Bienes Raices
Mortgage was sold to Ocwen--what to expect?
The mortgage on my personal residence was just sold by GMAC to Ocwen. I'm pretty nervous because there's tons of horror stories on the web about Ocwen (saying the payment wasn't sent in when it was, and many other mis...
Angie Williams
Loan forbearance and UNFAIR Suspended Payments?
My question is when someone goes into a loan forbearance, why does the loan company put a suspension on payments?
My neighbor at one of my properties in PA missed 3 mortgage payments. Her mortgage company gave her a...
Maria Lamb
Do I need to send 1099’s?
I purchased a fixer apartment house, unoccupied, in 2020. It will be ready for occupancy in early 2024. My accountant said I didn’t need to issue any 1099s yet because the property is not in service as a rental. This ...
Pamela Winslow
sold mortgage note that got bigger
Hi, I just bought my first investment property, I am paying my first mortgage payment. I was informed my mortgage was sold from the original bank I made it through. I received my first paper statement, all good, sam...
Jazz May
Notes Held by Failed Bank
What happens to notes held by banks that were closed by the FDIC. If mortgage payments are still to be paid to the closed bank, what happens to the payments?
Nathan Frost
AMEX Business Line of Credit
Hi, has anyone applied for a business line of credit with American Express? What all do I need to do? Would like to get the process going. Looking for 20-50k.
Alicia Campbell
Self Directed IRA- Hire a non disqualified business
Good afternoon, Can a self directed IRA hire an organization for services owned by a non disqualified person, who in turns hires a disqualified person? i.e. Can I hire a business who sub contracts with my son, if my ...
David Bergmann
Cleaning Payment Frequency
I have been managing "per cleaning visit" electronic payments to cleaning company for several AirBnB properties for a few months without issues. However, we have 2 more units coming online in January and feel like th...
Dwight W.
Myfax
Hi everyone, Just wanted to share some information about Myfax.com. If you're not familiar with internet fax, they allow you the capability of sending and receiving faxes over the internet without the need for a fax ...
Isaac B.
Running tenant's credit report
As landlords, how do you run credit reports/checks against your applicants? Any particular service/website you use? I do have their information including SSN that was turned in as part of the application form.Thanks!