Lilly Fang
foreclosed house with solar lease
If we buy a foreclosed house from the bank, but the house has a solar lease on it, do we have to take over the lease?
I was planning to buy the house to prevent it from foreclosure but decided to pass it after readin...
Mitch Kronowit
HML actions in case of default
Originally posted by Jon Holdman:I'm taking back a house this week because the borrower hasn't been able to sell it.
Jon, sorry for the thread drift, but I've been wondering, when the lender (you, in this case) fore...
Adam Paxton
Tips for working with long distant property managers
HelloMy question is for the investors out there that own rental properties in other areas of the country and depend on local property management to keep the properties operating effectively.Basically just broadly sear...
Ethan Rozenfeld
Seeking landlord liability insurance in Florida
Hi all, I own a nice duplex in St Petersburg, Florida. I have nice tenants too, but I still think having adequate liability insurance is wise. I thought I WAS covered, until I read the exclusions in my personal umbrel...
Adam Dorn
Ever use FHA to buy at auction or other non traditional route
I was thinking about trying to buy something using an FHA rehab loan. I actually used a 203K (non- streamline) on the house I'm living in now. I did all the architectural exhibits, estimates, budgets, and constructi...
Paul McCormack
Gurus that require profit sharing - Unethical or par for the course?
I recently evaluated a mentor agreement with a nationally recognized expert in SFH investing. Let me state upfront that mentoring and expensive courses are not something that I believe actually work, yet this program ...
Ed Lopez
Excessive "Make Ready" Costs from Property Manager
Hello,I've had some issues with excessive costs through my property management company over the years. I'm a passive investor and these properties are in a different state than I reside in so I'm not there in person ...
Laura Yoerger
Deferring costs of Solar Panels
Does anybody know if it is legal to make tenants pay the monthly solar panel lease fee and what the solar company is charging for the electricity generated? The lease that the property manager set up, that the tenants...
Cin Ng
What to expect at Sheriff Sale if modified loan is underwater?
I'm new to all this, but what if it looks like the loan was modified and then defaulted on? What is bank bidding protocol (in Cleveland area)? It seems most cases are bought back by the Plaintiff bank. Could there b...
Jeremy England
buying costs excessive?
I'm calculating costs on a potential deal and got a loan estimate from a conventional lender. It seems the buying costs are way excessive to me. What do you think?loan amount: 80000Origination charges:3pct points: 2...