John Thedford
Our REIA Meeting With DBPR: re what is unlicensed brokering
We had the REIA meeting yesterday. DBPR was kind enough to send an investigator down and cover the topic: what constitutes unlicensed brokering. She did address one specific case where the file has been turned over to...
Steve Vaughan
A commercial mortgage bites the dust!
I never do this! A little nervous with the Just Stop thread going on - but had to share. Freedom is more important to me than anything. It's why I do REI. My 3-word goal for 2017 (if you remember that thread) was 's...
Cameron Riley
Do you Run a Credit check; Why Or Why not?
- Credit Checks are a major deciding factor? - Have you ever had success without running a credit check? - Great applicant, with poor credit, that’s the only issue, would you take a chance on him?
Edward Brewington
Property Management Renewal of Lease Fee
The property management company I work with in Michigan wants to charge me $250 for a renewal of a lease. I have two other PMs in another State and they don't even charge me for this. Is this common? It's just resigni...
Rodney Sums
What would you do if your ocean view were to be blocked
Here's the story if it hasn't been discussed here before:https://www.nbcsandiego.com/news/local/solana-beach-neighbor...How would you respond?Personally I would have researched the zoning laws and other pertinent info...
Stan Tallman
Seller threatening to break contract to put back on market (for more $)
I have a small SFR under contract that's being sold by a flipper. It's a turn key, good flip with a few minor issues. We asked for a reduction in sale price for an AC not working and a clogged cleanout drain (concre...
Gary Fox
Ownership by Contributed Capital vs by Tax Capital Accounts in small syndications
Found this site looking for a JD or CPA (or JD/CPA) to answer one question. Sole manager for these (small, < 2.5M in investor funds max) syndications has been convinced by his CPA that the only IRS-compliant metho...
Bob Malecki
Question on 2nd position npn in CA -- can I contact borrower?
Hi All,
I just purchased a nonperforming note in 2nd position on a nice home in Los Angeles. The first is performing and listed with Chase. There is equity in the property even with both the first and my seco...
NIcholas Hamel
Should I use the equity in my primary for a rental???
Hey everyone I have a question for you. My wife and I just bought our first rental property and we are considering another. We have a good amount of equity in our primary residence and are thinking about doing a cas...
Jack Halley
how does dodd-frank act affect note investing and seller carry back
I've been considering getting into note investing but was told to avoid it because of the dodd-frank act could be a big problem. What is this act and why is it a problem for note investors?