I'm looking at a 1st lien non-performing note in which the original loan amount was $117,850. The original and current rate is 4% and loan term is 360 months. The current (and original) P&I is $474. By my calculat...
What liens survive a first mortgage foreclosure? Let’s say you buy the banks lien at the foreclosure auction and you win the bid and own the property. What liens get whipped out and what liens survive?
[b]How does a landlord protect themselves from tenant who does not pay water bill due to eviction/expiration when the water bill follows the house? We can only charge one and half times the rent for a security deposi...
Hello,We are in the middle of rehabbing an old 1900’s village home near Rochester NY. The house is a 1.75 story 1350sqft 2 bed 1 bath. We needed to knock down the 1941 kitchen addition after discovering they did not...
I'm starting to target pre foreclosures. This is the example I would like to be made more clear:I find a seller who has received a notice of taking, I make him an offer to sell to me and he agrees. How do I know how m...
Hello all!
I'm looking for someone to check/confirm my thinking on a 1st position HELOC. I am a newbie and bought my first BRRRR in Oct 2021! It's been such a fun process, but also a TON of learning. It's what it's ...
Hey Guys,
I reviewed the lease (created by our property management) for our tenants, and I feel like we, the landlords, are not protected enough on that lease. for example, I would want to add an addendum about "chang...
In my SF, the tenant is responsible for the (quarterly) water bill, and since they've moved in on November of 2011, I always have to tell them to pay the water bill. They're always delinquent and getting the late pena...
I am currently looking at a great property in my local community. It is about 500k and i need a little over 100k for the Down payment but I thought it would be better to raise 150k and have a little less on the mortga...