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24 December 2007 | 4 replies
Here are some of the things that I do for them:Prepare and update budgets and timelinesPrepare or review vendor contractsMake sure W-9s, insurance certificates and lien waivers are receivedAssist with preparation of due diligence itemsOrder surveys, appraisals, inspections etc. and make sure they are received on-time (or sooner)Review and prepare closing documents for signing (after received from the attorney)Coordinate closing with broker, real estate agent, title company, lender, etc.Full charge bookkeeping including A/R, A/P, FinancialsPrepare and submit draw requests to Lender's for payment of contractorsThere are a lot more things I can do for local clients, such as meet contractors to receive bids, check-in on remodel sites, etc.Usually the REI's locate the properties and do comps themselves.
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26 December 2007 | 4 replies
In Chicagoland, some cities require water certifications, so you would have to put that in your forms.Best to learn from local people actually investing in the area you are targeting!
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20 May 2008 | 18 replies
Personally for me I would want to find a local deca-millionaire veteran/seasoned investor that has a business plan that is very similar to mine and work for him (small maintenance items, cutting grass, collecting rents, placing bandit signs, researching deeds, etc) free of charge for a month or two as he explains to me why he does what he's doing and takes me with him when he's analyzing and negotiating deals.What I don't like is the fluff in the guru pitches that don't really tell you what to do and make everything sound like it's as easy as buying a certificate of deposit.
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28 February 2008 | 7 replies
The main roof is sound.The seller is refusing to fix anything beyond what is needed for a certificate of occupancy.
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22 September 2011 | 13 replies
I can't speak for FL, but I know in Mass you can't close without a current Title 5 (Mass's reg) certification.
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27 September 2011 | 3 replies
Hey guys my name is Pierre, and earlier this year I purchased three liens at an auction in a nearby county. All three liens are all over 5% in interest! The only problem is the more I did research the more I realized...
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3 October 2011 | 5 replies
With this new lead certification requirement, I would think you would need someone certified to start work on older homes.
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18 October 2011 | 0 replies
I've got two questions regarding redemption in MN. 1) A primary mortgage for $200k goes through sheriff's sale and the certificate sells for $60k to the bank that foreclosed.
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22 April 2020 | 16 replies
The project is rated high in green building certifications and I am also focused on the relational aspects of an "intentional neighborhood".There are many issues to consider for smaller houses.
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19 December 2011 | 8 replies
Thanks to both Steves for the replies.I acquired the property by foreclosing on a tax lien certificates.