All Forum Posts by: Dimple Khurana

What's the overall success rate for collecting on these types of delinquencies? 

What is the industry % of collecting on past delinquencies, and what are the best strategies to do for a large suite multi-family portfolio? 

How do cap rates differ by city/state? How do I find what things are trading at for my city? 

Hi does anyone have a detailed remodel draw schedule ? Please PM me.

you're right, i'm an investor. i'm not hiding that. i'm asking if i could sit on it for a year. asking about penalties out of curiosity and as a way to learn why these rules are in place and by whom. no ill intent, just knowledge. 

Hi. I'm unfamiliar with this territory so apologies if my terminology is off. I am the second lienholder on a property that's been in default for 10 years. The loan's been sold and is being serviced by a company in California. Does that mean they own the note now? I'd be interested in buying out the first note, at a discount, given it's not yet been foreclosed on in 10 years or so, and I want to take control of the situation. Is it worthwhile to even entertain this? Original balance on the loan was 1.3M in 2009. Now with fees payoff is probably 2M+. Property probably worth 2.3M. My second lien is 400K. Would they entertain an offer from a second lienholder to buy the note? Or what about an external investor without a lien? Do they care who's buying it? 

I'm paying all cash. So I'm unclear why there are rules for the purchase of the bank owned property. What are the penalties, and from whom? 

I am looking at purchasing a bank owned property in Kansas which is only reviewing owner occupied offers for the first week, and then will look at investor offers. What are the owner occupancy rules, e.g. could I sit on it for a year as a second home, and then rent it out after some time period? 

Hello. We have 10+ properties in Kansas that I want to move out of our individual names into the proper entity. I've heard various things about each property being in its own LLC, dividing them half and half, etc. Which is the safest structure while also being simple and easy to manage? I know different states have different options, would love advice. Also any attorneys or tax folks that can help create them, or could I Just do it online?

One other question, maybe a dumb one -- I've heard that it's risky to bid at an auction because you never know what other 'liens' are on a property that's sold at auction. So if secondary liens get wiped out, what's the risk of bidding at auctions?