Andrew Fidler
Lucas County (Toledo) property tax reductions more difficult
5 March 2020 | 2 replies
I was able to argue that similar to foreclosures not being considered an "arms length" transaction (a whole conversation in itself) and thus wasn't representative of the true market value, this owner paid too much money unknowingly and shouldn't be additionally penalized.So, you could request lower on the purchase price but you would have to be explaining to the committee how you screwed up when you bought...did a waterline burst and you didn't have insurance, the hoodlums broke in and trashed the place after purchase, etc.
Chris Seveney
Managing Your Servicer
23 May 2021 | 6 replies
Sending out Loan Mods but never following up and explaining the terms to the borrowersSending out the Loan Mods via most expensive overnight courier and charging you for itTaking 2 months to get out a demand letterOn "Client Managed" loans, emailing you to tell the borrower to send checks to their new address, even though they are charging $55/mthCharging for Payoff statements and other items on loans in Foreclosure that are Client Managed, whereby they do absolutely nothing and still charge $40/mthIssuing incorrect 1099's where interest from the year before was included.
Khalid Bryan
Describe Your Perfect Property Management Company/Manager
5 March 2020 | 3 replies
If you can explain why you charge a particular fee and how that benefits the owner, you won't get complaints.
Omar Butler
A Full Understanding of the BRRR Strategy
4 March 2020 | 10 replies
Can someone please explain the BRRR strategy thoroughly.
Jonathan Farber
Cover letter to impress brokers/lenders :)
6 March 2020 | 10 replies
List out all of the “objections” that you come up with and rework your presentation to try to have those objections answered.
Ken Latchers
Its that Taxing time of year.
5 March 2020 | 3 replies
With the seven-days-or-less-average rental, you likely have only two ways to materially participate, as we explained above.The two paths to material participation are easy to understand and apply.
Meshack J Desane
Really Dumb Question
4 March 2020 | 6 replies
Can someone explain the cash out refi to me, I understand the concept but how does it benefit an investor if the loan starts over.
Laura Sullivan
Advice on handling an unfulfilled plumber’s contract
4 March 2020 | 4 replies
I guess I just need an objective perspective!
John Blanton
Syndication Advice- Reposition and Sell or Refi next 2 years?
5 March 2020 | 4 replies
Again that’s just my objectives for goals.