All Forum Posts by: Josh Crawford

Thank you Byan! I wonder if anyone could spam me with a name or two - of the real estate attorneys with whom you worked in the past (or maybe still working)?

Thanks!
Josh

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Damon,

This comes down to the question of what are you trying to achieve at the end. If you are only interested in the cash flow, then notes will give you that with less hassle. The entry barrier is somewhat higher though. Landlording, on the other hand, may be less lucrative cash-wise but allows you to build equity on someone's else dime, which you could later use as leverage. So it is more about your medium-to-long term goals

Cheers,
Josh

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Hello dear BP friends!

I've been tiptoeing around investing into notes for quite some time and finally ready for the plunge. Here's my question: since I'm a "newbie", do I need to have a lawyer reviewing the paperwork on the note(s) or is it something I could do on my own?

Cheers,

Josh

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Originally posted by @Matt Sicignano:

There really is no nationwide eviction reporting service that I know of. Some states maintain them (I think NY does for public housing purposes) but what you are really saying is how do I put on record that fact that he may be a bad credit risk, and for that I commend you. Simple answer is nationwide credit bureau's only look at late pays from companies with accounts with them, public judgments and public collections. You will have none of them unless you have monetary damages and can prove them with a favorable ruling in court (usually small claims) and at that point you would request that the judgment be granted, and it becomes a public record which usually gets picked up automatically by the big 3 reporting companies. And you may rent the place quickly without any monetary damages ( you usually do have to mitigate the damages by attempting to re-rent) and thus have nothing to go to court for. Evicting someone is only for the purpose of legally obtaining possession of your property, and doesn't automatically give you a monetary judgment nor does it usually affect the credit. You have no adverse possession issues, so evicting would be a waste of time and money, since he is giving up his rights to the property (and you should get that in writing). You can always sue him later if you do suffer monetary damages.

Thank you Matt! That's exactly the information I was looking for.

Cheers

Josh

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Originally posted by @Ralph Pena:

The eviction will show as a judgement once the courts say so. And then report the debt to the credit beurus and maybe even a debt collection service. You may not get it, but if a future landlord screens them it will show.

Can I still evict him even if he is leaving at his own accord?

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@SueK - thank you for the very detailed response. Fortunately, the unit is NOT in California so much less madness... Still, the question - how do I make sure the fact that he broke the lease appears on his rental history? I'm *not* talking about deposits and such - I'm only curious how to report an unscrupulous tenant? And what bureau/association do I need to contact? Any ideas?

Thanks

Josh

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Dear friends,

One of my tenants has a family situation and is moving out early, way before the lease is up. While I'm trying to be friendly and understanding, I also would like to explore my options as far as making it stick (should things turn south for any reason). My questions is: how do I make sure this early termination appears on his rental history? What agency or association do I need to contact?

Cheers

Josh

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@Jerry - Thank you for the links! By the way, out of curiosity - is there a particular reason you prefer other counties over Maricopa?

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Originally posted by @Boyd McClean:

Try this Foreclosure

Thanks Boyd! The link has lots of info but they mostly talk about the non-judicial foreclosure and barely touch on the question I'm trying to clear... Have you ever had to foreclose on Arizona lien?

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Greetings everyone!

I'm considering buying a few tax liens in Maricopa and one question I have not been able to find the answer to is: what happens when the lien holder files for the foreclosure (however unlikely, it happens)? In some states, the lien holder gets the deed, in other states the deed will be issued but sold at the auction (aka "upset auction"). How does it work in Arizona? Does anyone have first-hand experience with foreclosing on liens in AZ?

Thanks!

Josh

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All Forum Posts by: Josh Crawford

Josh Crawford has started 3 posts and replied 10 times.

Post: Do I need a lawyer to buy/sell notes?

Post: Performing Notes or Landlord???

Post: Do I need a lawyer to buy/sell notes?

Post: Tenant is walking, how do I report it?

Post: Tenant is walking, how do I report it?

Post: Tenant is walking, how do I report it?

Post: Tenant is walking, how do I report it?

Post: Are there "upset auctions" in AZ?

Post: Are there "upset auctions" in AZ?

Post: Are there "upset auctions" in AZ?