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16 November 2020 | 13 replies
We have access to a $250,000 HELOC and $65,000 cash on hand we are willing to invest.I have owned two residential rentals in the past and have managed them both myself, I am at a point in my life where I do not want to do that again.Our first deal together will be her first deal.We have both been studying real estate investing all year long and plan on pushing for our first deal as of January next year so our finances will be aligned.I am leaning more towards a quad plex minimum or to even attempt to push into commercial size rentals instead or even try and find a small strip mall since I've read multiple places that commercial is a lot more beneficial and it's easier to manage businesses rather than tenants (but with the right property management I suppose neither of those points matter)She would rather start smaller, still multifamily but a duplex or triplex max due to simplicity and to get our feet wet first.
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16 November 2020 | 6 replies
We have a lawyer and are going to attempt to take legal action, but lawsuits can take a long time and still not produce money.
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22 November 2020 | 4 replies
Cue disaster.The risk of the bad loans didn’t go away, it was transformed into a systemic risk to the very financial system itself.SO when people started defaulting on mortgages, the CMBS holders got banged and attempted to collect in the CDS insurance policies.
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19 November 2020 | 11 replies
When we attempted last time to get the eviction orders the tenant showed up to court and showed that at some point she had COVID and was only working part time.
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18 November 2020 | 14 replies
Our RON statute was enacted in response to COVID.
18 November 2020 | 16 replies
Lastly, though it may be unlikely, if a party with an interest in the property comes back and claims they weren't properly notified of the tax sale, they can attempt to have the tax sale and all subsequent conveyances set aside.
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17 November 2020 | 8 replies
@Ashley Pinnell I used Hondros and passed both the state and national on my first attempt.
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17 November 2020 | 3 replies
Many properties listed on auction.com attempt to spook investors by suggesting that inspecting a property is trespassing.
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23 May 2021 | 3 replies
I had my insurance agent attempt to contact the underwriter, but so far we had no luck.
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29 December 2020 | 5 replies
The truth is, if the tenants are not making any attempts to pay now (not even making a partial payment), the Landlord will likely not get paid when the moratorium ends.