Joshua Andrews
Forclosure, Equity & Notes
From a note owners perspective, I'm a little confused regarding what happens to excess equity when the note owner is forced to foreclose.
Lets say for example, I own a 2nd mortgage. For simplicity lets assume...
Account Closed
Debt Pay Down vs. Save Cash Flow for more Property
Hey Everyone,I'm having an internal debate and would love some feedback on which strategy is better.I own one duplex. Option 1: Do I take all of my excess cash flow (which I don't need) and pay down the debt as fast a...
Stevens Demorcy
Hard Money Question
So I was speaking to a provider about SBA loan options for a small business i am starting. Its not real estate. He suggested I look at a hard money loan from a provider that he just started working with and the deal ...
Jayson Quintin
Best Umbrella Insurance for an Individual
I need an advice to where and what kind of umbrella insurance I should get.
Thanks!
Matt Pfefferlen
HOA foreclosure in CA
If there are no other liens after the HOA which in this case is foreclosing, does the homeowner get the excess funds from a bid greater than what is due to HOA? I imagine that is how it works, but seems a bit non-sens...
John Perry
Bid On House Subject to 1st mortgage... Advice Needed (Ohio)
I bid on what turned out to be a a 2nd mortgage in Ohio. The house is worth around $300k. I paid 258K at auction. Looking through the court records I can see that the 2nd mortgage was awarded ~100k. There are around ~...
Spencer Speckles
Reasons to apply for commercial zoning exception or variance
I have a property in the central business district (C-1). I’ve been trying to lease the building for several years and have not been successful. Here’s my problem: the available space is at street level and the permit...
Jon Parks
Disposition of Security Deposit in NY
I recently had a tenant move out who caused damage in excess of their security deposit. I sent them an itemized list of the charges/repairs and a bill for the excess. They are requesting that I send them copies of t...
Andy Cross
Researching Hot Investment Markets
So I recently heard on a BP podcast (BP Podcast 181 @ 22:00mins) that one way to find out where investors are buying homes cash is to obtain a list of "corporations" that bought properties cash in a particular area in...
Ashley K.
Is Property Management company gauging me on Make Ready fees?
I am working with a property management company to rent out my home. These fees seem exorbitant to me. I have asked if they take a kickback and they said no.$2,000 to make Ready Home (750 sq foot, 1 story home) ______...