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27 March 2024 | 14 replies
Most PMS will offer a free two week trial.
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26 March 2024 | 12 replies
Broker asked for B&F offer by tomorrow and said that he has two all-cash offers around the asking price.The property is pretty attractive at that price point.How can I know if broker is ********ing me?
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27 March 2024 | 43 replies
If you have a cell phone you have no privacy.I am Not talking about an owner occupied borrower who lost a job but can go back to work and a lender gifts a modification.Many of these subject to deals with investors the original borrower is not paying, the sale price is inflated, there are seconds and thirds who won't have the money to payoff the first, and the "investor" has no reserves or team to deal with: code violations, a fire, non paying tenant, is far away from subject...
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26 March 2024 | 9 replies
i've been meaning to check out the 'straight up chicago' podcast about the rental market out there. to learn about property mgmt in general, two BP personalities have a book on preorder right now about self management, it should be showing in the bookstore on here, that will be a good one!
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27 March 2024 | 10 replies
My example of a recorded judgment lien not attaching to a trust with trustee other than yourself was a special case of outside liability protection.To get liability protection and anonymity, some attorneys suggest a combination of land trust and entity.In all my years of private lending I have only run across two borrowers that used land trusts, and neither of them were billionaires.
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26 March 2024 | 3 replies
As for financing, just to be clear, a line of credit and a 203k loan are two very different things.
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26 March 2024 | 0 replies
The existing house is closer to the street, leaving enough space for two more houses to be built behind it.To make this happen, the lot would need to be divided into three parts.
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24 March 2024 | 15 replies
We close on our third rental property next week, and are excited about the way forward.
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27 March 2024 | 0 replies
The two could actually become one.It’s a no bueno situation.
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26 March 2024 | 0 replies
If not, we roll into Phase Two, a much larger part of the development and a perhaps a much longer wait for my cash.