All Forum Posts by: Lynne Jacob

@Matt A., do be sure to stay in touch with the vendors (sellers). They may become more motivated ... and creative as time passes with no better offers.

Oh, I see I only saw Page 1 of this informative feed ... when my reply posted. :-)

True what @Moshe H. is saying.  I've seen many deals take place where "somehow" the 1st lender didn't know about the 2nd mortgage.  Realtors can be creative.

Great feed!!!  Love the info.

@Michael Clevenger, I would just like to add a little more "down-the-road" on @Brandon Ingegneri's recommendation.  It's a great strategy. I agree.  It's essential that you know, however, that SHOULD your buyers default on their payments to the 1st lender (you are the 2nd) then in order for you to protect what's remaining owing to you on your note ($50K in this example - the payments they make before defaulting = $45K, for example) ... so in order for you to protect your money, what's owing to you, you will need to keep the 1st mortgage paid up and then YOU will need to foreclose on the owners/currently buyers.  

It's a great option for now ... just please know what the future can hold and have a strategy in place for that.

And if they're not paying their 1st mortgagee it could be that they're not paying the realty taxes and maybe they've let their insurance lapse.  I worked in law firms for 1/4-century, where I was the real estate specialist, and this happens more frequently than not.  It can still be a good deal for you, though.  KNOWLEDGE is POWERFUL. :-)

Hi, Leila, Jeremy, Jesse and Anastasia.  I'm new to BP; quite new to Real Estate Investing in the U.S. as I'm Canadian; but not-so-new to real estate investing.  Nice to meet everyone.  Looking forward to helping each other.  

(Sorry I can't "@" everyone.  It's just not working today.  It is Sunday, after all. :-)

Super. Will do, @Carl Brown.  I just clicked your link again now and go a little more than a blank screen. FYI, in case it helps your techs, I've posted what showed up below.  And again, FYI, when I removed the "www." from the url going just with vcaproperties.com then I was successful in getting to your site. Websites. Great when they work!  

Warning: Cannot modify header information - headers already sent by (output started at /home/content/p3pnexwpnas13_data02/13/3056613/html/wp-content/plugins/revslider/includes/slider.class.php:1) in /home/content/p3pnexwpnas13_data02/13/3056613/html/wp-includes/pluggable.php on line 1174

Good morning, Jose.  I've just sent a message to someone who may or may not be able to help you in your area, but I have every confidence in him as a lawyer in any area of real estate, including (especially) construction even.  I'm posting this reply so that I can "find" you again when I hear back from him.  As I'm new on here I'm not sure how I can find posts that are no longer in my "red bell" in the top right corner so if you want to stay connected, email me.  Cheers.

Thanks, @Brett Snodgrass, for your words of encouragement. 

Hi, @Carl Brown. I'd love to chat with you about it. I went to your website, in your signature, but it just gives me a blank screen regardless of which browser I use.  Is it my computer? 

Congratulations!!!

It depends on how close you are to the property; how many tenants you have; how "tough" you are when it comes to caving in when a tenant can't pay; etc.

If you have the time and are fairly close by, why not do it yourself for a bit to learn the ropes?  That will help you see the value you're paying out later; and help you KNOW how good your PM is (or isn't).

And then, of course, once you've got the "renting" piece down, depending on your goals it's likely to be back at the searching & analyzing again.

Have fun!

Thank you, @Kweillin Gordon, for wishing me luck.  While I don't believe in it :-) I know what you mean by it.  If I'm to enjoy success in the real estate investing it's all up to me to do everything I need to do.  And that's scary! :-)

I'd love to have a chat sometime and learn more about the opportunities there may be between us.

Kweillin Gordon Lender from Atlanta, Georgia