Moncy Samuel
HOA dues legal letter
I bought a single family residence back in 2015 through Auction (courthouse auction) and rented the property to a tenant. Last week, I received a Legal letter (from a lawyer) that I owe $2500 dues in HOA and requestin...
Luis E Luciano
HELP Removing a Lien before I get a Buyer
HI Biggerpockets Community,Anyone has ideas on how to remove an Involuntary Lien (Gas) on a Property. So, I walk my dog around the neighborhood and found this house with a For Sale by Owner sign in an up and coming ne...
Earl G.
Non-Performing Note - VA Loan
I'm a new investor and am working toward my first non-performing note deal, but of course it's not straight forward. The numbers work for me and I'm working through my due diligence, but I won't be speaking with my a...
Michael Cooper
Mortgage modification help!
I bought a house in Tacoma, Washington in February of 2006, the height of the housing bubble when I was 24 years old. Long story short, I lost my job in 2012 and had to stop paying the mortgage. I went 5 years witho...
Shamoon Siddiqui
Letting my HOA do a foreclosure if I don't want the property?
I bought a condo back in 2009 for $100k even (20% down conventional) as an investment and I stopped paying HOA dues about 2 years ago. Not sure why, to be honest - I guess it sort of slipped.Anyway, they initiated a f...
Todd Luong
1031 Exchange Question - Getting a big property tax proration credit from Seller
1031 Exchange Question - Let's say the investor has already sold her relinquished property (which was owned free and clear with no debt) and afterwards has $325,000 in 1031 exchange funds available. The investor is no...
Kevin Wasie
1031 on lower cost property
Hello, I am going to complete a 1031 exchange for the first time.I recall that I read in a book that most people do not understand the boot rule correctly, and many 1031 QI's implement it incorrectly. Specifically, th...
Daniel Dollar
Question About brrrr
Maybe I'm just missing something, but I'm confused about a few things with the brrrr method. Say I buy a house for $100k, rehab it for $20k, and then refiance for $200k. If I did a cash out refi, I would have around $...
Euri Lorenzo
Question purchasing 1st deal
Hello,
I am purchasing my first deal and the closing is on Friday. I am buying the property from a person who was losing it for not paying his taxes. I offered him that he would net $4500 and I would pay all ...
Steve G.
Tax Sales, redemptions & Wholesaling
New Member here, and enjoying what I'm reading on the forums !I've been checking out properties where the owner is behind on their property taxes and would be interested to understand and clarify a few things:1. If th...