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21 January 2025 | 14 replies
My advice on sub to is as follows1- COMPLETELY understand the process, implications, liabilities, and possible outcomes before engaging or attempting to engage in a sub to transaction2- Complete disclosure going so far as making sure the other part understands the transaction and possible consequences3- Utilization of an attorney experienced in subject to transactions for setup in such a way that provides some protections in case of default or in case the note is called4- Have a backup plan in case the note is called5 - only use for property that has a TRUE positive cash flow unless the buyer has substantial reserves I myself have purchased 8 properties subject to, but 5 of those were commercial properties which often have notes where a subject to is allowable.
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2 February 2025 | 10 replies
Several were fully permitted and never developed because there were no buyers for the energy at the cost that was needed for the private companies to make a profit--and this was in a state with rolling blackouts during the summer.
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24 January 2025 | 4 replies
Pay a Title Company to complete a Title Report3.
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23 January 2025 | 56 replies
I took Private Money Broker in 2018 through his company.
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5 February 2025 | 205 replies
Need to watch out for utilities like water meter, electrical, gas, and sewer.
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28 January 2025 | 29 replies
You have to make sure that whatever company you choose will maximize your profits.
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25 January 2025 | 2 replies
A reputable title company will keep things on track.
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11 January 2025 | 2 replies
the insurance companies are not charities; they deserve to make reasonable profit for providing the insurance.
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23 January 2025 | 14 replies
Type of construction materials for the build(block/metal frame/wood frame), separate utilities, finishes, tech, cleaning crews, any tips and tricks would be HUGE!
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19 February 2025 | 29 replies
In my opinion, even if you partner with a local PM company or turnkey operator your returns will drop significantly.