Krista Dunn
South Carolina investment property tax???
Looking for some clarity on South Carolina "investment" property tax, which I believe is 6% (and primary residence is taxed at 4%)... Today someone told me to expect the property taxes on an investment property in SC...
Ashley Ketvongsa
Subto Newbie looking for answers on an impending foreclosure
I’m a real estate agent and have been approached by a neighbor who is in the very last stage of foreclosure (within the month). We are meeting with them tomorrow to discuss and view their home. At this point we couldn...
Frank Fiore Jr
To Short Sale or Not To Short Sale That Is The Question?
I realize there is no sure fire way to guarantee a lender will agree to a short sale and in a lot of cases it seems to come down to "the bottom line", will it be it more profitable; or should I say less costly; tha...
Billy Johnson
Tax Question about inherited property
My sisters and I inherited 34 acres in Florida when our mother passed. The property is in all three of our names. I placed a mobile home on the property as my primary residence about a year ago. I am currently thinkin...
Jonathan Spaeth
What happens when buying a note in bankruptcy?
What generally happens when buying a note in bankruptcy? Do you, as the new note owner, still have rights to collect on the debt? Does the property usually get foreclosed on?
Adam Craig
Buying a small church to lease out to another church.
Tuesday I am looking at a Church that has been for sale 3 years but they did a price drop asking 210K for 5000 sq/ft. The location is prime - in the middle of a really desirable neighborhood just outside a bar/restaur...
Micah A.
Can note lender contact borrower directly?
Is it legal for me to contact borrowers directly to discuss modifying loans?Currently own two non-performing junior liens in Connecticut. I have an LLC which I used to buy notes and currently have both notes boarded w...
Trevor Bingham
What's your ice breaker into a foreclosure?
I found someone I know on RealtyTrac.com indicating their house is near foreclosure or in it. I've been struggling the last few days trying to decide how to bring it up. I want to buy the place but I'm not sure on the...
Lenna Groudan
"Subject To" How does this change the 70% ARV - Repair Analysis
Hi - I have gotten fairly comfortable with the basic Investor MAO formula of 70% of ARV-repairs.However, I know there is another model of acquiring investment grade properties which is to take over the sellers mortgag...
Meg Hoff
Short Sale of Rental Property
I am considering a "strategic default" of my condo property in California. I bought it as my primary residence in 2004, but have rented it out for the past two years. I am more than $100K underwater, and do not qualif...