All Forum Posts by: Erik Garland

Hello All...in a "free" course several months ago, the speaker spoke about new legislation where a landlord/property owner can be charged each time they communicate with a tenant about money without first notifying them of the intent.  So you should start the call or text with , "this is in regards to collecting a debt".  I could not find this anywhere, so I'm skeptical.  Has anyone else heard this?

The 2 drive bys I did on Sunday on delinquent tax properties were a dead end.  First one, they did not seem interested though the guy talked to me for 10 minutes.  The 2nd place I left my card and they called back today.  He said he has spoken with a lawyer and is filing Chapter 13.  (which I read up on today) So it looks like he is protected for approx 5 yeers

btw.  I have learned to look at the most recent tax bills and determine whether there is document building value or land value only.   That way I know there is a home.  Saved myself a couple stops. 

@Blake Reynolds. One year later.  How did you fare?

@Blake Reynolds. One year later.  How did you fare?

depending on the lender and what type of loan....don't you have to hold the property for certain term 6 mths/ to a year before selling?

You guys are in BEAST MODE ...geez..okay , my weigh in!!  $650, 2b2b

P.S. To my future self reading this post....That was your first rental... You are financially free now...pennies make dollars... Nice to be free of the 40 hour work week, huh.  :)

Hey @David Kors. I just looked up the list in my county 3 or so days ago.  What is everyone's strategy with a delinquent list.  Drive bys? Mailing to registered owners? combination?  I did drivebys yesterday and oddly enough about 1/3 of the 7 properties I drove by had been demolished...were gone (even Google Earth still showed a house ....which could be 2-3 years old  :) )

I'm researching and learning about the wholesaling world. Its an awesome journey.  One question...I'm considering a presentation of an offer to a resident.  They are behind on taxes and facing county foreclosure.  This one property in particular was apart of a package deal.  If the entire loan is not paid off...that resident cannot remove that property from the package can they. ??

Thanks gals/guys. 

yea...I'll double check my resource folder. I looked that up this past summer for NC.  I had an issue with tenant having WAY too many kids in a 2 bedroom.  I did find something for the state though.  However I have forgotten the number. 

ok. great. that all makes sense. Thanks Roman