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22 November 2024 | 14 replies
I am so happy to pass my knowledge to those who want to be successful in life.
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21 November 2024 | 4 replies
The hurdle I believe is lack of Real Estate knowledge Any advice on a real estate education source?
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21 November 2024 | 20 replies
Personally I would invest in something relatively close to you, that you understand and have knowledge of.
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24 November 2024 | 10 replies
When you underwrote the deal, you assigned some dollar amount for repairs and capex.
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20 November 2024 | 2 replies
Defaults and Remedies A default exists under this note if (1) Borrower defaults in the payment of this note or in the performance of any obligation in any instrument securing or collateral to this note; (2) (a) Borrower or (b) any other person liable on any part of this note (an "Other Obligated Party") fails to timely pay or perform any obligation or covenant in any written agreement between Lender and Borrower or any Other Obligated Party other than as described in (1) above; (3) any representation in this note or in any other written agreement between Lender and Borrower or any Other Obligated Party is materially false when made; (4) a receiver is appointed for Borrower or an Other Obligated Party or any property on which a lien or security interest is created as security (the "Collateral Security") for any part of this note; (5) any Collateral Security is assigned for the benefit of creditors; (6) a bankruptcy or insolvency proceeding is commenced by Borrower, a partnership of which Borrower is a general partner, or an Other Obligated Party; (7) (a) a bankruptcy or insolvency proceeding is commenced against Borrower, a partnership of which Borrower is a general partner, or an Other Obligated Party and (b) the proceeding continues without dismissal for sixty days, the party against whom the proceeding is commenced admits the material allegations of the petition against it, or an order for relief is entered; (8) Borrower, a partnership of which Borrower is a general partner, or an Other Obligated Party is terminated, begins to wind up its affairs, or is authorized to terminate or wind up its affairs by its governing body or persons, or any event occurs or condition exists that permits the termination or winding up of the affairs of Borrower, a partnership of which Borrower is a general partner, or an Other Obligated Party; or (9) any Collateral Security is impaired by loss, theft, damage, levy and execution, issuance of an official writ or order of seizure, or destruction, unless it is promptly replaced with collateral security of like kind and quality or restored to its former condition.
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11 November 2024 | 1 reply
An assignment is part of the wholesaling strategy.You get a property under contract below market value, let's say property ARV= 400K.You get it under contract for $150KKYou ASSIGN that contract to a cash buyer for $250K.Your assignment fee would be (roughly) $100KThe assignment is part of the wholesaling strategy.1.
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15 November 2024 | 8 replies
I have bought off market deals direct from owners, from wholesalers as both a dual closing and contract assignment, and of course listed deals.From the surface, this sounds a tiny bit shady, but not over the top.
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23 November 2024 | 20 replies
@Summer Rae you could also have a lock box on site with only your knowledge of location.
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23 November 2024 | 15 replies
It says you do not have to accept online certificates.We require documentation from a current healthcare provider that has knowledge of the disability.
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21 November 2024 | 4 replies
Thank you in advance for sharing your knowledge and helping bring a new perspective on land development to life!