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21 December 2015 | 15 replies
Here is item 3 mentioned above1.Delivery of Property Information Items: Within 7 days after the effective date, Seller will deliver to the Buyer:a)copies of all current tenant applications and leases pertaining to the Property certified to be true and correct, including any modifications, supplements, or amendments to the leases (applications, leases, modifications, supplements and/or amendments to be made available to Buyer during regular business hours at the Property);b)current rent roll (showing lease rent, delinquencies, lease expiration and security deposits paid), certified by Seller to be true and correct;c)most recent 3 months bank deposits;d)a copy of Seller's income and expense statement for the Property for the last 36 months immediately preceding the effective date;e)copies of the Evidence of Insurance for all policies since the last renewal, including invoices, current policy, and copies of the last three years loss run from the insurance carriers for fire, hazard, liability and any other insurance policy that relates to the property;f)copies of all previous surveys, environmental assessments, geotechnical reports, studies, architectural, engineering feasibility studies, “as builts”, plats, or analyses made on or relating to the Property, including maps, plans and drawings;g)real and personal property tax statements and any appraisal notices for the Property for the previous 2 calendar years;h)copies of current capacity letters, and current utility bills from the property's water, sewer, gas electric, trash, phone and cable service providers for the past two years, or permission to access these accounts;i)copy of existing Property Management Agreement; a)payroll detail – 2012W-2s, YTD monthly, and most recent Y-T-D paystubs;b)a current inventory of all personal property to be conveyed under this contract and copies of any leases for such personal property;c)copies of all notes and deeds of trust against the Property that Buyer will assume or that Seller will not pay in full on or before closing;d)copies of all current service, and maintenance, agreements relating to the ownership and operation of the Property; including but not limited to: Laundry Lease, Cable/Satellite, Electric, Phones, Leasing, Commission, Advertising or other;e)copies of all current warranties and guaranties relating to all or part of the Property;f)current and past capital expenditures for the past three years;g)copies of all work orders for repairs incurred by Seller for the Property in the 24 months immediately preceding the Adjusted Effective Date; (work orders to be made available to Buyer during regular business hours at the Property)
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21 December 2015 | 16 replies
As long as they're in the same price range.Also what about taking pictures of the previous completed projects to convey a point.
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27 December 2015 | 31 replies
From what I understand, normally the first may offer the second lien holder a couple thousand dollars in order to convey a clear title.
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30 December 2015 | 6 replies
From a Virginia perspective, your questions are mostly addressed by the underlying conveyance paperwork.
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3 January 2016 | 6 replies
It's how deeds are conveyed.
1 January 2016 | 15 replies
Unfortunately, these are qualities that are hard to convey via the internet.You have shown some good signs on this thread by taking in the "constructive feedback", though the best bet would be for you to meet with some local investors in person, as has been mentioned.Show them that you are hungry for knowledge (not just $$) and that you are not afraid of hard work and they will open doors for you.Good Luck!
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5 January 2016 | 17 replies
IMO, being held to a higher standard is an easily conveyable differentiator when explaining to a distressed seller why they should work with me vs. the 5 other investors trying to buy their house.
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12 January 2016 | 7 replies
Look at the most recent conveyance of the property.
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10 January 2016 | 21 replies
Proceeds to you as the seller would go toward satisfying any outstanding loans and other liens allowing you to convey free and clear title.
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10 January 2016 | 3 replies
The seller is responsible for clearing the loan before the property can be conveyed to the buyer.