All Forum Posts by: Matt Thompson

moved to another subforum, my mistake

1st deal oppurtunity, have an acquaintance that is losing their home and owes roughly 90k, with actual value of roughly 130k. As of 11/24/2017 I do not know what the status of their current loan is or how behind it is, but looking for what options I would have as far as approach to buy the property pre foreclosure as they still actively live there and the property has been recently updated and in great shape as a turn key investment. Any input is greatly appreciated! Quick rundown on me, my wife is a licensed agent and me and my business partner plan on buying our first deal as soon as we find one. I plan to start an old with me and partner and have him (partner) hold the loan on the 1st deal we buy and I bring the 20% down payment. If any of that info helps. Matt Thompson

1st deal oppurtunity, have an acquaintance that is losing their home and owes roughly 90k, with actual value of roughly 130k. As of 11/24/2017 I do not know what the status of their current loan is or how behind it is, but looking for what options I would have as far as approach to buy the property pre foreclosure as they still actively live there and the property has been recently updated and in great shape as a turn key investment. Any input is greatly appreciated! Quick rundown on me, my wife is a licensed agent and me and my business partner plan on buying our first deal as soon as we find one. I plan to start an llc with me and partner and have him (partner) hold the loan on the 1st deal we buy and I bring the 20% down payment. If any of that info helps. Matt Thompson