Lekisha Cole
$7000 in Taxes owed on a potential wholesale deal.
I have a potential wholesale deal. The home is paid for but has a little over $7000 in taxes owed on the property. 3/2 with 2 extra potential rooms in a nice area. The city want to auction off the property if not paid...
Sam Booth
So Dave Ramsey says.....
So Dave Ramsey says that when he interviewed 10,000 millioniares close to none used debt or leverage to get there. So how many of you out there have used leverage, maybe conservatively, to increase you net worth and c...
Amanda Thompson
Security Deposit return to bankrupt tenants?
Our NIGHTMARE tenants finally moved out. They owed us over $15,000 in back rent and fees and then filed bankruptcy. (This is the 3rd time they've done this... one major reason we fired our Property Manager. Seriously,...
Rich Hupper
Mortgage and Bankruptcy
Can someone tell me what happens when a mortgagor files bankruptcy before a foreclosure auction takes place. Is the mortgage wiped out? What generally happens to the property securing the loan?Thank you
Anthony Newbold
Credit Score 510, any good?
Credit Score 510, any good?I subscribed to the 'SmartMoves' by TransUnion that is promoted by BiggerPockets.......I have a buyer!Now that I am looking at their history I am puzzled. Now this fella makes good money, ...
Andres Piedra
Judgments: Sending a "This is what it means to you" list
I couldn't find one on the web or in the files on BP. Does anyone have an off-the-shelf list of ramifications for an ex-tenant who doesn't pay the judgment? I want to include something like that with the letter I'm...
Mike Oconnell
Would you rent to tenant in Chapter 13 if they pay for full year
Would you rent to a prospective tenant who is in Chapter 13 bankruptcy if they pay for full year up front?Thanks!
Nick Kurtz
40 Unit Development in Tampa... Is it a good idea to pursue?
I have a new associate who has been in REI for 20+ years, and recently sold 300 units. He has syndicated a few deals and is creating a new one to build 40 units in Tampa FL. I see benefits but I'm trying to understand...
Eric P.
Want more Cashflow.. Pay off debts or Use cash for property?
I have about $37,000 worth of debt between student loans and used car payments. My highest rate is 6.5% student loan (tax deductible) the lowest is the car loan at 3%. I want to break into RE investing with my bigge...
Mija Aguilera
First JV deal - Wholesaler will put the property, I will put the Renovations - Advice
Hello Appreciated community, this post is to seek some advice.This will be my very first REI venture, I have found a deal online a couple of days ago, I went to see the property and met the wholesaler (he looks cool a...