All Forum Posts by: Ann Howell

Hi all -

I am planning for buying my first turn-key rental.  I am looking for a real estate attorney to review paperwork and provide advice as an objective third party.  Someone based in Houston would allow for in-person consultations, but it can probably be done virtually as well.

Thanks!

thanks for the info. I'll work on my profile!

Hi all - I am new to Bigger Pockets, and I am exploring several investment options.  One option is to buy first position, performing notes.  I want the monthly cash flow more than I want to get the property.

However, I am unclear on what happens if I have to foreclose.  I understand that it would involve a legal foreclosure, and I would end up with the property.  But would I also inherit other liens against the property?  If the owner took out a second position note, would I be responsible to pay for that? Would I be responsible for unpaid taxes and/ or tax liens that came after I got the original note?