Trevor Scheumann
Evictions in North Carolina
5 December 2024 | 8 replies
With e-filing systems in most county courts, you can DIY file and complete evictions relatively easily, especially if tenant doesn't show up.
Timothy Holden
Has anyone used builder banc?
4 December 2024 | 37 replies
You can go to the FTC and file a complaint.
Salvatore Ross
Triple Net Lease (NNN) Resources
30 November 2024 | 4 replies
Salavatore,I have been doing NNN about 21 years as a principal broker and an investor.
Zachary Engen
Using heloc for brrr and renovations
5 December 2024 | 6 replies
I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).
Andrew McManamon
Investing in Bitcoins
9 December 2024 | 98 replies
But then I told myself, if Bitcoin price really drop significantly to $1000 a piece, then the time to drop to zero won’t be far away...Like Enron many years ago, when the stock price dropped to $1.00, it then filed bankruptcy and dropped to zero.
Troy Welch
Legal Advice-1st Position Lender, Borrower Filed Ch 11 Bankruptcy
20 November 2024 | 2 replies
@Troy WelchFirst thing you should have done when the BK was filed was engage a BK attorney.
Matthew Hell
Scott Carson is not the Mentor you want!
4 December 2024 | 3 replies
I'm a bit late but want to reach out to the community to see what might be my best bets to get my money back (file judgement, etc.).
Glenn N.
Hard money lender ,borrower moved his LLC to Delaware without notification.
3 December 2024 | 10 replies
.: Quote from @Greg Scott: Based on my experience with Hard Money Lenders, this post does not make any sense to me.Did you not file the loan documents with the county as a lien on the property?
Veronica Morss
Lead Cert & Rental Registration: Has anyone been able to rent out prior to obtaining?
5 December 2024 | 4 replies
Typically, they won’t scrutinize properties with applications already on file—it’s more about catching those who haven’t submitted anything at all.You may even find that the certification comes back sooner than the 60-day max.
Scott Davis
Looking for feedback on PCS
3 December 2024 | 6 replies
I will spend around $5000 - $7000 a year for tax planning and filing.