All Forum Posts by: Nick J.

We can't let the Texas guys take all the thunder :(

Recently, a few of us met up for breakfast with Rich Weese and I thought it was a great time. Maybe some local peeps would like to do a BP meetup.

I haven't read the article yet but how do you sue yourself?

thanks! I just cleared my sent request a few minutes ago. Thanks for fixing that!

Its crazy how this conversation has completely shifted gears.

OP, there is a lot and I mean a lot of previous discussions regarding this. I believe I answered your original question. I would highly suggest using the search function here on BP. Chances are, your questions have been asked before and great answers have been previously given.

Vincent D. it is most certainly still possible to do a 'double-close'.

I helped a colleague of mine(I acted as the Realtor) just a few weeks ago. Of course, nowadays, you don't use the end buyers funds to close your A-B and its really no more than 2 separate transactions.

I believe the terms double close and back to back have been synonymous with using the end buyers funds which I agree that no title company would do that anymore. Especially since most lenders restrict your ability to do that through their approval letters. I guess it would be the difference on how the term is perceived.

Commonly, as with my recent transaction. Buyers(the middle men) came in and closed with hard money and then immediately(actually, 31 days later as the lender put a 30 day hold on title) re-sold it. They cleared nearly 30k in profits which is uncommon in my experience as of recent. I think they just got lucky.

http://www.biggerpockets.com/colleague_requests/pending

I had something come up that said I wasn't allowed anymore active colleague requests I decided to go in and delete some of the really old ones.

I went to the networking tab, scrolled down to sent requests, clicked on it and it took me to a page that apparently doesn't exist? Joshua Dorkin, can you tell me how to clear out my sent requests purty pweese

its pretty much been that way for a long time now. You're gonna have to actually close on it whether its your own funds, hard money lender or transactional lender and then immediately resell it to an end buyer.

Did the attorney end up in prison or his client was in prison?

Ibrahim S, I've only ran across once where the seller was locked up, I chose not to pursue. Call me a wimp but I just get nervous dealing with that type of seller. I'm afraid that they can come back and say they signed whatever it is that they signed, under distress. Again, thats just me bc I'm a big 'ol scaredy cat

I'm finally feeling well enough to even get out of bed and function.

I showed up and got hit hard with what I'm assuming is the flu. I get to the Hyatt, apparently, after paying and confirming and then calling back to re-confirm, they said I never did.....

That was an embarrassing blow. As my apparent flu was getting worse by the minute. The body aches and the fever rising. I had to set out and walk to find another room at another hotel.

Once I got that all squared away. I literally slept until about an hour ago. I got up, changed my flight back home to tonight instead of Sunday. I missed a lot of calls and texts. To those who were calling and texting me, I apologize for not answering. I was crashed out hard.

So, there it is. If I didn't have bad luck this weekend, I wouldn't have had any luck at all. Now, I'll have to wait until the next one and hopefully its not in a city that apparently hates those who hates that Manning is now their quarterback.

If I ended up getting any of you that I did meet sick, I'm truly sorry.