All Forum Posts by: Kurt Brumfield

I am considering moving to Lakewood. info on which neighbor hoods to live or general advice is appreciated.

I am not from there but I do know the area. May not be able to help but I will try.

Welcome to BP! 

I am a investor/broker in southwest Ms. Feel free to inbox me your contact info. Best of luck and talk to you soon. 

Correct Ms doesn't have a law stating limits on late fee. I can tell you first hand when it comes to collecting it through the courts the judge will determine if your rates is excessive. As for this case he ruled that $10 a day up to the 10th of each month was excessive ($100). Hope that helps. Best of luck!

Find out why he believes waiting is his best option. Perhaps there will be some insight and you can focus on solving that issue.

Welcome to BP Darren McAfee . You will find lots of useful info. Best of luck to you.

I am flying out to Denver next week and looking to meet up with other members while in town.

Seems there is a good bit of interest to have a meet up. I'm going to start a thread to discuss the topic. Please join the conversation.

Kevin Humphreys welcome to BP. You'll find a lot of useful informations.

@Paul Timmins It defiantly makes you want to do it again. In fact, I was wanting to buy a home I found going into foreclosure last week and after looking at the true number of what would probably been made I decide to pass on the deal. It could of been an easy flip 3br 1200sqft built 2006 on 1.5 acres with less then 10k in repairs and a sell price of $86,620 with ARV of 120K. However, my local area is affect by the lay-off in the oil field; so, I felt that the house would sell around 110-115k and be on the market for 2-3 months. On to the next prospect, which is a 3br 1800sqft home build in 1985 on 40 acres more or less. It too is going into foreclosure and by what I can tell the owners owe around 110K and the ARV 220-240 depending how much timber or open land is there. I am planing to drive out and check it out today because the sell is coming up in April. Even with all the lay-offs I think this place will sell for 180-200k. This prospect was another reason I passed on the house last week.

Guess I say all this to say not to get caught up in the success from the last deal, and always stay true to the numbers, because they never lie.