All Forum Posts by: Corey Scruggs

@Syed H. How do you need to put back for cap ex?

@Mark Fries if you are going to self insure you should think about re insurance. If you go that route you still get to defer tax on the premium you charge your properties. If you have a claim it would come back as income at that point. Hit me up and I can walk you through it .

@Will Barnard I would make the argument that equitable interest gives the contract holder a right to equity. If I have equity in a property I would imagine I have the right to market that equity. What if I had a contract for deed to buy the property for $100,000.00 . Paying $1 dollar a month for 60 days with the balance due at day 61 . With a possesion agreement upon completion of contract. Could I then market that property for sale?

Set them up on Pay Day payments . You find out if they have intentions to pay quicker. You get to start having past due conversations before they are past due a full month . Your conversation of them being $2200 past due would have been recongnized sooner and the amount smaller. 

@Stanley Bronstein interesting . What is the AZ statute? Wholesaling seems extremely prominent there . Have a good one .

@Stanley Bronstein having equitable interest in the property is significant as it allows for interests that have not been conveyed by a deed to still be binding on future purchasers. A persons who owns the property or has equitable interest in the property are one in the same at the point they enter into an agreement to purchase .

@Stanley Bronstein after you have an agreement in writing and have deposited earnest money . Would that not be considered equitable interest ? Which would allow you to market it yourself?

@Tanner Marsey couldn't a retail buyer do the same thing to a Seller. Not perform on the contract etc.?