court may allow . 3) costs of the court action plus attorneys fee.

i took a course last year on finding tenants who want to purchase a house but they can not due to bad credit --> lease options

i have a paper that shows me how to fix their credit. basically i file a complaint.  1 letter to credit bureaus, 1 letter to creditors (best buy etc.) and letter 3 to the credit bureaus again.

has anyone ever done this?does it work? heard of it?

 @Brian Gibbons

i sure hope you meant beat*

okay thank you a ton @Brian Gibbons

that helps a lot

this guy has said he would do a lease option.  i checked out the house and he is totally open to doing it.

house is worth 150k.  170k on mortgage.  brings in 1425 monthly, and spends  roughly 4500 annually on taxes .

anything that i can do in this situation? it looks like a lease option wouldnt work anymore right?

thank you @Phillip Trenk

@Phillip Trenk

what do you mean by linking them? is it as easy as just typing my website ulr onto my FB page?