10 January 2015 | 16 replies
What you're looking for is a lender with more liberal interpretations of contingent liabilities from assumptions, bankruptcy of one borrower, divorce, death and suits.
23 May 2014 | 14 replies
Has he been through any bankruptcies or foreclosures both personally or professionally?
14 December 2017 | 12 replies
Sometimes the lender will delay the sale by another 30 days if there is a contract pending, or longer, if the Seller has filed bankruptcy.
15 August 2019 | 18 replies
Big concerns are bankruptcies/repossessions/evictions and crimes against people/property.
20 July 2024 | 59 replies
Here's how:1 - New roof cost about $5k.2 - If you pay for it while you own it, it's a cost to you since it comes out of your pocket in the form of cash, that you have to recover before you make a profit.3 - If you bury it in the original financing when you buy, (Terms - 4.5%, 30y am), it will add $25/m or $300/y.4 - If you sell the property in 5 years, your cost (in lost CF), is only $1500.5 - Now, when you list the property for sale, and declare a new roof only 5 years old, do you think you can get at least a $1500 increase in your sale price?...
18 August 2022 | 5 replies
Thank god we had the funds in escrow and refused to send them anywhere until litigation ended, or I think the tenants would have been out the money, long spent by the owner.Some other issues to consider that could and have happened to owners, is that the property could be damaged by a hurricane, flood etc… and they have spent all of the money, which essentially needed to be refunded to the tenant.The tenant could file bankruptcy, and the owner could be dragged into this because of the upfront rent the tenant paid.What if the owners get divorced, what happens to the money that was already paid?
23 February 2014 | 35 replies
Then I narrow that down and start to online at pictures and then liens/bankruptcy/EPA issues of my narrowed list.
4 May 2020 | 8 replies
In most of these instances the county would work with the borrower to put them on a payment plan, and if not the borrower would typically file bankruptcy to protect their interest in the property.You would also have to check state laws as in some states approaching borrowers who are delinquent on mortgages (and property taxes) can be considered predatory.In real estate the name of the game is control and in this instance it does not appear that you have any control unless I am misinterpreting this.
9 February 2023 | 6 replies
Do not forget to check for their online presence, reviews, and public data on disputes, complaints, lawsuits, or bankruptcies. 2.
10 March 2023 | 56 replies
In Brandon Turner's book, I read a part that says Brandon knows a couple who were successful initially, scaled, and the next thing he knows, they're filing for bankruptcy.