Jason Runkel
Tenant Screening Guidelines
Hey Everyone,My partner and I are working on our tenant screening guidelines for the property management portion of our business, renting properties in generally C+ and above neighborhoods. Some things we have include...
Ken Bucho
Real Estate Notes
I am buying a partial on a note and we are finalizing the agreement does anyone know where I can get a contract that is already written for this transaction.
Patrick McGarry
Private Lending - secured loan with insufficient security
I am wanting to loan $100K to an LLC that buys, remodels, and sells houses. The borrower needs to secure the loan so that it can deduct the interest paid to me on its taxes, right?If yes, can the borrower secure the l...
Daniel Hart
If a junior lien holder forecloses and owns, how can they get 1st lien payment info?
If I own a junior lien note on a property, and I foreclose on it and take ownership, I can avoid the possibility of the lender calling the loan due.
However, without authorization or a POA from the borrower, it's n...
Blake Jones
Do you really require the first, last month's rent + the deposit?
I'm a new landlord. I have a 3 br/2 bath rental that'll go for about $900 per month. I'm wanting to know from more experienced landlords/managers do you require people to give first and last month's rent plus deposit....
Mike Mitchell
How to make a zero interest rate note sizzle!
I have found a note with a upb of 28,500, zero % interest, with 114 payments of $250 remaining. A note at zero % interest is unenforceable in Texas and the note cannot be purchased as it is. I offered $13,636.35 w...
Kristy McCoy
Landlord needs to break the lease before the tenants move in.
I found a new tenant for my property . Upon signing the lease she provided me with a security deposit . She did not have the security deposit so she had to get a check from her mom . One week later it's almost time ...
Alex Perez
Credit card
I have a secured credit card for about 4 month from my bank to build credit should I also get a secured capital one card as well? Would it help me build credit faster?is it better with one card or more than one? Need ...
Pedro Urena
private money, how to best setup the transaction
My wife and I are about to close on our first property a 2 family in NYC and I'm already thinking as to how to get the next house. We have a family member that can loan us money at less than 3% the problem is that the...
Nick L.
Subject-to - seller paying the 2nd mortgage - what should contract look like?
Hi. I am working with a seller on a subject-to deal. Here is the info:
Owes 47k on first (payments = 387/mo PITI)
Owes 7k on second (payments = 90/mo PITI)
The seller has agreed to continue making the payments on ...