John Vanhara
Business interruption insurance & Coronavirus
13 April 2020 | 4 replies
What company is backing the policy and their track record?
Jim Cummings
Notes From Texas Recon Newsletter
10 April 2020 | 4 replies
Nationally, a record 6.65 million people filed first-time jobless claims that week.
Billy Smith
Showing a rental during the virus outbreak.
14 April 2020 | 8 replies
What do you think of virtual showings using pictures and pre-recorded videos?
Justin Reid
Should I use an escalation clause?
10 April 2020 | 8 replies
Their records are subject to review by the government, real estate commissions, courts, law enforcement, local realtor board ethics committees.
Andrew Strauss
Berkeley Multifamily - Discrepancy between County and City record
20 November 2020 | 2 replies
And there are 4 PG&E meters - 1 for each unit plus 1 for the common areas.Alameda County assessor website lists the 'use code' for the property as 2600 which is "3 units, lesser quality than 2300 or unknown legal"I had stopped by city hall right before the shutdown and after a quick initial search, they mentioned the property is listed as a duplex in their records.
Daniel Steeves
pros v cons of hard money lenders
11 April 2020 | 2 replies
Unless you have a strong track record and existing relationship, I'd look to other options.
Jm McNabb
Is seller financing a safe option
12 April 2020 | 8 replies
Also called an AITD or All Inclusive Trust Deed; the buyer is using the "wrap" loan to make payments to the seller, who in turn continues paying on his original loan while deeding the property to the buyer; the original lender must agree to waive the "due on sale" provision in the original loan; can be an alternative when seller financing won't work because of the seller's loan on the property; original lender may grant permission for a "wrap" to be created; the buyer may qualify to assume the original loan; getting permission to "wrap" from lenders is not easy; there is a temptation for buyers and sellers to create undisclosed wrap agreements; lenders may commission ongoing research of title records looking for undisclosed liens; if discovered, the original lender can foreclose on the seller and the buyer would lose everything, including their down payment.
Drew Hittner
Farming a List of Out of State Multi-Family Owners
15 April 2020 | 3 replies
It costs us about 8-10c per record and its good data.
Larry Leisure
Loan Advice for CashOut on Rental property
11 April 2020 | 2 replies
For the record, I bought the two properties cash: one in 2011 (my investment/ rental property), and my main home when we sold our company in 2014.
Katrina Gillrup
Advice for when using Hard Money
23 April 2020 | 18 replies
its never done till the mortgage records.