All Forum Posts by: Anthony Sulecki

There are special requirements in delaware also. That doesnt make it illegal.

As a matter of fact, the requirements in delaware are so ridiculous, and the taxes so high, that I stopped doing them..

recording a deed is not illegal. that what a classic "sub2" is. you are taking the house, by a transfer of deed.

there is no reason to even contact anyone about this. there are simply no laws written anywhere, that say you cannot do this.

People like to think that "sub2" is a concept in itself. Its not. Its often taught as such, but its nothing more than you recording the deed. What you plan to do on the backend is what matters. You can LO, wholesale it, retail it, seller finance, whatever fits.

Does Zach Morris know you stole his celly?

Aren't they selling unlocked iphones now? No contract? Im great at hearing things, and not being able to recall where, but you should look into it. Im 87.3% sure of it.

mobiles are a pain in the rear in this area also. you cant lease them in most places, the park approval boards are very strict, the list goes on.

zillow can be used, but not for actual property value. its really not even a base anymore, like many investors were using it for a 2-3 years ago. as of april 2009, i would not use it for comparables at all, period. maybe the broadest of the broad approach.

Yep, a full 3%. This is because in a "normal" real estate transaction, the buyer pays 1.5% to the county, and the seller, 1.5% to the state. In a sub2 situation, there is no way you are going to get the seller to give you 1.5% on a home they are giving away to you. Therefore, you have to pay both state and county taxes, @ 1.5% each.

We don't have sales tax, and I imagine that would be part of the excuse, if 3% were ever questioned.

The due on sale clause is an option they give themselves. They can choose to enforce it, or not. It's not like they hold a meeting to decide if they should call the loan due, every time they find out the deed has changed hands. Far from that, actually. Loans are rarely called due in full on deed changes, if the insurance and mortgage payments are kept up to date, at this point in time. If you do it right, it doesn't necessarily have to cashflow, either. That's just a perk, and more cash in your pocket every month.

You're looking good on transfer taxes in Cali, also. You only have small local taxes. If I were to file a deed on a 125K home in Delaware, I would need to bring $3750.00 to the courthouse with me, out of my pocket.

FYI - Get added to the sellers fire insurance, if you decide on a sandwich lease. If your tenant burns the house down, guess who they're going to blame.... (ive said this before, but its important)

Hosting is easy. You could just go with one of the big boys like ipower, and its like 6-9 dollars a month. You get a free domain, unlimited space, and they have a site builder.

FYI - Dreamweaver CS4 has builtin templates that are excellent.

Yea, dealers would be saying, "I can't compete with wal-mart bro. This is bulls***. They're forcing the mom and pop dealers out."

:D