But in a Chapter 7, that liability is gone, the borrower is shielded from those future claims.Lastly, regarding short sales, if the homeowner still holds legal title to the property (even if they've emotionally or physically abandoned it), a short sale may still be possible.

Unlike traditional real estate, buying notes lets you be the bank — and you can often pick them up at a discount.One thing I’ve noticed: a lot of note holders don’t even realize they can sell their notes before maturity, which opens up opportunities for both sides of the table.Curious to hear from this community:➡️ Are you currently investing in notes or sticking with physical properties?

I keep lenders in two buckets fund fast 7 days or less no physical appraisal, and more along trad 30 days typical appraisal.  

Then you have the scheduling challenge of finding a handyman or contractor that is available when the tenant is.Some tenants are nice about this, others will go to extreme lengths NOT to allow access:(They can not cooperate by:- Leaving a minor home alone- Leaving a dog home alone- Threatening to get physical- Threatening to stop paying rent and/or cause damageThis may shock many of you who are used to dealing with only Class A tenants, but it is not uncommon when dealing with Class B tenants and is very common when dealing with Class C tenants.

Great question, Marcus — being prepared is a huge step toward building trust with private lenders, especially when you're new.Here’s a simple breakdown of what to include in a deal presentation folder (digital or physical):✅ Executive Summary – A 1-page overview: the property address, purchase price, rehab budget, ARV, loan request, and exit strategy.✅ The Deal Numbers – Include a breakdown of:Purchase priceEstimated rehab costs (line-item budget is even better)After-repair value (with comps)Your profit projections✅ Photos – Before photos, neighborhood shots, and sample finish ideas if you have them.

Having lots of physical branches is a big plus though.

So we started to think, what can we do instead and that's where the physical training and the annual inspections come in.

You’ll want a reliable handyman (or two), a local leasing agent or realtor who can help with showings, and maybe even a lockbox system or smart locks so you’re not relying on someone to physically hand off keys.

Unless you're spec building and understand the elements of it, new builds aren't some physical unicorn. 

With the property manager in place, there's very few situations that require you to come physically visit the property.