15 September 2024 | 33 replies
However, the possibility the former owner or one of the lenders will claim service was improper is one of the reasons title insurers are reluctant to allow a policy to be issued w/o a quit title action being completed first.It's a good idea to ask the title agent for a commitment that will show the requirements for the issuance of a policy w/o exception for other interests.I think almost 100% the mortgages are gone with a properly notice tax sale.. and in most states I work so are the utls. they try to force you to pay them but if you push back and or know they cant try to collect you just need to push the point.. while banks will normally pay tax to protect their interest sometimes they dont like in this case..
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11 September 2024 | 3 replies
With more people working remotely, a dedicated office could be a big draw, and a workout space adds value without requiring extensive renovations.
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11 September 2024 | 18 replies
I filed an extension for last year.
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14 September 2024 | 12 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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11 September 2024 | 9 replies
Thank youCheck out the forums at 506investorgroup.com or privateinvestorclub.com where opportunities and sponsors are vetted extensively.
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13 September 2024 | 12 replies
@Josh AljetsCash flow is great, if you can collect it.
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13 September 2024 | 20 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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12 September 2024 | 4 replies
A refrigerator replacement will cost you $600 whether you are collecting $300/mo or $3,000/mo.
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15 September 2024 | 22 replies
In order to sell or refinance the home, you will have to pay off the amount owed to the program.People are led to believe they can write off the cost of your payments [principal + interest] on your taxes because they attach the debt to the property tax collected on your home.
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10 September 2024 | 0 replies
By quickly assessing the market and taking advantage of the property's high demand, Partner Driven added value through a well-timed sale without requiring extensive renovations.