Arthur Mayer
How would you make money in this scenario for a non-performing 2nd
So here is the scenario:First Lien is $150,0002nd Lien is $40,000FMV: $80,000Borrower is 120+ days late on both mortgages and is in Chapter 7 Bankruptcy.Assuming the Property Taxes + Late mortgages there is about $20,...
Tom Medwin
Strategy For Working With Realtors & Commissions
As a realtor I just want you guys to know that you are being a little too generous to have the realtor make their commission on the A-B transaction AND B-C transaction. Just know that most, not all, but most realtors...
Damian Baynes
Getting a lot loan
Hey everyone,
I've come across an opportunity where the seller owns a large house and also owns a vacant lot adjacent to the house and is trying to sell them as a package deal. This deal is pretty enticing to...
Zevi Arem
Raising money for deals on social media
Is it legal to post on social media about raising money for real estate deals without a crowdfunding platform or any deals yet in place but for future deals and if it's not legal to publicly post on social media platf...
Max James
When to charge tenant for clogged toilet
I have included in my leases that all Residents are required to pay for the cost of unclogging a toilet/sink/bathtub if it was their fault. Yesterday I had to unclog a toilet from what I believe was due to the "flush...
Steve Sherman
Unknown non-renters staying in my 4-family's basement. What now?
Hey BP! I recently purchased a 4-family in an okay area of St. Louis and with the building I've inherited 4 tenants. A month into ownership, a few neighbors started complaining about the neighbor from one of the units...
Mike G.
Private money lending and CA usury law
As a rehabber, I'm willing to borrow money at more than the usury-limited rate of 10% (I live in California). I have seen posts in the past indicating that private money can be loaned at higher interest rates if the b...
Cody C.
Rich Dad Coaching?
Hello!
I'm a recent new member to this site, and I think it's an excellent resource for people like me who are brand new to RE investing.
I've had the "privilege" to attend a 3 day "intro to REI" course put on by th...
Jason Craft
Terrible Renters, can we get last months rent
My wife an I have been renting out a family home located in Orange County, California for the last several years. The latest tenants were their for 3 years. They asked if they could break out of the lease early if we ...
Dennis Johnson
Finding investors for syndication
Viewing all the forums and talking to various people, how can a person attract potential investors to his or her opportunities, talking to friends and family is good for small investments that makes since but if you h...