All Forum Posts by: Matthew T.

Fix the android app.  It is very cumbersome to add forum posts from it.

@Kevin Ellerton ok well I buy a lot of foreclosure auctions in MA and CT so I will speak from that point of view but you should check and understand the rules in your area.

1. If the 150k mortgage is the one foreclosing and lets it go for 70k at auction then the rest of the lein is wiped out

2. Yes it is possible that their are other leins on the property. You need to figure out what position the lein that is holding the auction is in. If it is in first position and not a tax lein then all other subsequent leins are wiped out except municipal leins.

3. I am not sure the rules and laws in your area for foreclosure auctions but in my states we do not have access and there can be squatters and tenants. And if you win the auction they are your responsibility to handle. It is an as is sale.

4. Over estimate your repairs. If you can't get in to do a full walk through you need to anticipate unforeseen repairs.

5. I am not familiar with your the auctions in your area but mine are not " on the market " and you can get good deals. Not always but some times.

Hope this helps

5.

@Lamar Nelson we have hundreds of units in Massachusetts, and except for our single family rentals we restrict basement access to them all. We have gone in front of judges in housing court many times and when ever it was brought up that the tenant did not have access to the basement they argued about how would the tenant get to the breaker if tripped. We have setup a 24 hour calling service and then we always respond within 24 hours usually much faster. This has always gone over well and never have we been forced to give a tenant access. We also argue about how there are many things in the basements that if tampered with could cause a safety issue for them and their neighbors such as the heating and hot water systems.

If you have any more questions feel free to PM me.

@Peniel Edorh I have many section 8 tenants. How can I help you?

@Jason Ma please let me know how it goes.

Yes they are.  We got one.

@Mark F.
Yeah I saw this.  It is nice to finally see someone in the media talking about the other side of the coin.

I have gotten Lines of Credit on my investment properties. Typically I am seeing 65-75% LTV

 Hi Mindy.  I have applied twice before and yesterday was number three.  So third time's the charm 😜

Thanks