James Hutson
Finding Master Yoda (and avoiding the fakes)
26 December 2015 | 0 replies
Burn the bridges, accelerator to the floor, brakes permanently cut.
Jonathan Lipson
I drove for dollars, now what?
17 September 2015 | 12 replies
First, take 30 to 60 days and study how and why direct mail always yields the best results in creating a permanent acquisition pipeline.We are buying properties this week from a mailer I sent out in 2007.
Paul Padilla
What was your first step in real estate?
23 September 2015 | 18 replies
SELLER CONCESSIONSSeller concessions include, but are not limited to, the following:Payment of the buyer’s VA funding feePrepayment of the buyer’s property taxes and insuranceGifts such as a television set or microwave ovenPayment of extra points to provide permanent interest rate buydownsProvision of escrowed funds to provide temporary interest rate buydowns,Payoff of credit balances or judgments on behalf of the buyerSeller concessions do not include payment of the buyer’s closing costs or payment of points as appropriate to the market.Any seller concession or combination of concessions which exceeds 4% of the established reasonable value of the property is considered excessive, and unacceptable for VA guaranteed loans.
Joe Sno
How do you short plat with a mortgage?
14 September 2015 | 0 replies
I suppose my debt to income ratio will have to be good enough for both the rental and the house being built (even though I'd be renting it out as soon as my construction loan went to permanent)?
Nick Mercer
Homeless Encampment Across the Street
15 September 2015 | 2 replies
I'm sure they need some type of permit and permits typically require notifying neighbors so they have a chance to voice opposition to any zoning use change be it permanent or temporary.There must be some more appropriate place in your city that would better serve the needs of the homeless than a vacant lot full of tents.
Alex Guerra
Financing a Cabin/Vacation rental
17 September 2015 | 5 replies
It is suitable to live in permanently it's just that the advertisement calls it a cabin and I don't know what differentiates the two.
Dan McCluskey
Salvaging A Disaster
15 September 2015 | 0 replies
Now we're in a breach of contract, with only $3,500 deposit at stake on a $333,500 package.Gave an extension of 2 weeks to hammer out some type of deal agreeable to all parties involved.Cut 2 properties from the package ($160,000), Buyers came back with half-down and Seller agreed to finance the other half for 1 year with guaranteed monthly income.The Buyers will have enough time to finish repairs, get all units occupied, obtain permanent financing, and everyone comes out a winner.Hard to make up 7 months of your life.
Samantha VanNorman
Which leads are the best to call on?
28 September 2015 | 10 replies
I'm not a big fan of tattoos however newer investors and wholesales should copy @Dev Horn's post above and have it permanently inked somewhere in there body that they see a lot of, whether belly, butt or forearm.Great message, Dev.
Justin Cook
New member from DC, looking to expand regions
19 September 2015 | 8 replies
It's really more relevant to the discussion if we decide to move out of state permanently, then we'll be renting it and actually at the 5 rental unit mark which would hit us with rent control rules.
Luke M.
48 unit seller willing to carry back 18%
21 September 2015 | 6 replies
New development once finished if you are all in at a 9 cap you can then either sell for a 6 cap or just hold the high cash flow with permanent debt and wait for the next cycle to sell.