Tevin Edwards
Tired Landlord looking to create a Note.
Hey, I've been looking into and reading as much as I can about this form of investing in real estate. So I plan to sell a property with a Morgage & Note (Indiana) but I am trying to plan my Exit accordingly. My go...
Tess Vismale
Can a 2nd mortgage foreclose if the 1st is current?
Hi,
Can a 2nd mortgage foreclose if the 1st is current? They are with the same servicer but different investors.
-Thnx.
KC Zhang
What happens to 2nd position if 1st initiated foreclosure?
I'm looking at several 2nd NPNs for purchase. Several of 1st position holder started the foreclosure process. The underlying assets have enough equity (FMV) to cover both 1st and 2nd. How can 2nd note holder ensure th...
Nicholas Paros
Stopping Late Payments
I would like to get everyone's opinion on a matter. I have a couple renting from me that are constantly paying late. Now I have a late fee policy in place and I enforce it (rent due on the 1st,$50 on the 6th, $10 per ...
Doug Peters
How long does it take your PM to deposit rent?
We have an OOS property and the property manager is supposed to deposit the rent on the 10th of the month. How quick is your rental income deposited? I didn't realize that the rent deposited in the previous month.Fr...
Robyn Salawitch
LOOKING FOR CLAUSE TO USE WHERE I AM MADE A BILL BY TENANT'S BANK
I am looking to write a clause in my leases where the tenant shall make me a bill to be paid by their bank so I automatically get the rent every month. Does anyone have a sample of one they use in their leases?Robyn
Beverly Gutman
Nyack, NY subdivision
Hi all! Who would I need to reach out to for information on subdividing a property/ changing zoning in Nyack, NY? I am looking at a property that has a couple of multi families in the area and want to see if I could d...
Rick Albert
Raising Rent During COVID without being a Jerk
Hello Everyone!
I have two rentals where their leases are up in June and July (Los Angeles). That means by May I need to notify them about lease renewals but also need to raise rent. However, with everything going ...
Scott Wang
How to do a smooth transition between tenants
I have a single-family house and the current tenant is moving out April 30th. I just found a new tenant to take it starting May 1st.I've never gone straight from one tenant to the next in one day, and I've never sel...
Rona Strish
How does HOA super lien foreclosure work?
Hi BiggerPockets Experts, could you share how does HOA super lien work? Florida is HOA super lien state, does it mean if HOA foreclosed a house then 1st mortgage will be wiped out? I purchased a HOA foreclosed house t...