Account Closed
Improvement/Construction Loan in Los Angeles
Hi, I'm looking for banks/lenders who would do a $400,000 improvement/construction loan in the Los Angeles area. This is for adding another level on an existing duplex. I called First Republic and our loan amount is b...
Johann Jells
Do you think I have any legal exposure in this situation?
Uggh. I've got a crazy tenant. On the 28th when I was away she emails me saying the apartment is cold. We're having a historic cold snap btw. She immediately escalates to withholding rent. I tell her to call the local...
Lynette Stewart
Collecting on lien during bank forclosure
I have a judgement lien on a contractor that has been in the courts and cost me over $28,000 in attorney's fees.
He has declared bankruptcy and the house I have a lien on (his half ownership of the property) is going...
Account Closed
Should tenants' renters insurance pay for loss of 'quiet enjoyment'
This is the original post.
http://www.biggerpockets.com/forums/81/topics/129264-does-insurance-pay-for-legal-help
Right now I have a lawyer and so does my tenant. Her lawyer wanted me to try to get mon...
Peggy Ann Thrower
How does hard money lending work?
I am working on acquiring my first flip. I found a good deal if I can get it. Now I am working on the money. I thought the money was based on the property not you. How do you get a money lender to do business wit...
Dave Largent
What are first steps in pursuing a pre-foreclosure?
Dear Forum Reader,I learned about a home being foreclosed on soon. It will be listed by the bank late this month. My interest in the home at this time is for a potential wholesale deal. If I get a verbal from the o...
Jacke Draper
Solo 401k House Purchase using an LLC - IRS constraints
I have a solo 401k plan and want to use this and a non-recourse loan to invest in a rental property. The property I'm looking at needs a lot of work and so will not qualify for a loan. I can purchase the property with...
Andrew Stoll
Do judgments attach to a foreclosed home?
In researching titles, I have found many owners to have judgments against them. Being new to the game, I try not to risk acquiring a home that is owned by someone with a judgment against them, especially if I'm not...
Caleb Zuniga
Land contract potential issue
I've heard some chatter (here on BP and other places) about potential issues with land contracts and how they've been ruled as circumventing foreclosure. Can anyone cite and references for this?
Mogi P.
Help me choose a tenant
Hi everyone. I haven't posted in a while. I've been busy getting a rental in order. I now have a dilemma between two applicant tenants. I am leaning towards one but wanted some of your opinions. The SFH is a 3/2/2 lis...