Kelly Welton
Mechinic's of a Sub2. Who makes the actual Mgt Pymt?
3 January 2014 | 5 replies
Jamie,you have some details correct and some mixed up a bit - let me help.There are 4 components to a property - let us use a single family home as an example.There is the house - bricks and sticks.There is the deed - who owns the propertyThere is usually a note and mortgage - the Note is the promise, the Mortgage Secures the promiseThere is occupancy.Most people think these are all in the same and sometimes they are - in our instance, they are not. 123 Main St is the physical address.
Justin Escajeda
Seller financing question, Need Help
5 January 2014 | 26 replies
I have chosen to use other means of financing for this deal, mainly because - for me - there are too many unknowns and I do not invest in what I do not understand.
Dan Zaccardi
MA Real Estate Salesperson class
2 February 2015 | 8 replies
Right on Main St/Rt 20 near where it meets Moody St.Also did online CEs with them as well that were good and pretty user friendly.
Brent A.
Chicago eviction attorney - have you worked with these two attorneys?
3 January 2014 | 9 replies
I recommend going with a specialist attorney.Typically we don't have to deal with it because we mainly do flips, but sometimes we pick up auction properties that require an eviction.
Erick V.
Borrower filing bankruptcy...what happens?
6 January 2014 | 8 replies
They can stick any arrearages into the repayment and you'll get monthly payments on that, but moving forward they have to make the regular payments on time.The judge does not have the power to restructure your contract other than what is allowed under BK law on dismissing unsecured debt.
Eric O'Brian
Partnering with Seasoned Investor as Mentor and Becoming his Property Manager?
7 January 2014 | 22 replies
I would do everything in my power to make it happen.
Mike Baker
What to do?
3 January 2014 | 6 replies
That is really the main reason we don't have much in the way of savings.
Brandon Turner
The $458 Mistake... (And How You Can Avoid It) QUICK TIP!
8 January 2014 | 32 replies
. $458 for three empty units.Now, I know I would have needed to pay some charges for electricity, but between the three it shouldn't have been more than a $50 for using the power tools and heat on the few days that I had guys working there.So here's the lesson: TURN OFF YOUR HEAT WHEN NO ONE IS THERE.
John McCormack
Our First Multi-Family Deal. Advice?
6 January 2014 | 2 replies
The main house is divided into two.
Carrie Smukal
Extortion by City to Update Plumbing
4 January 2014 | 13 replies
While some over zealous or power tripping inspectors give them a bad reputation, we are all better off thanks to building/housing standards enforced by inspections.