All Forum Posts by: Dulce Davis

Thanks so much for the detailed response. I dont believe I like the idea of one bad property putting all at risk. Plus if the requirements are tougher ($$$), that would hurt a smaller investor as I am. Looks like I need to stay the course as-is.

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Houston, Texas

Quote from @Chris Seveney:

@Dulce Davis

Some private firms would consider blankets but they are gonna cost 2x traditional financing

I would take the one with no mortgage and leverage that to buy another and keep doing that - also once in a while may consider selling some inventory to get more cash

Yes I thought about leveraging that one too. My plan was to start selling a house or 2, in maybe 8 months once the tenant pays down the mortgages a bit more. Thank you!

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Houston, Texas

I hear that it's hard to find someone in Texas who will do blanket mortgages. Another lender who is also an investor, says its really not allowed in our area but she knows it happens. What are y'alls opinions on blanket mortgages?

I have 5 SFRs so far. Four mortgages have a balance around $90-100K, with values ranging $135-165. One property has no mortgage. I'm wondering if it would be an option in my situation to do a blanket loan for scaling. Or, just keep going as I am, doing delayed lending to cash out after I make repairs and get a tenant in them. Pros vs cons?

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Houston, Texas

Quote from @Steve K.:

Have you tried using skip tracing software to find contact info for the owner and the local fiduciary in order to get in touch with them? I've been using Forewarn lately to verify buyers/sellers and it has worked great for me (free for Realtors at least in my area, $20/month otherwise I believe). I was using spokeo before and it's also good, you can pay by the search so you don't have to buy a monthly subscription or batch/ contact list. There are probably some available with free trials and I've heard some of the free ones are actually pretty good these days too. Just enter an address, a name, an email, etc. and they find the rest of the contact info for that person. You could also look up the public records for last time the property sold to find out who the agent was on the deal who represented the buyer, and contact them as they will have contact info for the owner.

I have forewarn but no luck there. I did do a sales search but didn't provide results either, other than the listing agent who played dumb saying she has no info. Ive turned my info over to a professional wholesaler in hopes they have better luck skiptracing the owner.

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Quote from @Dulce Davis:

Quote from @Dee D.:

You don't need a burner phone. If you have an iphone you can download a free app called "talkatone" gives you a free number. It has ads but it's free. And great for those things you don't want to give your real number to.

I have an Android. I'm betting there is an app for Android, I just wouldn't know which is legit. I can Google it and try to find one. Thank you for that idea

Awesome thank you!

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Quote from @Dee D.:

I have an Android. I'm betting there is an app for Android, I just wouldn't know which is legit. I can Google it and try to find one. Thank you for that idea

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Quote from @Bruce Woodruff:

Quote from @Theresa Harris:

The city has to have a way of contacting the owner unless the owner isn't paying their property taxes. I agree with Bruce.

For the PM, if you know the company, call them and say you want to look at one of their rentals and ask them to call you. Don't say anything else in the message.

Theresa.....you have the best ideas. That's just sneaky!

❤️❤️❤️I need to use another phone too, they probably are keeping an eye out for the number i used😁

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Quote from @Matt Devincenzo:

Quote from @Dulce Davis:

There is a legal recourse to do this...it is called 'Adverse possession'. If you seriously want to clean this up and are willing to take a risk, I would absolutely switch things into my name and begin taking care of the property as my own...it takes up to 10 years, but if you'd be willing to start caring for the property and were able to at least rent as a break even, pay taxes etc, then it's no big loss if the owner came back and stopped your claim. The benefit for you is in the neighborhood being cleaned up...and maybe in 10 years you own the property...

An atty told me i may still not receive it after 10 yrs. He didn't act very confident in my chances at all. Its such a huge risk, I'd rather just buy it if at all possible.

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Quote from @Bruce Woodruff:

I just remembered this one. My last neighborhood had a hoarder that wouldn't clean up his property. He eventually got too much pressure and fines from the County and did take care of it. But as the neighbors did our research, one suggestion (from a Retired Sheriff friend) was to sue. Small Claims or Civil.....your choice.

