Eric M.
Lenders, do you have borrowers pre-sign DIL?
I have heard of the technique of avoiding potential FC problems by having a borrower essential pre-sign a Deed in Lieu which basically says, if the loan defaults this Deed in Lieu becomes enforceable.
Sounds too good...
Brentin Hess
Master List of Syndicators
"If you want to fast, go alone. If you want to far, go with others". - African ProverbIt would be extremely helpful to organize a single thread with anyone who has completed at least one multi family syndication and ...
Robert Steele
Is the housing market cooling?
Is it just my imagination or is the residential housing market here getting a little soft? Looking at the stats everything still looks good. Only a couple of worrying signs.The percent of original price didn't get qui...
Marissa Myers
Calif’s new granny unit law & ADU flips: is CA the next Portland?
I am happy that California has passed a new law that eases restrictions on secondary units, effective January 1. When Portland did something similar, it sparked an ADU boom. Permitted ADU projects skyrocketed, and a c...
Brandon Brock
Eddie Speed Note School
I attended a 3 day seminar this weekend promoting noteschool. Noteschool is a mentorship and training program for notes performing and non performing. It seems very expensive starting at 16k depending on the leve...
Justin S.
What would you do? Hold or Sell?
I believe I may already know the popular vote, but here is my situation: I purchased a brownstone in Brooklyn in 2014 as a shell and the house underwent a gut renovation. It is a 3 unit building that my wife and I occ...
Natalie Kolodij
How to counter my my landlord's "fair" price he will sell for?
Hey guys, A little background: I've been renting a house for 2.5 years and my landlord is looking to sell. 2 Years ago they moved to Chili and now they decided they're going to stay. Before I moved in they had the hou...
Gene Jung
Certain amount: looking for investment opportunity
I have 500k to allocate into real estate. Assume that I have taken care of retirement account and general stocks contribution. Also, assume a regular job so I do not need extra income. I want to invest 500k real estat...
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...
Rav Ram
What do i do with this Old Nursing Home building i just bought!!!!
Hello,I purchased a vacant old nursing home that is in a low income area of the Dallas / Fort Worth area. The place has 30+ Rooms and is over 15,000 square feet. I was going to convert this 1950's building to an assi...