JL Potts
Beginning Investor. Help with numbers
8 October 2022 | 5 replies
You start with 70% because you want to leave 30% in the deal for costs and profits.2.1 Allow 15% for costs associated with acquisition costs (legal fees, transfer fees, etc), holding costs (taxes, insurance, utilities, and mortgage), and disposition costs (realtors, staging, and legal).
Julio Gonzalez
Are You Still Depreciating Non-Existent Assets?
1 November 2022 | 0 replies
HVAC systemsGas Distribution SystemsPlumbing SystemBuilding Structure (including only windows, walls, doors, roof and concrete)ElevatorsSecurityEscalatorsElectrical systemWhen is a good time to utilize a real estate disposition study?
Robyn J.
Contacting 1st lienholder as we are 2nd lienholder about to foreclose
17 December 2014 | 33 replies
Tax issues need to be known.The easiest way, without redemption issues would be to accept a DIL, there are no deficiency amounts available in accepting the deed, and the tax matter will be based on the balance owing as having been paid in full.Lastly, I mentioned the equity vs cash funded aspects as to a deficiency judgment, BUT, seeking a deficiency is not a function of the foreclosure process unless stated in foreclosure law, usually a deficiency is sought in a separate proceeding post sale or disposition of the property.
Linda Willis
New to Notes
22 January 2015 | 31 replies
All of these obligations can be traded at discounts.What draws RE types to note investing, besides the gurus, is an assumption of knowledge of RE, that is simply an understanding of collateral and disposition of collateral to cure a default.
Kelley B.
Why no love for condos?
6 January 2015 | 24 replies
I'm licensed so I have better control of the acquisition and disposition of the units. 3.
Account Closed
Buy retirement home now?
4 January 2015 | 11 replies
Regardless of the decision, just make sure you have a solid disposition strategy for the asset(s) whenever that time comes.
Marcus Kennedy
Title issue on potential flip(foreclosure)...Help!
30 January 2015 | 35 replies
I explained everything although he was still not happy, his disposition did lighten up a little bit.
Mark S.
Placing Primary Residence in Living Revocable Trust
22 July 2015 | 5 replies
Any transfer of title for estate planning purposes, such as to a Trust, is an exception and is allowed without any due on sale issues.Your Will dictates the disposal of your assets, including real property.Probate is not really "avoided" as people think and say, probate approves the disposition of an estate by will and other grants of interests, it is pretty much a rubber stamp process, dying without a Will, intestate requires the estate to be probated where the court appoints an Administrator, this is what people want to avoid.
Ryan Dossey
Indianapolis, Dayton, or Louisville. Talk to me!
12 January 2015 | 2 replies
What I have read online and heard on the podcasts may be the leading cause to that disposition.
Alvin Grier
Is it Possible to Buy Redemption Period Leads?
19 January 2015 | 1 reply
Go to county steps or at least where they auction the foreclosures in your county on the day and time of disposition of foreclosures.