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All Forum Posts by: Erle Mcdonald

Erle Mcdonald has started 5 posts and replied 26 times.

Hi Leslie,

I should be back in town and will 100% try and make it ... Thanks

Post: Investor friendly agent near Carmel/Monterey/CA central coast

Erle McdonaldPosted
  • Developer
  • Bend, OR
  • Posts 28
  • Votes 5

I have a wonderful and very aggressive agent that I have used for over 10 years for my local deals.  PM me and I can forward you her contact information.  She is wonderful ....

Erle

Post: HOA Foreclosure- Mortgage Payoff

Erle McdonaldPosted
  • Developer
  • Bend, OR
  • Posts 28
  • Votes 5

I purchase HOA's foreclosures (liens) all the time. The HELOC is recorded prior to the filing of the lien by the HOA .... it will survive the foreclosure sale (in Florida & California for sure). You can try a Quite Title or Declaratory Action via a license atty .. it does work if you can locate flaws in the title or transfers. Other than than try negotiating with the HELOC. I just completed a settlement that had a 79K HELOC for 15K. Just do your homework!

Good Luck

Hello I am a experienced investor from California.  I currently purchase in Colorado, Texas and Florida.  I am searched for a investor friendly EXPERIENCED agent to help with purchases around 30A in Santa Rosa Beach Florida as well as the Destin Florida area.

Send me a message if this fits you !!! Thanks,  Earl

Call Bill 831-277-2065. I did a complete plan set with him on a remodel in Carmel Valley ... No issues and works with both Carmel By The Sea and Monterey County. Tell him I sent you...

Post: Need Advice on Water Submetering Contract Agreement

Erle McdonaldPosted
  • Developer
  • Bend, OR
  • Posts 28
  • Votes 5

Yuliany, I can only speak for California contracts as this where I primarily do business. I find this clause in the vast majority of business contracts. It is inserted in the contract in part to stop frivolous lawsuits. If you know in advance that if you loose you will have to pay the other persons atty fee's... I can tell you from personal experiance .. you will think very hard prior to filing... That is the reason... Hope this helps.

Earl

Post: Santa Cruz Meetup!

Erle McdonaldPosted
  • Developer
  • Bend, OR
  • Posts 28
  • Votes 5

Tory, I am a very active investor down in Monterey and would love to meetup with some locals & share and listen.... I'll see you on Wed 26th... Thanks for setting it up!

Erle

Post: Looking for Network in Monterey, CA

Erle McdonaldPosted
  • Developer
  • Bend, OR
  • Posts 28
  • Votes 5

Edward, Congrats on the NPS posting! You and your family will love the Monterey area. I am a SFR and Multi investor that lives in Carmel, CA. I would be happy to sit with both of you and give you a quick run down of our local investment scene.

I invest locally as well as nationwide. I have been investing in real estate full time for over 7 years. We do not have a REIA locally but San Jose has several and it's a short hour drive. Let me know when you arrive and we can meet up for a drink.

Until Then,

Erle

Post: Multi Family Insurance - Suggestions?

Erle McdonaldPosted
  • Developer
  • Bend, OR
  • Posts 28
  • Votes 5

Al, Thanks for the insight.

Erle

Post: Multi Family Insurance - Suggestions?

Erle McdonaldPosted
  • Developer
  • Bend, OR
  • Posts 28
  • Votes 5

Hello Everyone...

I purchased a MFR (Quad) located in Alabama. I use Affinity Group (nreinsurance.com) for all of my SFR flips around the country. They do provide MFR insurance but I was wondering if anyone had any other suggestions for insurance on this property. Thanks in advance for the help.......

Erle