Shannon D.
Question about Collecting Tenant Excessive Damages Repair Cost in Florida
Our tenant vacated our property, leaving extensive damages that surpass the security deposit. How can we effectively pursue the charges if the tenant refuses or ignores the responsibility to cover the repair costs? A...
Gulliver R.
Using Collection agencies to get back rent
Has anyone ever used a collection agency to get unpaid rent plus late fees paid back to you from your past tenants? How does it work?What does it cost usually?What collection agencies do you recommend?And do you recom...
David C.
Private Loan, Note Purchase
I’m considering lending money to a house flipper. Because I’d like to avoid any issues surrounding loan origination regulations (usury, disclosures, licensing, etc.), I’m considering having him personally create a no...
Brian Gibbons
News from CFPB re: Foreclosures and Pre Foreclosures
CONSUMER FINANCIAL PROTECTION BUREAU EXPANDS FORECLOSURE PROTECTIONSUpdated Servicing Rule Provides Surviving Family Members and Other Homeowners with Same Protections as Original BorrowersWashington, D.C. – The Consu...
Stan C.
Collection Agency matters? How to collect dept successfully?
This is my first property and first eviction.
One of the tenants was sued for non-payment after 2 years of paying with delays but never skipping a payment. Eviction was granted. 3 days before writ of possession (e...
Nathan Gesner
Funniest excuse for not paying rent?
Share your funniest excuse for why the Tenant failed to pay rent!
Paul Birkett
Lender View: Here's what coming next....the outlook is not good.
Mortgage Update: Outlook is not good.
The economy continues to shudder to a halt. As I write, lower manhattan looks like a ghost town. My local coffee shop typically turns about $1,000/day. Yesterday, Carlos had take...
Account Closed
How to purchase a single defaulted note from HSBC
I am interested in purchasing a note that has been in default for at least 12 years on a specific property. A subsidiary of HSBC has the note. Is this something that is possible? They have not foreclosed on the hom...
David Litzau
First time buyer for a multi-family investment
I'm looking at a multi-family investment, but after doing the math I don't think this actually creates a very good cap rate, nor a good annual income. I wanted to get feedback from those who are more experienced to s...
Mack Lev
Cons of getting denied for a HELOC?
Alright, so I have a rental property owned free and clear, and I want to use a HELOC (preferrably from a credit union [PenFed to be exact]) in that property to go out and fund other RE deals. The problem working again...