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1 December 2024 | 68 replies
The investors would be advised to pool together some capital to retain the services of an experienced securities law firm to do an analysis of whether they have cause for complain, cause for lawsuit, and reasonable chance of collection.
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18 November 2024 | 12 replies
Goals - looking to expand/grow and move out to the next hack or hunker down and collect cash flow?
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18 November 2024 | 13 replies
The second option is that she go to court, where she will lose, you get a judgment for everything owed including cleaning and repairs, and then you send her to collections where it will prevent her from qualifying for another rental, getting a car loan, etc.
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23 November 2024 | 38 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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14 November 2024 | 10 replies
Any fees collected by the property manager should be a separate charge and not deducted from rent.
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23 November 2024 | 26 replies
Cherry South Bend INCurrent Property Status: This asset is sub-performing, which means the borrower is due for July, and foreclosure is to be referred next month if the account is not brought current.Syndication: Scottsdale REI - III - XXVIProperty Address: 172 Carlson St, Westbrook MECurrent Property Status: The borrower is currently in foreclosure, and the Fair Debt Collection Practices Act (FDCPA) letters have recently been sent to the borrower.Syndication: Scottsdale REI - III - XXVIProperty Address: 13959 465th Ave, Wilmot SDCurrent Property Status: Scottsdale was required to issue Service by Publication.
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16 November 2024 | 11 replies
I I am playing with different scenarios and want a back of the napkin number I will use https://www.omnicalculator.com/collections/real-estate.
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15 November 2024 | 7 replies
Do you recommend an operating business account in which I collect rent from and pay expenses if either STR or LTR entity and if master expense (ie.
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16 November 2024 | 14 replies
The 2nd lender has collected $9,600 in interest but still has all the money tied up.
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13 November 2024 | 11 replies
I recently considered switching to KeyCheck but decided to stick with RR for two important reasons: 1) RR allows for weekly rent collection, which is recommended by my real estate attorney, and 2) RR has lower credit card processing fees for tenants.