Mitch Monmouth
Cash vs mortgage
25 December 2012 | 5 replies
Look for a loan officer who has years of experience, a senior officer, not a 24 year old out of college who has VP on a name plate.
Dan Buck
Pro forma numbers
28 July 2013 | 5 replies
If in city limits you will have city and county taxes.Make sure that the property you are considering buying does not have a senior exemption making taxes low or that they won an appeal that is fixing to go back up.Look for special assessments and for the city and county what the mill rate has been trending at (going up, staying flat, or decreasing and by how much each month as a percentage).The assessors could have been using low values as well the last few years but with things rising in many markets they will want to reassess to get more money flowing into the county and city coffers.Usually you can look up to sometimes 5 to 10 years worth of bills and assessments online with the county and city tax assessor websites if they are urban and suburban.If it is rural they might not have that info online.
Mark Forest
Title search method
30 March 2011 | 5 replies
The lien or mortgage that is oldest is the "senior" lien, and gets first priority in a foreclosure.
Tim Johnson
Private money lending to "secondary circle"
16 August 2017 | 20 replies
I'll dive deeper into the title search results this evening to ensure that there are no additional mortgages that would not have been cleared at foreclosure (e.g. senior lien to the foreclosed note).Biggest unknown right now is figuring out how to get the documents properly drawn up and recorded.
Dustin Verley
Comparison of "Brokering" Between Wholesale, Note Investing
21 June 2016 | 4 replies
Such classes or materials are given by finance attorneys or senior examiners and compliance officers, they won't be very effective if the instructor has just been a mortgage or commercial broker or loan officer with their opinions.
Kris Benson
Best Real Estate Conferences
1 August 2018 | 6 replies
https://www.icsc.org/ shopping centersNIC is good for senior living
Noah Maynard
New, Young Real Estate Investor
15 November 2018 | 11 replies
I am currently a senior Mechanical Engineering student at SJSU.
Yasir Rahman
How can a non US resident invest in US properties
4 September 2018 | 16 replies
Hello @Yasir Rahman you are saying not Resident, are you also not US citizen?
Colby P.
Newbie from Spokane Washington
30 April 2018 | 9 replies
Seniors with Low Financial Stability has been effective for many investors as they are often ready to downsize or transition to assistance.
Stefan Shirley
Third Property (Business Partner Deal)
24 February 2019 | 0 replies
It's a wonderful event and the people who ride are outstanding citizens.