You can always sue anyone, anywhere, for anything. Since the owner lives in Japan, he would not show up and you are 1) awarded the Judgement. You then 2) Record the Judgement and wait a little while. 3) Then Lien it. You may end up with the place if the owner is not paying attention! Read this: https://www.nolo.com/legal-encyclopedia/collect-court-judgme...

I thought about that, but on another case i was told that the person I'm suing has to be able to receive the court serving notice. I better ask this JP office that question. Thanks for this❤️

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Quote from @Bob Stevens:

Quote from @Dulce Davis:

Quote from @Bob Stevens:

Quote from @Dulce Davis:

I have a vacant house a couple doors down from my personal home, in Texas. It has squatters in it. The police have removed them twice so far but they just come back. The city sent notices to the address on the tax records, which is a property mgmnt co. I've called the prop mgr but always get vm, and he never calls me back. The prior prop mgr told me the owner lives in Japan. I found a guy with same name on FB, but no response. The code enforcer says hes never heard of our town confiscating properties. They only put liens for the money they pay for boarding it up and mowing. Does anyone have an idea on what I can do? I can't even reach the owner to see if he'll sell it to me. It's reducing our prop value and dangerous with the squatters. We have 2 school bus stops right next to it.

Move on, you did enough. Why are you spending so much time on this? Why would you want to inherit a headache? Do you know how to remove this guy if you did close? How you going to walk the property with this guy in it? Do you know how to determine reno costs IF you cant get in or even if you do get in ? Move on,

All the best

You wouldn't move on if this was next door to you. This is dangerous for myself and our families. It looks like they're drug dealing out of the house. We don't want this in our neighborhood. The school bus stop is next to this mess. Would you want this threat next to your spouse and children? Plus ruining the value of your home that you bust butt to keep nice all while your taxes go up? I would hope I am not the only person to not just let this crap happen near their family.

I would have him gone in a few hours. Its ALL about how /what you say to him. I have delt with low life's for 10 years. What I would do , if when he leaves board up the property, just an idea

All the best

I'm seriously considering squatting there myself if I am unsuccessful locating the owner. The taxes are up to date tho. Seems if an owner is spending money they would not want these issues.🤷🏻‍♀️

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All Forum Posts by: Dulce Davis

Dulce Davis has started 10 posts and replied 61 times.

Post: Opinions on Blanket Mortgages

Post: Opinions on Blanket Mortgages

Post: Opinions on Blanket Mortgages

Post: How to find home owner/squatter issue

Post: How to find home owner/squatter issue

Post: How to find home owner/squatter issue

Post: How to find home owner/squatter issue

Post: How to find home owner/squatter issue

Post: How to find home owner/squatter issue

Post: How to find home owner/squatter issue

Dulce Davis has started 10 posts and replied 61 times.

Biggerpockets Logo Post: Opinions on Blanket Mortgages

Biggerpockets Logo Post: Opinions on Blanket Mortgages

Biggerpockets Logo Post: Opinions on Blanket Mortgages

Biggerpockets Logo Post: How to find home owner/squatter issue

Biggerpockets Logo Post: How to find home owner/squatter issue

Biggerpockets Logo Post: How to find home owner/squatter issue

Biggerpockets Logo Post: How to find home owner/squatter issue

Biggerpockets Logo Post: How to find home owner/squatter issue

Biggerpockets Logo Post: How to find home owner/squatter issue

Biggerpockets Logo Post: How to find home owner/squatter issue

Post: Opinions on Blanket Mortgages

Post: Opinions on Blanket Mortgages

Post: Opinions on Blanket Mortgages

Post: How to find home owner/squatter issue

Post: How to find home owner/squatter issue

Post: How to find home owner/squatter issue

Post: How to find home owner/squatter issue

Post: How to find home owner/squatter issue

Post: How to find home owner/squatter issue

Post: How to find home owner/squatter issue