All Forum Posts by: Account Closed

@J Scott

There are some really great tips in this list.  I especially like the 48 hour time line for the appraisal being ordered post inspection contingency and the written permission to contact the mortgage broker.

Thanks.

@David Krulac

Haha.  At this point, me too.  Of course you don't know what your don't know.

Dave, what don't you do;)

@Sib Bahjat

I would be inclined to ask your CPA, what tax advantage he is referring to.  Should have zero impact on your taxes.  Furthermore you would be hard pressed to find any attorney suggesting you hold a rental property in your own name.   

@J Scott

You wrote:

and then 3-5 weeks to get to the closing table

Are you saying from the time the contract is accepted to the day you close is that short?

My last 2 deals took 4 months to close and the one prior was 3 months. 

@Will Barnard

$850,000 rehab.  Wow.  I wonder what kind of money is made in such a deal.

Out of 38 flips, I lost money on 0, made nothing on 3 deals, and have made 90k on a 13k investment.

Average hold time has been 6 month, but that was mostly because I worked full time until 9 month ago.

My hourly rate as an investor is something like $250/hour.

Garrett Sutton is the author.

@Daniel Raposo

According to the author, even though you are registered to do business in say Pa, a judgment creditor would have to take you to court in Nevada.  He talks to great length on this topic.  This guy was one of the coautohrs to the Rich Dad Poor dad series. 

@Damion Byros

Every deed I have ever seen had the price paid, and I have looked at about 200 across the following types -  Sheriff deeds, marshal deeds, quit claim deeds, warranty deeds, special warranty deeds.