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When performing Due Diligence on a prospective investment in this case a Mortgage Note.. what questions are we looking to answer other than maybe status of title and estimated value of the physical property? Any input...
The title company (underwriter) refuses to close on the closing date (which has already passed), asking the seller to provide more legal documents of the property and the trust in which the property exists. (Apparentl...
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I had a caller come in via some mailers I sent out the other week and this guy has a fair amount of properties, 20+ I believe he said. We had a plesant conversation discussing a huge number of things including that t...
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We fired one of our property managers a few weeks ago and are now hearing about issues of negligence and possible criminal activity with missing tenant payments and/or not properly handling security deposits. Because...
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We have a single family house in Converse and get multiple questions about if we accept section 8 housing vouchers. We are fairly new to being landlords, so aren't really very familiar with how the program works. Also...
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Hello BP,I am in the process of searching for my first multi-family property and have been working with a FHA 203k lender. We had a conversation today and to keep it long story short she stated that I shouldn't expect...
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Hi, I am about to put an offer on a house on the MLS for $80k and about $50-60 Rehab with an ARV of $279. There is alot of play and I will need to meet the asking price in my market if not more. But sense there is ...
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Is there a way to use a credit card to pay someone without a fee? We want to pay our property manager with a credit card but PayPal and other online websites charge 3% fees for credit card transactions. Any tips?
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We are just learning about REO properties and I have a general question about the process. I see homes in 'pre-foreclosure' and have seen a couple listed at the local Sheriff's weekly sale where the bank keeps them g...
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Hi everyone. I recently purchased my first rental property. It's a 4 family, I live in one of the units, and will be managing the property. I was wondering what type of bookkeeping software property managers use for a...