All Forum Posts by: Sherry Maxey

@Jo-Ann Lapin to see you here, I think we previously had some conversation regarding purchases in Indiana. Thanks for the warm welcome and well wishes.

@Thomas Franklin

awesome feedback! I'm currently working on the LLC. Thanks for the detailed response, totally makes sense.

Hi All,

I'm buying a property subject.  The Seller currently has it rented and I'd like to at this time keep the existing tenant.  I have the purchase agreement, Subject to Addendum and Promissory Note. 

What other documents do I need, if the promissory note is to be secured? i.e. I'm hearing I need a note and mortgage document prepared as well. (junior mortgage recorded)

If we record a junior mortgage will this red flag the 1st lien holder?

Help..

@Jack Butala thanks for the warm welcome and the recommendations.  I look forward to it! 

All the best!

Hi All,

I'm Sherry,  a real estate investor located in sunny California.  I originally started in real estate as an agent, however my ultimate goal was to invest.  Like many I was caught in the rafters of 2007ish chaos.  While doing other Entrepreneurial projects, I started studying real estate investing again and decided to take it on full time.  

We have a couple of investment properties we are holding and are now focusing on Multi-family.  My goal is to eventually do Apartments and Commercial.  I joined Bigger Pockets a couple of years ago, however have just started to make it a part of my daily routine.  I love the blogs and helpful stories, tips and experiences I read.  It keeps me encouraged and motivated.  

Although I'm not a novice, my hope is that I will be able to recipricate and share some hope, knowledge or inspiration to others here that may need it.  I'm looking forward to a continued exchange of knowledge and experience, from other like minded professionals!