H. Jack Miller
Subject to Financing- Investing
15 October 2024 | 9 replies
Just a short list its like 50 ways to leave your lover there are 50 gothcas in sub to. 1. the easiest for everyone to understand the sub to violated the Alienation clause in the mortgage or deed of trust and holder of the mortgage DT / Note decides to call the note due and payable and starts a foreclosure. 2. foreclosure started and the person who bought sub to has no means to pay it off or refinance it and the original sellers credit get trashed and if its a deficiency judgement state even on an owner occ like Texas lender sues original seller for the deficiency. 3. this kind of investing or acquiring assets tends to attract those with limited resources so they have no ability to fix things they decide to scale up and then it goes out of control and sellers are really harmed4. deal goes south and original seller sues or files complaint with AG. 5.
Leana Ruggles
Looking for help with my first REI
15 October 2024 | 21 replies
She has a semi pro baseball player for the summer, and another contract worker.
Zach Pendry
Multifamily Underwriting Help
16 October 2024 | 5 replies
Landscaping and Pest control seem cheap to me, but not knowing location, there's no way to actually know.
Lin Shou
How to use foreclosure.com to find deals?
15 October 2024 | 1 reply
The issue with that property was we didn't control the rehab under budget and timeframe.
Kevin Sobilo
SD Roth IRA Investing In Syndication - Transfer Depreciation?
16 October 2024 | 10 replies
I still think syndication investing is fine within a self directed Roth IRA (or traditional IRA).The hold time on a syndication may only average about 5 years, which means when investing outside a syndication you are usually recapturing that depreciation anyways at a time you cannot choose/control as a limited partner.
Rene Hosman
Exciting News for the BiggerPockets Community: RentRedi Shines on the 2024 Inc. 5000!
15 October 2024 | 5 replies
I guess RentRedi wants to control everything and everyone involved in their system.
Marissa Gallant
HELOC on an Investment Property
15 October 2024 | 4 replies
If you fail to pay your mortgage, the first lien can get control of the property or recoup money from the loan guarantor - probably you.
Toby Mims
Property Mngmt gone wild
17 October 2024 | 12 replies
Even if their license is expired, the commission may be able to reach them and motivate them to send funds to you and communicate long enough to get control of your property back.Start looking for a new property manager.
Kent Ford
The Urban vs. Suburban Debate: Where Are Buyers Investing in Texas?
15 October 2024 | 3 replies
The new homes will be mostly built in the burbs, and I expect as we move forward outside of many city limits or in smaller cities where the builders can control the narrative with less regulations, less inspections, less red tape, lower requirements.Due to the number of people moving though, we'll see some urban infill as well I expect.
Garrett Morgan
Clarifying Legal Rent Increase Limits for My San Pedro Duplex
14 October 2024 | 3 replies
Any help or guidance is much appreciated.San Pedro is a rent control area and you can confirm your property falls within this on ZIMAS for your property