All Forum Posts by: Sharon Rolel

Hello everyone, I own a property and haven't paid taxes until the lien was sold last year to a third party. I would like to redeem it, have contacted the tax collector's office and they gave me a affidavit to be signed by the owner of the tax lien. Should I contact them directly? Do I get a lawyer?

Thanks!

Thanks guys.

What are the prerequisites for a deed of trust to be filed?

Also, is going to court (in another country) with only your typical sale contract in hand a waste of time and money then?

I didn't personally handle the sale (which I greatly regret now).

I can only assume no deed of trust was recorded since the buyer sold the property again, and whoever did handle the sale didn't mention one.

Hello!

I have recently sold a house in FL for $86,000. I received $65,000 in cash, and agreed to finance the rest. Since then the buyer has stopped answering my calls/e-mails and I am stuck with a pretty big loss.

The buyer has since resold the property and doesn't own anything else in the US, but does in his own country (Israel, which is where I'm from as well).

What are my options? I was quoted $3000 legal fee for suing in Florida but would have to spend more to get the judgement translated etc. and may need to deal with a courthouse in Israel as well.

Thanks!

Thanks Steve!

The check I got was for 35,000$, and I was around 22,500$ all in on the house 3 years ago. It wasn't bleeding cash, but it wasn't making a whole lot, and I've grown a lot in the past 3 years so I want to use the funds to get a better deal somewhere else.

I also have some paper losses (the rehab) I could try offset any gain with.

Unless I can see a better way to conclude this, I just want to walk away from the house (if possible in a responsible manner).

Hello everyone,

Last month I was notified by management that one of my properties had a fire, probably started by tenant according to them and the police. I just received a healthy windfall for my troubles, and no one got hurt, so that's good.

What can I do with it? I was told fixing it up would be more than what I originally paid and I'm pretty sure I don't want to do that (wasn't seeing much income from this one anyway). Can I walk away somehow?

Thanks!

I am, but I started investing 3 years ago, been hard to do badly...

Also, am not an American and we didn't really feel the recession here.

I've just started flipping, and I do absolutely nothing. I have a partner that does all the work, I do the financing. He takes a considerable chunk of the profits, which I'm paying for his 2 decades of experience. He has a vested interest in things going smoothly so I can be calm. The only thing I made sure to get was deeds and receipts for anything he did.

I can't wait :D

Although, the page accepts only American cards. How can I give you my money?

I won't go for anything under 20% with rentals, with financing or value add. Also mostly complexes. Last one was about 18k all in for 600 in rent, it's 120 units in Houston, but with no financing.

If you can get a decent mortgage (25% down) you go over 20% CoC with a 9.5% real cap rate, or the "1.6% rule".