All Forum Posts by: Akshay Wattal

 Thanks, Mike. The third party attorney who was handling this company legal stuff, responded there aren't any funds available its not there. Owner must have done something with it. In this case, should I just contact an attorney to help?

Hi all,

The owner of the property management company managing by rental unfortunately passed away a month back. Their attorney had reached out and mentioned that the company was out of business. The tenant had prepaid the rents and we were able to find all the documentation and shared that with their attorney today. Question is what happens to the money now and what are my options to recoup the money? Thanks for the guidance!

Thank you @Tim Herman and @Chris Seveney

 Got it, thank you Jeff. That is what I was assuming as well, thanks for confirming, appreciate it. 

 Thank you, will do!

Hi folks.

If a property is a delinquent real estate, meaning there are overdue property taxes that have not been paid by the seller for the last couple of years, who is responsible for paying those taxes at closing, the seller or the buyer? Any risks here? 

Thanks

-Ak

Looking for recommendations on DSCR lenders who would do DSCR loans under 100k in Cleveland, OH area. I can qualify for conventional loan, but I'm looking for delayed financing with better LTV and think DSCR loans can offer that. All the folks I have spoken to have $100k min, and searching through the older posts here could not find much leads. Appreciate any guidance!

Thanks!

-Ak

@Adriaan Sierra - What were/are some good investment areas/neighborhood? I started exploring Cleveland area and would appreciate any insights. Thank you!

@Sunal Gupta - Came across your post, did you end up finding a CPA for your scenario? Thanks!

Thank you @Stephen Dougherty and @Baird King. You both highlighted similar points to use HELOC for short term financing/hold and I understand why. Thanks for providing that clarity.