Dianne Pettitt
My tenant is filing for bankruptcy - chapter 7
We received a "Notice of Electronic filing procedure" yesterday from the US Bankruptcy Court. One of our tenants is named, but no other particulars. This is a confusing form saying we (I guess) have to submit docum...
Francesco Ferrero
Private Investor Loan 3 Years 7.2% annum
We are looking into getting a private Investors Loan of 120,000$ with these Terms. We are calculating our repayments to be around 2700$ Would this be correct? Also we are not quite sure what point 3b means for us.... ...
Gaylene Rogers lonergan
Only in Texas: Homestead Protections
If you reside in Texas, homestead protection is built into the Texas Constitution. It allows you to maintain your home free from the possibility of seizure by certain creditors. This protects Texas citizens from havin...
Garrett M.
Asset Protection tip with questions!! Pennsylvania
I need to learn more about asset protection in regards to real estate in PA. I have a small portfolio of single family rentals and I'm moving toward an asset protection plan. I am also in the process of doing estate ...
Heath Neely
Credit Union offers loans for LLC, but must personally guarantee
So I before I started shopping for my first property, I called the mortgage broker that I used the last time I purchased a house. I decided that the rates and closing costs he quoted seemed reasonable for a 30 year te...
Trevor Levine
Anonymize rental property addresses on Schedule E?
Hey there! I'm using disregarded LLCs to anonymize the owner of my rental properties. (The member/manager of my CA LLCs will be a WY LLC). However, I realize that if I'm hit with a judgement, I'll have to show the pla...
Anna L.
Trying to help a prospect with tricky Estate situation
Last week I sent out my first batch of 7 yellow letters campaign after driving for dollars. Yesterday, I got a call from 2 of them. One wasn't interested because she is dealing with some family issues. The other one w...
Brannon Harnish
Silent Second Lender
Hi all - I am a real estate investor looking to grow my portfolio. I have about $100k available in cash to buy my next few investment properties. I am looking for turnkey homes in the $60-85k purchase price range ( I ...
Bob Malecki
Higher-Priced Mortgage Loans Impound Requirements
Well, this note biz always has a new twist thanks to the feds. We just got this email from our servicer in regards to a loan that we purchased which is a fully amortized, owner occupied, 30 year P&I note at 12% co...
Ibrahim Hughes
What Personal Responsibilities Do Legal Reps (i.e. Executors/Administrators) of an Estate Have?
I have the question out to my attorney but figured I'd see if I can get a general preview of his answer here. I'm curious about the following:
Can creditors keep contacting/harassing the Rep about debts owed by the ...