Rami W.
First time as private lender. Request for reconveyance process?
The borrower seems ready to pay off his loan. His escrow company has asked me to sign a Request for Reconveyance and a "Beneficiary's demand". I have not yet received the original loan amount back yet. Shouldn't I be ...
Matt Swearingen
What to do with Grandma's property, ideas please.
My grandmother passed away recently. She had a reverse mortgage with a current payoff balance of $150K. The house is in near-perfect condition (Grandpa maintained it well until he passed). I haven't gotten a BPO or...
Josh Calcanis
Seller Financing - A new twist on something I've heard before
BP,I just moved back to Florida from Seattle and one of the priorities was to find another REIA. I found CFRI and attended their general member meeting today. The speaker was going through a couple of methods of creat...
Kirk Gore
What to do when your lead is underwater on their mortgage
I just received my first call from my direct mail campaign. The lead is an out of state absentee owner who owns the house as a rental and is underwater on his mortgage. He bought the house in 2007 and said if he tried...
Matthew J. T.
Should you have a Title Company + Buyers list prior to finding a deal?
I am wanting some input, should I build a buyers list first and get a title company that does Assignment Contract or Double closing method prior to me hunting for a motivated seller. I think it would be wiser to be p...
Jenny Craig
Mortgage company to redeem a tax prop. In AL, but is not listed.
I purchased a tax property in Birmingham al (Bessemer-Jefferson div) and recorded it on 8/7/2017. The original owners have passed away, but I have received a number of letters saying they were going to redeem, includi...
Ben Gammon
I'm starting a property management company in Cincinnati - what is your wish list?
Howdy! I have 10 years of property management experience, 5 years in development and decided I'm going to venture into property management and development for others because I keep getting asked to do it anyways. What...
Amy A.
Why do people buy on leased land?
I came across what looked like a great property on Loopnet. It's a Starbucks, yogurt shop, and Subway on a parcel in a large shopping center in a great area at 8.26% cap. After dropping everything to go look at i...
Eric Fete
LLC with partner question
Hi everyone;
I am purchasing a sfh for a rental with a partner. I am working on a LLC for us to hold it in and had some quick questions:
1. how do we set up insurance with 2 of us owning?
2. do I set up an LLC...
Julian T.
Exit strategies for turnkey properties
Hello, I am considering purchasing turnkey rentals from reputed companies like MemphisInvest (Memphis) or Profitfromrentals (Chicago), however I still do not see or understand what exit strategies they offer in case ...