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21 April 2024 | 8 replies
if this is an owner occupied property and the loan was used by the owner to buy the property to live in.. then they are by federal law able to request a 3rd party mediator to meet with them and a representative from the bank and try to work out a re pay planthe issue is many in foreclosure never follow up on this and basically waive their right to this meeting. that would be step number one get into the federally mandated mediation if the owner and the property qualify.
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22 April 2024 | 12 replies
Read the book the 16% Solution to get the beginning basics.Attend sales, network with people at the sales.If the countries around you give a basics class before the sale, attend those.Read your state law several times and again 1 or 2x a year as you will see something different each time you read and as you gain experience.https://leginfo.legislature.ca...See if the counties you have interest in have websites like this...https://www.solanocounty.com/d...I always say be very very careful with the national road show classes that come thru with a free 2-3 hour seminar and then 3 day training.
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23 April 2024 | 3 replies
They looked at about 50 properties and each one had an issue.
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23 April 2024 | 9 replies
Pinpoint said it’s clearing a title issue.
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23 April 2024 | 9 replies
Mostly I just want a platform that reliably works for pre-screening, credit, background, leasing, payment, and reporting maintenance issues.
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22 April 2024 | 2 replies
They didn't resolve my issue yet, but at least someone acknowledge and will pass on the error message.
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23 April 2024 | 2 replies
This can trigger unfavorable tax rates when the property is sold, plus there are potential loss limitations, transfer issues, distribution problems, etc.
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23 April 2024 | 14 replies
You bring up syndications at an interesting time, given the many established ones that are running into issues at the moment.
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22 April 2024 | 7 replies
I would also highly recommend you educate yourself on New York State tenant/landlord law, especially if you plan on self-managing.
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22 April 2024 | 1 reply
For example, if I'm pursuing a highly distressed vacant property and I have a data set that shows me the owner is deceased or 97 years old I know immediately the owner is either deceased or likely deceased and the databases just aren't showing it yet (by law, they have to wait a certain amount of time to post death record) and that I need to zero in on the relatives and associates.