All Forum Posts by: Kelly DeWinter

Exit from a hard money loan

. pay off the loan with cash
. offer family friends investment at conv rates (its better then savings)
. refinance with a conv lender.

1. Who to add on the Exclusive Right to Sell Listing Agreement, my peer who has equitable interest or the owner?
    . The owner of record is the owner of the property
    . The wholesaler, typically has a contract to purchase the property with the right market and to assign the contract to another Buyer

2. Will conventional buyers have financing/underwriting issues with the seller not being the current owner?

    . most will not as long as the 'assigns' clause is properly executed
    . some lenders/title companies may require a limited power of attny executed by owner and wholesaler .

3. With conventional financing I am thinking the only way to close is by the double closing process, instead of an assignment agreement between my peer and the end buyer.
    .  a double closing is not needed  per question 2

HOWEVER AND THIS IS A BIG ONE THAT GETS WHOLESALERS PROBLEMS WITH LENDERS

If you attempt a double close without substantial improvements between the first close and the second close especially if the dollar amount between the two is substantial, it may  not appraise and could be seen as predatory.

Again check with your broker.

Send him a copy of his lease or just sign it. If you have doubts call his attny or have yours call his.

. electric cord to neighbors property
. shut off main breaker
. chain my grandmother to a treadmill and a generator

but seriously

. solar panels
. energy efficient appliances
. energy proofing (windows,doors,insulation,etc)

. Start by consulting the local zoning office to see whats possible. They will have the best starting knowledge for local zoning codes

. talk to the other apartment managers about occupancy rates and turnover

It depends;

. a good title company can sometimes have the liens removed if it's documented they have been paid
. some states a lien has a specific time period
. the seller may pay liens from proceeds
. the buyer may pay liens (id get a corresponding reduction in price)

I would start with your title company and ask what your options are

Sorry Guys, there is so much bad advice in this thread it's unbelievable.

https://www.ada.gov/service_animals_2010.htm

Anyone who is a property manager or AirBndB landlord NEEDS to read it and revise their policy.

The ADA is Federal Law that covers discrimination towards people with Disabilities.Many landlords and property managers have lost big lawsuits because they have not updated their contracts with the CORRECT verbage AND failed to understand what you can and cannot ask regarding discrimination.

immediately contact a real estate attny

???????????????

Welcome to the world of 3rd party contract fulfillment. When you sign up as a 3rd party service provider for Airbnb,Lyft,Uber etc. Basically you are trading their marketing and order fulfillment expertise for control of your property. 

There is an exception to the Airbnb Service animal policy, "Hosts are required to accept all assistance animals unless they pose a real threat or there are safety and health issues."

Sounds like your allergy to Dog,cat,bird,parrot,snake,squirrel,goat and abominable snowmen is a health issue to renting to Service Animals