Joshua Walters
HOA Foreclosure- Mortgage Payoff
I bought this home from an HOA foreclosure auction. The house is worth $650,000 (conservatively). The previous homeowner took out a mortgage for $275,000. Since I bought it from an HOA foreclosure auction, I know the ...
Ishmael Johnson
New Jersey Eviction Issue
I have a tenant that has been giving me issues since i acquired the property. She is completely negligent and refuses to let any of the professionals do hiring to get a detailed look at her unit, it is costing me mone...
Stan Hrincevich
HOA Transfer Fees Costs Home Owners Millions
The issue of HOA Transfer Fees is a nationwide practice to be questioned.If you closed on a home in an HOA you most likely noticed a few line items that are, well, just there. Ask for an explanation of the fee and yo...
Account Closed
Responding to Lazy Applicants
I was just curious about how other people handle the lazy prospective tenant. For instance, an email through craigslist simply stating "I am interested in this home". No questions or anything - just a simple stateme...
John Reid
Distressed property and possible first flip.
It was brought to my attention that a there is a property that has been unoccupied for a number of years. My question is how do I go about finding out who the owner is? After finding out who the owner is how should I ...
Jesse Pascoe
Loan to make up difference between sale price and appraised value
Hi, I have a problem I think I've solved but I lack the experience to work out all the details. I have rental property which is on a large develop able lot with a shop in the city. I worked out a deal to sell it to m...
Tom C
Evaluating a package
I have been presented with a package deal. 7 homes a total of 11 units. When I evaluate the deal as a package it looks pretty good, but when I break each unit out and run the numbers several are falling short because ...
Freddy Lleren
Can I use a 1031 exchange if I bought under my personal name?
I bought a property under my name instead of an llc. I am getting ready to sell and I there will be capital gains. I have heard about using a 1031 exchange to use the proceeds for another property. Is this correct? Do...
Forest Rainwater
Pre Rehab appraisal question
Question for those who have had pre-rehab appraisals done for financing a combined purchase/rehab loan. I know they're going to be estimating the ARV for once repairs have been done, but what would you supply the appr...
Anthony Sherman
How to Best Document Early Lease Termination (MA)
Hi guys,I have a tenant who has requested to move out early due to COVID-19 related financial hardship. Don't worry, I tried many times to work with them on options as I do not want to make someone homeless during th...