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All Forum Posts by: George P.

George P. has started 253 posts and replied 1361 times.

Post: Name of the LLC

George P.Posted
  • Real Estate Investor
  • Baltimore, MD
  • Posts 1,493
  • Votes 268
Originally posted by Wheatie:
Not very different from "Flying Phoenix LLC".

that was my point ;)

Post: ray alcorn and david lindahl material

George P.Posted
  • Real Estate Investor
  • Baltimore, MD
  • Posts 1,493
  • Votes 268

Compared to Alcorn's material (500 pages, no wasted space, no fluff) Lindahl's course is textbook for elementary school (170 pages).
Alcorn goes into details, Lindahl provides pretty much basic info (IMO).
I have read both courses. If I had a choice, I'd go after Alcorn's course if I wanted to make it big in CRE, and Lindahl's course if I wanted to understand what apartment building can do for you.

Post: Trust question

George P.Posted
  • Real Estate Investor
  • Baltimore, MD
  • Posts 1,493
  • Votes 268

Anybody?....

Post: Name of the LLC

George P.Posted
  • Real Estate Investor
  • Baltimore, MD
  • Posts 1,493
  • Votes 268
Originally posted by Wheatie:
I have been told that it is harder to get loans if you have "investments", "properties" or other words that make it clear you're an investor. I was advised to keep the name generic.

Like Barking Dog LLC ? ;)

Post: Letter vs Postcard

George P.Posted
  • Real Estate Investor
  • Baltimore, MD
  • Posts 1,493
  • Votes 268

In your experience, do letters pull better results than the postcards (assuming the same text on both) ?....

Post: Name of the LLC

George P.Posted
  • Real Estate Investor
  • Baltimore, MD
  • Posts 1,493
  • Votes 268

What do you think - is having the word "Investments" in the name of the LLC helpful or not?
i am thinking in terms of it sounding like you're looking to steal the property or not?..... :roll:

Post: Letter returned - so weird.....

George P.Posted
  • Real Estate Investor
  • Baltimore, MD
  • Posts 1,493
  • Votes 268
Originally posted by Dane Whales:
Are you sure? I mean maybe he already transfered.
perhaps the transfer wasn't recorded yet..

Post: Lien search - website

George P.Posted
  • Real Estate Investor
  • Baltimore, MD
  • Posts 1,493
  • Votes 268

Good day!
Is there a website that provides access to unlimited lien searches by the property address?
Thank you!

Post: second position

George P.Posted
  • Real Estate Investor
  • Baltimore, MD
  • Posts 1,493
  • Votes 268

Suppose there is this property:
FMV 200k
1st lien 125k (with arrears)
2st lien 25k (current)
Mechanics Lien 5k.
1st one is foreclosing. Suppose someone bids 170k at the foreclosure auction - I understood that the first is paid off, and the seconf is paid off, and even Mechanics Lien paid off and the balance (15k) is due to the HomeOwner.

1. Long story short, just want to understand what happens with the second or third mortgage when there is enough money to pay them off and when there is not?
2. Is there a certain legal action that second and third lien holders can make to protect their interest once the first one files an NOD (suppose that the first one was behind, second mortgage was current) - so that when the property is sold at the courtsteps second and third position liens are paid.

Thanks!!!!!!!!!!!
:kewl:

Post: Marketing to attorneys (direct mail)

George P.Posted
  • Real Estate Investor
  • Baltimore, MD
  • Posts 1,493
  • Votes 268

just curious whether anyone tried it and whether it produce any results...
Thanks