Trina Walker
Why Not Pay Fortune Builders?
I just spent 3 days at a Fortune Builders seminar as a newbie. It cost $100 each for me and a friend.
I feel I got more than $100 value from it. Highlights:
Forming my LLC in Nevada because of the stronger corpora...
Colby Mulry
Tenant always pays late, but not late enough....
I have a tenant in my first floor unit who has been late every single payment for 11 months in a row with every excuse in the book. However, they always end up paying right before the legal timeline for eviction. Does...
Joshua D.
Is everyone ready to hear my crazy deal of a lifetime?
So seriously landed a deal that blows everyone of my other deals out. Me and my wife have been ecstatic and my father in law who is a big business man in the area cant believe it. Thanking god every day for my blessin...
Shiloh Lundahl
What has been your SCARIEST land-lording or investing moment?
In keeping with the spirit of Halloween, what has been your scariest moment as a landlord or investor?
Mark Hamilton
Trustee Rescinding Sale - California
The facts are straight forward:
1. I bought a Home Equity Loan in foreclosure. It was in the first position because a subsequent 'first' loan did not have a subordination agreement recorded. I received and recorded t...
Bud Gaffney
Purchased a 4 unit Multi Family - Rents WAY below Market Value
Hi all,I recently purchased a 4 unit multi family property in Taunton, MA. I bought the property in September 2019. They are all 2 bedroom 1 bath and approx. 1,000 ft2. The units are rented way below market value (It ...
Rob C.
Entity structure on out-of-state rentals and no CA franchise tax?
This topic is just in regard to California residents with properties *outside* of California. Assume a California resident sets up an out-of-state trust, which in turn is the only member (and manager) of an out-of-sta...
Olivia Darling
How Do I Wholesale Pre-Foreclosure Properties?
Ok, I have two good deals but they are pre-foreclosure properties and I'm a Wholesaler. How do I close the deal with a Pre-Foreclosure? I'm lost because I know about closing deals with FSBO properties. Do you do pre-f...
Kent Renshaw
Besides filing a Memorandum of Agreement, how does a contract buyer protect contract seller from mortgaging the property. And if they do, who is first in line?
Scenario: Contract buyer and seller enter into a Contract for Deed. Buyer immediately files Memo of Agreement in the situs county. All goes well for two years and Seller applies for loan. Mortgage Lender realiz...
Jestin Sorenson
prospective tenants with high debt to income ratios
I have a couple applicants that are married with a newborn baby. She plans on staying home with the baby. They both have mid 700's on the smartmove application, which I think is really good. They both are college educ...