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19 April 2018 | 5 replies
Are there any modifications to the written lease?
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21 April 2018 | 4 replies
The drawbacks are that repairs/modifications are expensive due to the house’s age and that I have to clear everything through a historical society as a result.
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23 April 2018 | 8 replies
Was your 2nd mortgage properly recorded at the time of the modification?
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23 April 2018 | 2 replies
After I read BK filing by Original owner I noted modification of original first mortgage 6 years after "recorded quitclaim deed" to another party who had not assumed the loan nor notified first mortgage lender of transfer of ownership.
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24 April 2018 | 2 replies
I would like to crowdsource some opinions on if I may have damaged the long term rental appeal of this townhouse with some of the modifications I made to make it semi-house hacked:- Bought an undervalued 4bed/3ba TH in need of cosmetic renovations.- Built two walls/doors separating first floor from second floor and installed a washer/dryer in one of the third floor bedrooms during renovations. - Roommate rents out bottom floor while I live on the top two floors.- The ROI on house hack reno is 100% (will recoup all costs within the first year)- Concerned that this semi-split set up may not be very appealing to future renters once I move out in 5-6yrs and rent it out- It looks fine cosmetically but closing off these levels makes the house feel somewhat less open.- Located in suburban area.Tearing down two walls and removing the upstairs w/d would not be very expensive so if it would be worth it to do this prior to moving out, it is something I would consider.
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25 April 2018 | 4 replies
You sign an agreement with them (workout agreement, loan modification, forbearance agreement) that spells out the details.
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24 April 2018 | 4 replies
Here is something you could ask for:A resale package is a packet of vital information provided to those purchasing a condominium or a home in an association.
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29 April 2018 | 9 replies
My value adds have been rehabs with potentially bathroom modifications/additions.The one we are currently analyzing is an order of magnitude larger and more risky but I would be partnering with another known San Diego BP member (who at this time I am not naming).
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30 March 2019 | 8 replies
There are already statutes and regulations regarding fraud and deception in real estate transactions.Educating people who want to be educated is fine, but if a governing body restricts the pool of ready and willing buyers, more properties will go to foreclosure and sit on the market longer.Real estate investors perform a vital function in every jurisdiction: putting properties back on the market, in good condition.Many of the properties they buy could never pass conventional lender's inspection because they typically require tens of thousands of dollars in repairs that most homeowners do not have or cannot do themselves.Additionally, many real estate investors near metropolitan centers can access almost an unlimited pool of funding to buy and remodel properties if the numbers work.From contract to close, the time can be in as little as 3-4 business days.The delay is mostly waiting on title companies.So when flippers mail letters and post cards to owners saying they can "close quick" and "all cash", that is a fact, not fraud.Of course, realtors will recommend you list your property – that's how they make money – so they are self-interested, which makes the report biased.Maybe next time you can have a "flipper" on you show for balanced reporting.The idea of anyone feeling "pressured" by getting a post card or flyer is ludicrous.If the homeowner doesn't want to sell, the solution is to throw them away.But the idea of "there ought to be a law" is equally ludicrous.If there are bad actors committing fraud, the answer is to enforce the laws already on the books.Out of all the properties posted for sale every 1st Tuesday of the month at the trustee's sale, a very large percentage never make it because they are bought by the very flippers you disparaged.If not for the real estate investing community, cities around the country would look much, much worse.My biggest complaint with your report is that you completely failed to get the rest of the story.Your editor needs address this."
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8 May 2018 | 0 replies
Also like I said I’m new to REI so I’m sure their are others who are vital to me being successful..