All Forum Posts by: Adrian Tilley

@Account Closed As long as your properties are cashflowing and you have adequate reserves/insurance, the leverage amount doesn't matter much. The risks are that the property will be vacant for a couple months, that the tenants will do damage, and that the house will burn down. These risks can all be mitigated to a large extent with proper management/insurance/planning for expenses. There are risks though (as with any investment). As someone else stated, the best investment vehicle for you depends on your personality and risk tolerances.

@Grant P. I think the biggest factor would be how well known was this in the area? If this was a huge story and everyone for 10 miles knows and won't touch it, that could be a problem. If it's in a larger city, it might not be a big deal. As J Scott said, do the numbers work after discounting for the stigma?

That's a pretty spectacular flip. Nice job.

While the records are public, every agency/department, etc makes rules regarding how records are to be requested. You don't have the right to march into any public building you want and demand to see every piece of paper (see Edward Snowden). The records may well be organized such that they can only pull them efficiently with a case number.

@Account Closed That's not that surprising to me. I practice some family law, and many, many divorces are basically "no asset" divorces - owning real estate is even more rare. Divorces are frequently the result of a lack of money.

@JH Bridge If you're not paying him anything than you don't have much to lose. If you are, as others have suggested ask around privately.

@Anson Young and @Dave Martel Any reason for the affinity for those particular companies?

@Robert Stephens I would also ask if they are investors themselves. This can cut both ways - they will be more familiar with the process and what you're looking for, but may also siphon the best deals for themselves. Also, I would ask if they use CTMe contracts (popular electronic contracts program). This allows faster offers/responses and means you can do everything on the go.

@John Horner your reserve fund might be a bit low. Rule of thumb is usually 50% of gross for repairs, vacancy, management, etc.

@Grant P. I'll shoot you a message. Why was it non-warrantable? I expect once it's turned over you could refi into a traditional loan.