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18 January 2025 | 8 replies
There are many ways to attempt to collect your loss: file a small claims complaint against them; get a judgement so you can garnish future wages/bank accounts - and the judgement will be recorded in the credit bureau.
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26 January 2025 | 48 replies
I have one listing that I'm able to make updates to, I just decided not to given the prior attempts.
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7 January 2025 | 27 replies
His "team" has attempted to buy a couple of my properties in Cleveland, Ohio using a dead LLC.
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7 January 2025 | 19 replies
People who live in an area their whole lives (most people), have a certain set idea in their head about the character of different towns and different neighborhoods.
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4 January 2025 | 1 reply
Here is some key information:Property recently hit the market and has 2 cash offers alreadyThe seller provided a pre-inspection report, which I shared with 2 different lenders, both think it may fail conventional financing due to potential structural and electrical issues (realtor thinks it could pass conventional)Seller has 100% equity but is behind on other payments (not sure of the urgency money is needed)This is my first attempt at an “investment” property so I’m new to thisI see 3 optionsMove forward with an offer using conventional loan pre-qualification-Not as attractive of an offer to the seller-Possibility that appraiser calls out structural/electrical issues that need to be fixed before closing, effectively causing financing to fail- Best terms and fewest loan fees for meUse a rehab style loan such as ChoiceRenovation-Even less attractive than a conventional offer to seller, but less risk of failed financing if appraiser calls out issues-Slightly worse fees and interest rates compared to conventional-Lenders tell me possibly up to 60-90 days closing in some cases, with red-tape for contractor requirements and draw schedules (sounds like the most hoops to jump through during rehab)Use a hard money lender-Most attractive loan option I can give to seller so I can compete-Much higher fees and interest rate for me-need to refinance into a conventional at the end of rehab (not familiar with seasoning periods but I think this is a factor as well)Which option would you do?
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12 January 2025 | 12 replies
This will be very important if you are attempting a long distance BRRRR.
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10 January 2025 | 8 replies
I would let the tenant know that you're attempting to resolve this further with the Title Company on their behalf however they should remit rent to you immediately and file a small claims filing against the seller to recoup the rent.
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16 January 2025 | 15 replies
The agents seem to think multifamily parcels get snatched up quickly because the inventory in this category is low, but this property also has some deferred maintenance we are trying to decide if we should address before selling or attempt as-is and reflect that in the price.
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15 January 2025 | 8 replies
Hi, pre foreclosure in all of its permutations, before the bank sends Notice of Default (NOD) or efter which is state even county dependant but often starts a 4 week clock till the trustee auction are the 2nd most difficult deal scenario and IMHO only experienced investors should bother, the 1st most difficult deal scenario are bidding at the court house steps on lord only knows what is being auctioned off sometimes even 2nd mortgages, you need to do so much home work to attempt to reduce your risk at the court house steps...Pre foreclosure no one talks about these issues, always about the nice sounding stuff like "motivated seller" get a good deal etc etc both are usually not the case.- 95% of folks in pre or post NOD want to stay in their house, keep their house inspite of them 100% will loose the house at the auction.
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3 February 2025 | 34 replies
Yes, he is her “boyfriend” who allegedly was in jail for attempted murder and it er charges .