All Forum Posts by: Javier Rosales

Hi Friends, I recently got my first rental. now I have liabilty for it, but should i place it under an umbrella coverage? what do you guys think?

HI Bigger Pockets. I just got my first rental in April. I want to protect it as much as I can, is it best to place it under a Trusts and how do I go about it? Thank you in advance

Got it Thanks, hopefully the contractor will help with spotting of all that not just give me an estimate of rehab,

Hey BP Family, I'm walking a triplex in Bakersfield. what should I be looking for and ask on a walk through? I do have contractor walking with me. any feed back well be greatly appreciated. thank you 

It’s a Foreclosure Auction. So the first lien will still be existing after the buyer purchase it at the Auction? Isn’t the opening bid the the reminder of the loan or what is owed?

Hello BP, I will be attending an auction on Friday. the home has two liens

Lien 1. 506,400

Lien 2. 63,300

the second lien is being Foreclosed on. Now "IF" I happen to be the winning bidder. do i get stuck with the first lien, or do all mortgage liens get cleared at sale?

any feed Back is greatly appreciated 

@Kevin Hunter wow that's a lot of rent for some one not to turn down, I would of took it too. sorry to hear that. well on to the next

Who wouldn't like cash up front. but that kind of cash is with a motive. @kevin Hunter how much were the repairs and the price you sold it at

I found an agent who analyzes deals for future buyers, has a property management company and has contractors. and an agent. that's all a big plus. I still analyze the leads. but an agent with the investor traits is awsome  

some times if the HML loans based on the ARV and at 70%. it can cover the purchase price and the rehab. just be sure to factor in points fees and any other related cost.