Charlie Cameron
Non-Recourse Debt - Why do you need net worth?
I’ve been researching Fannie Mae smaller apartment loans. I haven’t been able to figure this out: if the debt is non-recourse, why then does the total net worth of the borrowers have to exceed the loan amount? Is ther...
Ray Southern
Seller lacks a P and L statement
Hi all,Not sure if this is the right forum to post.I'm doing homework on properties, and I keep getting to the point where I ask my Agent to get me an Profit and Loss statement on the property.9 times out of 10, I don...
Michael Zimeri
Investing in Dubai?
Hi Forum,This is Michael, I work in Coldwell Banker UAE as an offplan specialist. There are many people coming into Dubai to invest specifically in real estate. So in case you are looking to invest in Dubai it is a gr...
John C S.
Help with house closing
Hi all I have a question for a friend of mine. They are trying to buy this same house for about 6 months now. Every time there is a closing date scheduled there always seems to be an issue. The latest issue is now the...
Bob Malecki
Dodd Frank and balloon payments using contract for deed & LLC
According to the article linked below, Individuals and Trusts that seller finance one property or less per year (to an owner occupant) can implement a balloon payment. http://www.biggerpockets.com/renewsblog/2014/01/1...
Jason C.
Worth it to pursue collection activity?
Good morning BP!I have evicted a tenant (in Texas) and received a judgment for about 3k. The courthouse says I can file an abstract of judgment which gets me paid if they sell any real property in the next ten years. ...
Lee Bailey
Deed/Title Recorded after Death...?
Talked to a seller today, and her exact words were: "I have been advised by the title insurance company that because the deed for the property from my grandparents to my uncle was recorded after their death, I need to...
Stephen S.
who would I foreclose on?
This house has been empty for four years. Well upside down on the mortages. It took me a long time to find the owner - and actually I am still one step away: presently talking with the previous owner - the aunt of ...
Cheryl A.
Has anyone invested with Djuric Family Office aka Blake Capital Group
Has anyone invested with the Ian Djuric at the Blake Capital Group (https://blakecapitalgroup.com/) formerly Djuric Family Office (http://djuricfamilyoffice.com/)? If so, what experience have you had?Thanks!
Jody Broussard
Documents to ask for from seller on a 14 Unit complex
I'm fixing to contact the seller of a 14 Unit Complex. My question is what records should I feel comfortable in asking the seller to produce, so I can do diligence. Thanks in advance