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7 March 2018 | 2 replies
A relative found out recently that the lawyer who recorded a lien for them put his law office as the notification address, not their home address. 10 years later when the guy stopped paying, they found out from the records' office that the home foreclosed and they never received notice because it went to the lawyer's office, now non-existent, not their home.
11 March 2018 | 6 replies
Property taxes are public record, so you can use previous years paid and estimate a slight increase.
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7 March 2018 | 17 replies
Here are my most recent 3 commercial loans, all closed Feb 2018.1. 3/1 hybrid arm 4.19%, 3 years Io, 30 year final, 3-2-1 pre pay, no origination, 62 ltv , non recourse2. 5/1 hybrid arm 4.00% no IO, 30 year final. 4-3-2-1 pre pay, no origination, 70 ltv, recourse3.
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24 March 2018 | 5 replies
For example, this is non-recourse debt.
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3 April 2018 | 11 replies
Check city laws, but submetering water is normally okay by terms of the city, as long as its public water and not a private system.
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21 May 2018 | 8 replies
This other layer has listings of larger-50 plus units- but also 20 unit buildings, there are many non-residential listings in this layer-store fronts etc.
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7 March 2018 | 3 replies
Robert, the owner of the company does not appear to be "disqualified" according to the IRS defenition (https://www.irs.gov/publications/p560#en_US_2016_p...) however because he is related to you the transaction may create conflict of interest, which is prohibited.
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12 March 2018 | 18 replies
@David Krulac there ya go completely different than most states.. out here CA you buy the property at tax sale you get a deed in a few weeks or a month or so from the tax collector you record it.. its yours.. now there is a 1 year statue in CA for the owner to come back and say something was wrong with the sale.. but it is not a redemption they have to prove the county messed up the sale in some way.. the easiest way is to prove the county did not advertise the specified days.. we lost one that way.. but that was one in over a thousand my dad bought over the years.In Oregon for Sure the county commissioners actually have the power to reverse the sale.. but that's just getting it back from the state.. next time I see you I will tell you about one case that is fascinating here. but I don't want to describe it in a public forum and give the bad guys ammo if you know what I mean.
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7 March 2018 | 4 replies
Also, with a C-corp you have the ability to raise capital more easily through sale of stock to shareholders (including public).
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7 March 2018 | 4 replies
when we got the property, there were several 2 tenant we had to evict last November for non payment.