Edna Salinas
sources of DSCR lending
New to DSCR loan. Does local credit unions do DSCR lending, or one must get it through broker or a loan officer? I am in Phoenix area, any suggestion of good source for that? Thanks.
Samir S.
Drawbacks of making a large down payment?
We are hoping to buy our first buy-and-hold property by the end of this summer. We feel like we've been analyzing properties ad infinitum and just need to take action!
We live in the East Bay Area (Livermore) and wo...
Wes Burk
Why should a seller short sale?
Facts as per CAR attorneys:
1. FICO impacts are the same on SS and foreclosures
2. Banks will seldom if ever relinquish their right to recover on deficiencies
3. There will likely be tax consequences with SS and th...
Shawn Davenport
Duplex Deal Analysis & Potential First Deal
Hello Everyone,
I am interested in submitting an offer to a seller I spoke to about a week back regarding a property he has for sale. I consider this to be a marginable deal at best, but given the right accepted off...
William Edmondson
Inherited problem tenant with first investment property, what should I do?
Hey there, a little background: I purchased my first investment property at the end of December, which is an owner(me)-occupied triplex located in DeKalb county in Georgia, USA.
Everything is going well, I've...
Account Closed
Creative ideas for working with tenants who can’t pay rent?
Aloha from Hawai’i Island! We manage over 100 privately owned work force housing units here in Big Island of Hawaii. At this time quite a few our tenants are on some kind of unemployment due to the shut downs and lack...
Varinder Kumar
Notes Servicing (Sierra Crest Capital)
A friend of mine has purchased a 1st lien position performing note from https://sierracrestcapital.com. Has anyone heard of this company? and also what is their incentive to service notes. Basically my friend said Si...
Sean Dougherty
Buying pre-selected notes to local properties in foreclosure
I am an investor in distressed homes, mainly pre-foreclosures. Long story short...it has become quite a headache dealing with both the home owners through the entire short sale process and then the rehab of the homes....
Hamdaweh Sulemana
No Seasoning Cash out Refinancw
Hello All,I purchased a foreclosed home cash for $150,000 about 6 months ago, spent $25,000 on fixes and have it rented out in an A community @ $1000 a month in Arizona. I want to get some of that cash/equity to use a...
Heather Rodden
Tenant had lapse in liability insurance
I have a tenant that did not pay for her insurance and cannot until late next week. She is on a month to month lease. I live in Illinois. Just checking what your process would be. I believe I give her a 10 day notice,...