Hi,
I was just hoping some experienced lenders could shed some light on their experiences of having to take back a property due to their borrower defaulting on a loan. I am curious of how often you have had t...
Whats the best way to deal with code/maintenance liens from city municipalities that are recorded as liens on REO, you know the $250/day liens. Some of these REOs im looking at are vacant since 2011 and the lien was ...
Is this a sound investment strategy?
Acquire a building . We get a hard money loan for 50%-60%. We then ask the seller to carry a note for the other portion. Of course we will have points and other costs. We then...
Hi Everyone,
I am buying a 3 bed 2 bath condo in Orlando at Vista Cay. I intend to run it as an STR but I have found that if I hire a management company i will be cash flow negative. I will likely self managed inste...
Wanted to share a recent no win situation. Have a borrower in BK and we filed post petition fees for proof of claim and a plan objection (since they originally did not include property in BK). Now the defense counsel ...
Hello All, I am a newbie with several questions. I have narrowed my investment interests to wholesaling, tax liens, and bank foreclosure auctions. In my learning, I understand the importance of focusing on "One Thing...
Hey Community - I have some questions and would love some guidance on what I can/cannot do as a landlord during the moratorium (in Salt Lake City). Feb 1st my tenant paid 2/3rd of the monthly rent and then sent us a t...
Hi BP!Quick summary of what I am doing: Acquire small multi-family properties with capital partners to put up the down payment money, bank finance the remainder of the loan. Create win-win for all involved. I've ne...
I recently learned a few lessons in property taxes courtesy of the tax code and my mortgage company that I wanted to share so they don't catch anyone else off guard. In 2014 I purchased my first house down in Phenix C...
This question is more geared towards my fellow Canadian landlords since our laws are different from other countries.
I'm currently in a small town outside of Ottawa Ontario.
When my wife and I took over our rental p...