All Forum Posts by: Tatiana Gershanovich

There is a property that we want to acquire. It has a Department of Revenue lien (on a junior position) that brings our cost of acquisition higher that we want to pay for the property. First position lien holder started a foreclosure process. If it goes to the auction DoR lien will be wiped out.

Does anybody have a strategy for negotiation with the Department of Revenue or buying their lien at deep discount?

Double post by mistake

Thank you, Bob! Will post there as well.

There is a property that we want to acquire. It has a Department of Revenue lien (on a junior position) that brings our cost of acquisition higher that we want to pay for the property. First position lien holder started a foreclosure process. If it goes to the auction DoR lien will be wiped out.

Does anybody have a strategy for negotiation with the Department of Revenue or buying their lien at deep discount?

inspection/feasibility

I'm open for brain picking ;)

Join myself and @Dima Suslikovfor our weekly workshop / discussion, we typically dive into questions related to long-term Real Estate acquisitions and maximizing on this strategy.

Questions answered by local experienced investors, Tatiana Gershanovich and Dima Suslikov of Sound Housing. To get an idea of their experience, take a look at a snapshot of their Portfolio : www.SoundHousing.org/Portfolio

We can discuss subjects like :

• How to get 1% Rule or better cash flow properties locally here in Seattle. The 1% Rule means that if you acquire a property for $100,000 that you should get $1000 (1%) a month in rents.
• How to use the BRRRR (Buy Rehab Rent Refinance Repeat) strategy to get back down payment and build instant equity in Pierce and Thurston County.
• Using turnkey providers for 2% rule cash flow out of state.How to develop cash flow properties.
• How to calculate the Internal Rate of Return (IRR) using T-tables that factors both cash-on-cash return and appreciation.
• Discuss property management and tenant issues.
• Discuss how to analyze rental deals and do due diligence.
• Discuss how to raise private money to purchase cash flow rentals.
• And any other subject anybody wants to hear on!

If you have specific questions or topics that you'd like us to touch on, please, submit those when you RSVP or you can put them in the comment section below.

We usually have a Group Order for food during our meetups. You can take advantage of free delivery by submitting your order as part of the group. In addition, you can place your order in advance and it will arrive at the same time. Be sure to check the page of the meetup you are planning to attend a few days before and we will have the link posted that you can follow.

Here is more info on the event :

• https://www.meetup.com/Real-Estate-Wholesale-Flip-IRA-Workshops/events/240761001/

For more information and / or to follow the group, go here :

• https://www.meetup.com/Real-Estate-Wholesale-Flip-IRA-Workshop/

Looking forward to seeing everybody!

Yeah, it's not available anymore.

Unit Lot Subdivision is City of Seattle term. Not all other jurisdictions know what it means. You just need to tell them that you want to do something that allows you to sell each of the sides of the duplex separately as fee simple and not as condos.

If they require financing, the financing provider won't lend money outside of title and escrow company. Even if it's a private party, it wouldn't be a smart decision not to go through title and escrow neither for lender nor for the buyer.

It's good to have 22K (utilities) addendum, so all lienable utilities are paid at closing