Austin Elm
Property Under Contract and then.... Fire!!!
I have a property under contract in Great Falls, MT that recently had a fire break out and was a complete loss. Every one is fine and no one was hurt during the blaze. I am still within the property inspection period,...
Gordon F.
How can an investor bid on their own foreclosure property?
Let’s say the worst case scenario has happened, and now you’re at the auction for the property you had to foreclose on. How can an investor afford to open the bidding at the price of the UPB and costs? If you win, d...
Matthew Crane
3 random NNN questions
Hello all, I'll get right to the point with my questions:
1. When investors purchase a NNN lease and the loan has a large balloon payment in 10-20 years, where do people come up with such a large payment to payoff th...
Brad Birky
Buyers can't get financing due to zoning
We are in the process of trying to sell our duplex in Toledo and have run into (yet another) issue. The buyers have reported that they are unable to obtain financing since the duplex (built in 1907) is located in an a...
Lauren Ruppert
Fire next door...damage to my rental property.
Hello all! I'm not sure where I need to post this, but here goes.... I have a rental property that is a row home. The home next door had a fire and now there is damage to my property. It looks like water/drywall an...
Tou V.
Subject to and selling who does Escrow issue check to?
As I understand it. When taking over properties subject to. The title doesn’t change from previous owner. When selling does Title company make a check out to the owner on title or will they pay the investor directl...
Jay Kadlec
Contractor threatening to go to collections
Problem: Fire next door caused damage to our house.Solution: Hire company to fix house.Should and could have been just that easy, however as the process went along with this guy we grew uneasy and eventually backed ou...
Johnnie Ann Ware
insurance on rental property
Can one named insured on rental property that is co-owned remove the other named insured from the policy if both names are on the deed to the property?
Kevin Sage
Property Damage to Non-Attached Garage
Dear BP Members,A couple weeks ago, the non-attached garage my rental property was damaged. The garage appears to have been run into by a vehicle that knocked the wood framing off of the slab causing it to lean and ma...
GR Pachmayr
Flood Insurance
Hello,I received a notice from my mortgage company that they are requiring me to get flood insurance because my duplex is now in a flood zone due to some recent change at FEMA. I contacted my insurance company, and t...