🧵👇
I have a problem on a deal
I need more time and may need to renegotiate
Discussions with 4 remaining heirs have soured
I called the owner today, told him everything, gave him the option to walk
He’s giving me more time and is open to renegotiating, if absolutely needed
That’s rapport
I have a problem on a deal
I need more time and may need to renegotiate
Discussions with 4 remaining heirs have soured
I called the owner today, told him everything, gave him the option to walk
He’s giving me more time and is open to renegotiating, if absolutely needed
That’s rapport
Important news
My wife made meatloaf tonight
Time to loosen the belt 😆
Important news
My wife made meatloaf tonight
Time to loosen the belt 😆
Usually, it's all about getting the interests under contract
When I'm doing curative title work, I don't breathe easy until I get back a clean Schedule C
Usually, it's all about getting the interests under contract
When I'm doing curative title work, I don't breathe easy until I get back a clean Schedule C
Shoot me a message if you want to join me
Shoot me a message if you want to join me
I love solving these puzzles.
Quick chat:
I love solving these puzzles.
Quick chat:
1. Co-owner disputes so bitter they'll lose the house to spite each other
2. People doing everything right but can't get lender cooperation in time
The worst of human nature and bureaucracy — not sure which is worse?
1. Co-owner disputes so bitter they'll lose the house to spite each other
2. People doing everything right but can't get lender cooperation in time
The worst of human nature and bureaucracy — not sure which is worse?
Things my sales associate will never get
* It's the commission model, not him
** He's awesome
Things my sales associate will never get
* It's the commission model, not him
** He's awesome
Big banks have systems, processes, and legal teams.
Small lenders? Unpredictable and chaotic.
Choose your battles wisely.
Big banks have systems, processes, and legal teams.
Small lenders? Unpredictable and chaotic.
Choose your battles wisely.
On every deal I did in 2024, there was someone who said the situation was hopeless
On every deal I did in 2024, there was someone who said the situation was hopeless
- He contributes Lot 1
- We contribute expertise, efforts & capital to resolve title issue, judgment, and tax suit
- We sell Lot 1 together and split the sale proceeds
He’ll use his share to save and sell Lot 2 on his own for full market value
- He contributes Lot 1
- We contribute expertise, efforts & capital to resolve title issue, judgment, and tax suit
- We sell Lot 1 together and split the sale proceeds
He’ll use his share to save and sell Lot 2 on his own for full market value
Not Liam Neeson 😅 just an investor who knows how to:
- Stop foreclosures
- Protect credit scores
- Handle complex title issues
- Give families time to actually breathe
Sometimes that's all people need.
Not Liam Neeson 😅 just an investor who knows how to:
- Stop foreclosures
- Protect credit scores
- Handle complex title issues
- Give families time to actually breathe
Sometimes that's all people need.
Just dealt with someone whose standard contract explicitly prohibited what they were doing.
Experience isn't always expertise.
Just dealt with someone whose standard contract explicitly prohibited what they were doing.
Experience isn't always expertise.
If you're a smart investor, you don't want to talk too early either.
Peak distress is when the magic happens ✨
If you're a smart investor, you don't want to talk too early either.
Peak distress is when the magic happens ✨
I might have an idea or two you haven't considered.
Quick 15-min chat:
I might have an idea or two you haven't considered.
Quick 15-min chat:
- clear title to 1.33 ac
- 1/2 interest in 2.66 ac
- competing claim on last 2 ac
Legals, surveys, and GIS are a shitshow
But price is 35% of market for the 1.33 ac, which we'll immediately flip
- clear title to 1.33 ac
- 1/2 interest in 2.66 ac
- competing claim on last 2 ac
Legals, surveys, and GIS are a shitshow
But price is 35% of market for the 1.33 ac, which we'll immediately flip
Read the full story here: https://problemproperties.beehiiv.com/p/94-hours
It might help someone you know.
Read the full story here: https://problemproperties.beehiiv.com/p/94-hours
It might help someone you know.
- Pay in full (rare)
- Pay reinstatement (preferred)
- File Chapter 13 Bankruptcy (overkill)
Helpful to know the options and relative strengths when talking with folks
- Pay in full (rare)
- Pay reinstatement (preferred)
- File Chapter 13 Bankruptcy (overkill)
Helpful to know the options and relative strengths when talking with folks
Wait too long and suddenly you're not dealing with your lender - you're dealing with a foreclosure trustee.
Different numbers, processes, and zero room for mistakes.
Wait too long and suddenly you're not dealing with your lender - you're dealing with a foreclosure trustee.
Different numbers, processes, and zero room for mistakes.
Best decision-making framework I've found.
Best decision-making framework I've found.
- Avoid a foreclosure on their credit report
- Time to move without chaos
- Fair compensation
Notice money isn't #1?
Expertise matters more than cash when people have real problems.
- Avoid a foreclosure on their credit report
- Time to move without chaos
- Fair compensation
Notice money isn't #1?
Expertise matters more than cash when people have real problems.
At the time, we were priced out of the NY real estate market
We decided to opt out and do our thing
At the time, we were priced out of the NY real estate market
We decided to opt out and do our thing
The high school was a nightmare - overcrowding, gangs, drugs, violence, the whole deal
So, my parents enrolled me in a private high school one city over, in Napa
Completely altered my trajectory in life
The high school was a nightmare - overcrowding, gangs, drugs, violence, the whole deal
So, my parents enrolled me in a private high school one city over, in Napa
Completely altered my trajectory in life
When you’re racing against the clock and docs need signing across state lines, relationships matter more than money.
When you’re racing against the clock and docs need signing across state lines, relationships matter more than money.
Tomorrow's newsletter tells the story of a desperate father who initially hung up on me…
And how we saved his family's home anyway.
Subscribe: https://problemproperties.beehiiv.com/subscribe
Tomorrow's newsletter tells the story of a desperate father who initially hung up on me…
And how we saved his family's home anyway.
Subscribe: https://problemproperties.beehiiv.com/subscribe