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17 September 2024 | 38 replies
You might be able to get an agreed judgement if she doesn't move out on the agreed date.
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17 September 2024 | 14 replies
You can work with fellow owners through the rental alliance called Poconos VRO https://poconosvro.wildapricot.org/ to build a committee to determine what is best for your group.
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15 September 2024 | 15 replies
Our contractor mentioned that there's a possibility of adding an extra 1/2 a bathroom to the upstairs floor, turning the property into a 3br 1.5btr.When we asked our agent his thoughts, he mentioned this wouldn't increase the ARV of the property much as we're already maximizing the ARV in the area.Would love to hear from fellow investors in the area what your thoughts are here, not only from an ARV perspective but also by how much could it potentially increase the rent value.Thank you so much!
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14 September 2024 | 14 replies
@Zac Gorski review your closing documents carefully 1) if owner occupied mortgage, it usually requires you occupy x days from closing date (ours was 60) so maybe ask insurance and mortgage for extension if needed. 2) does your state have some rule where you can end a lease early to move in?
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13 September 2024 | 7 replies
Then you can respond to "All" and keep the owner abreast of how their current PMC is cooperating.No more than 30 days before the Termination Date, you'll want to send an intro letter to the tenants.
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15 September 2024 | 10 replies
My agreement always calls for prior to close of escrow not a date specific.
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13 September 2024 | 3 replies
Hi Julie,I'm a fellow investor and Loan officer.
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15 September 2024 | 2 replies
Of course, their motivation is just being altruistic and "sharing the secrets" they discovered, because they want nothing other than "help a fellow investor."
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14 September 2024 | 7 replies
The closing date is 10/04.
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14 September 2024 | 11 replies
(Approximately 13 states have either state Inheritance Tax or state Estate Tax, so that would possibly apply in other states besides PA.)Welfare LiensNursing home liensMechanics LiensMortgages in order of recording date, first mortgages before second or third mortgagesJudgements (once boought a property where there was alien because the owner got in a bar fight and was sucessfully sued for medical bills esulting in a judgemen.)Federal Tax Liens (Special rrules apply to IRS liens)The precedence of pay off is determined by state law, government first, then the rest by date recorded.Then is anything else is left over it goes to the former owner.On one of our purchases there was a big Nursing Home lien that the Tax Claim Bureau was not aware of.