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17 November 2024 | 5 replies
This is what I think I know:- The borrower can choose to pay off the note at any time (by selling the property or just paying off the loan with other funds), so it is important that the legal balance covers my investment and some profit- The borrower could file bankruptcy (can someone confirm that this will only cause delay, but not jeopardize ultimately collecting the legal balance of the note)- Most of these DOTs will have a rent assignment clause, so I could try to enforce that and collect rents from tenants (essentially manage the property) while I am holding the note and trying to foreclose.
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9 December 2024 | 5 replies
A “1031 exchange investor” would be someone who’s already selling something and wants to buy something else.
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10 December 2024 | 0 replies
Afterwards, I sell the relinquish property at $450K, free and clear.
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11 December 2024 | 1 reply
The home also had a small lien.Listened, offered a solution and everyone walked away happy.
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9 December 2024 | 2 replies
You only get paid enough to continue.3) You don't need a dozen self-help books, all you need is action and self-discipline.4) YouTube University, podcasts, and the internet will only take you so far. 5) Book smarts make interesting conversation, street smarts make money.6) Find someone who is successful doing what you want to be doing and ask questions.
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15 November 2024 | 4 replies
Hello everyone,we got a bid for 20k to get our rental property ready for the market and get the CoO (certificate of occupancy).Any product out there to finance the project?
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17 November 2024 | 7 replies
So I need some advise and I’ll try to keep it short and simple.
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9 December 2024 | 1 reply
Think of fishing, and it's somewhat the same.
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9 December 2024 | 7 replies
Rents that are significantly lagging market go up $75.I chose the Winter timeframe because no one wants to pack and move during the holidays and cold.
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11 December 2024 | 3 replies
Fix/flip, PML and long-term rentals are my interests.