All Forum Posts by: Account Closed

If the contract is for 170 and the loan is for 200 then technically the seller never gets the 30K. The 30k is in the loan and therefore a loan - no income taxes are due - but you'd better ask a cpa to be certain...;>)

I hear ya. One time at our investor group we had a guy from the "we buy ugly houses" outfit state that they were encouraged to knock down competitors signs and replace them with their own. He was lucky to escape intact...!

I don't mind them being taken by the authorities -I expect that - another reason to put them up on Friday evening.

But I strongly object to the strategy of removing someone else's signs and reusing them - I think that is dishonest! That's not being a bandit - the use of the term bandit refers to it being against the ordinances to put up non-permitted signs. Just because they shouldn't be there doesn't give you the right to steal them.

But call me old fashioned - I guess that's the Realtor ethics coming through.

only way to tell is to shop around. Just remember that when you shop compare what services you are getting for the fee. Otherwise you won't be comparing apples w/ apples.

Taking someone elses sign has to be one of the lowest things you can do. How would you like it if someone did that to you?

Here is what I look at - it's the only way that makes sense.

Does the property provide a positive cash flow or a negative cash flow. If positive I'll make an offer. If negative I'll pass.

ANY price appreciation is gravy. Look at it that way and you'll rarely get into trouble.

The reason the market is so "bad" right now is that everyone focuses on appreciation.

That's like driving a car by looking out the back window.

could be a marketing issue. How many buyers have looked at the property since it's been on the market? Also, what are the DOM for the properties that did sell? That should tell you how long it should take to sell your property.

You know you are probably right about that...

right-on...

That is changing the discussion and in my opinion not considered a subject to transaction. You have not formally agreed to pay the note. You may indeed pay it but there is no formal agreement from what you are saying. I'm not saying it isn't done, I'm just saying don't call it a subject to transaction.

If a seller just gives you a deed then what is the obligation on your part? there is none.

Of course if you just get a quit claim deed then you really dont' have much anyway. At least with a warranty deed and a formal contract for deed or land contract you can get title insurance with it and a formal transfer.

There is no reason for a lender to call the note due, especially if it's being paid as agreed. They don't want the property either.