Terry S.
Jersey City Tax Lien Sale
Hi forum:Went to Jersey City tax lien sale today, and I am sure I must have missed something here.It was an accelerated sale, which means unlike regular sale for the previous year, this sale will clear all delinquent ...
Rich Van Huesen
The difference between delinquency amount and loan amount on a default notice.
What’s the difference between a loan amount and a delinquency amount. When it comes to default information?
I’m looking to invest but want to the numbers so it make sense for the seller as well.
Basically took a m...
Eric Jones
How to Calculate Payoff and Arrears on Non-Performing Note
Hello,I'm currently doing due diligence on a non-performing junior lien that has gone unpaid for about 5 years. I know the unpaid principal balance, interest rate, and monthly payment but the arrearages and payoff amo...
Helen Zhang
Dallas Tax Deferral for Age 65
Hi BP community, I purchased a house that was previously owned by age 65+ couple who deferred their tax in Dallas county, Texas. It has been for a year since I purchased the property. Now it is interesting that the 65...
Carl Miller
Tracking Tenant Deposits and Refunds
How do most landlords track tenant security deposits and refunds? Do people just use a pencil and paper or is there specialized software for this? Or is there a third hidden option?
Christopher J Woodland
Investment Accounts within an LLC
So, this is something I feel I should know, but am not 100% sure about:
So, once you have an LLC formed to hold your real estate and start accruing cash which will eventually go toward your next property, can you inv...
Kellum Lewis
Lease Option - Is this a Good Deal?
This is a follow-up to another post I made earlier. I've worked out some numbers and would love to get others' feedback.A distressed seller contacted me. Her SFR is currently worth $389K "as is." (I've verified this n...
Fahima Hilal
Tenant security deposit accounts in NJ
Hello landlords, Do you open a separate landlord/tenant account for the security deposit everytime you rent a unit ? WHat about the multiplexes? It does get difficult when the number of units gets bigger, doesnt it ? ...
Christopher Winkler
What To Do With A 2nd Lien That's Unsecured In BKY
We purchased a 2nd lien, and by the time it was transfered, we passed the date to file as a secured creditor due to the prior servicers attitude of most will not make it through CH 13, and they are over 2 years into t...
Chris Seveney
Managing Your Servicer
Whether you are new to the note business or an experienced veteran, I would like to share with people some of my experiences and tasks needed to manage your servicerFirst and foremost think of your servicer as no more...