Korey McMeekins
Rhab Financing for free and clear property
22 June 2014 | 11 replies
Enclosed porches and converted garages from prior owners done without required permits are common in my part of Florida, and I've been told that it's hit-and-miss as to whether it'll become an issue.
Cal C.
My Phantom Tenant picked by my ex-PM company
9 June 2014 | 5 replies
The daughter had 3 prior evictions which I found after I got her name, mom had 0 until this one (both were named because the mother was on the lease and the daughter was in possession).
Jeff J.
Managing a rental from another state withut a PM?
14 June 2014 | 8 replies
He's also supposed to drive by monthly and inspect inside every 6 months.For-rent phone calls come to a google voice number advising of unit currently for rent, instructions for how to obtain an application online, and to contact maintenance guy to schedule showing.
Whitney Moore
Tax Lien Certificates
1 June 2015 | 28 replies
Firstly, properties available for sell, auction dates, and links to your local state laws.This will then provide you with your states redemption periods and return on invest terms (aka annual percentage rate) for your state.Lastly, research your perspective properties and formula a game plan prior to your actual purchase.Good Luck!
Christina Phillips
Tax Delinquent Properties
17 December 2014 | 16 replies
Christina, to maintain the integrity of this thread, I'm in favor of continuing to drill down in the original topic; use defaulted tax list(s) as a lead list to generate bargain buying opportunities prior to tax sale.My strategy has always been simple: an initial letter (or postcard) to make the owner of record aware of the situation.
Therese V.
Short sale not yet accepted, but now leaky rook.
9 June 2014 | 1 reply
So, fast forward a few days from hearing our offer was "accepted" and my realtor and handyman go to the property (had rained a few days prior) and see water that had leaked into the master bedroom and the ceiling was wet and the carpet as well.Then, the listing agent calls our agent and says she was mistaken that it is not actually accepted, but just the trustee has accepted, still waiting on the bank.
Joseph Atkin
When is it ok to contact the borrower, as the holder of a NPN?
13 June 2014 | 28 replies
It is usually not 'allowed' to make any contact with a borrower prior to your ownership of the mortgage.
David McEwan
Should I seek financing before shopping?
10 June 2014 | 8 replies
@David McEwanI would secure financing prior to shopping, however just ran into a deal where I was 'Preapproved" for financing, signed a contract & was sidelined due to a garage apartment & forced to seek cash from another source.
Naseera Mohamed
spending on an REO property even before closing
16 November 2015 | 30 replies
I wouldn't suggest making capital improvements prior to purchase, the only caveat being, minimal cost repairs.
Lance Lvovsky
Best way to evaluate current property's financial performance?
14 June 2014 | 23 replies
I am curious how many units/properties you obtained prior to doing REI full time.