Michael Calvey
Unpacking the Rent Crisis: It's Not Just Greedy Landlords..
6 August 2024 | 54 replies
The best one one was when my husband walked into the tax office about 8 years ago and showed them that our house value had went up by 50% in one year, the lady looked at it, says wow, that's terrible and lowered the value to less than it was the previous year!
Rami Latif
2nd mortgage foreclosure.
4 August 2024 | 30 replies
I forget the number right now but if you are within I think 5 days from sale date the lender isn't obligated to reinstate, but still may.You may be able to delay the foreclosure by simply asking for more time, you are now the property owner and have some sway.A couple observations:You don't have title insurance as no title company will insure a trustee's deed in CA, so that won't help you.You won the auction based on your commitment to occupy the property (SB1079), so this is not a quick flip.To buy time and delay foreclosure you can file a stripped down bankruptcy.You can't stop payment on the 86k wining bid since you paid cash at the trustee sale.Generally trustee sale buyers don't have a real good feeling for the property condition, unless you do for some reason, so this is a wild card.
Brian J Allen
The Value of Rooming Houses: An Affordable Housing Option
1 August 2024 | 0 replies
You could rent a room in a big house owned by a little old lady or in a rooming house.When my son was looking for an off-campus apartment, we were fortunate to find him a room in a rooming house in Hyde Park.
Chris Seveney
My Top 5 - 2024 Predictions in Mortgage Note / Lending Space
2 August 2024 | 53 replies
The strongest trend will probably remain the migration from north to south (FL, TX, NC), out of CA and IL and also a little more away from heat, water shortage, wild fire smoke and storms.Real estate markets move so slow, that short term is realitvley easy to predict based on leading indicators.
Zachary Cain Humphrey
Odd STR guest interactions
30 July 2024 | 5 replies
The blonde (there's a reason I mention that :-) young lady said,"oh it has been great, but I hate to inform you that you have ants in your cute little house"I was shocked, I had never had any bug problem, let alone ants......
Carrie Alluri
Another flip for C&K Home Buyers
30 July 2024 | 0 replies
Purchase price: $260,000 Cash invested: $80,000 Sale price: $380,000 Purchased this house from the family of elderly lady that lived there.
Amber Welsch
Does anyone have experience with renting with Furnished Finder?
31 July 2024 | 34 replies
I got one lady that said she was so sorry, but her tenant was staying and she had not updated her calendar....So?
Cliff Durrett
Need advice on a short sale where the 2nd cancelled the request, charged off?
29 July 2024 | 6 replies
Thanks Tom, buying at the FC auction isnt an optionThe first is only slightly more than the 2nd and it will be bid way over that amount.Trying to help the lady get something via a SS
Jeff Schemmel
Talk to tenants during showings and inspections
26 July 2024 | 1 reply
It's also helpful to get a read on someone you have to be neighbors with if you're a house hacker.Here are the questions I typically ask a tenant at a showing/inspection, and a number of the wild/helpful/interesting answers I've received over the years as an investor/agent.
Chris Seveney
Broker Price Opinions are useless
31 July 2024 | 19 replies
I'd say 10% of the appraisals that we order are wildly inaccurate and appraisers have far more training, experience and licensing requirements than brokers- at least in my state.