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16 October 2018 | 14 replies
Since you're well aware of the potential issue (and have confirmed your knowledge here), you can be implicated for any role in non-disclosure of potential issues in this transaction.
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16 October 2018 | 7 replies
If you'd like to go over this point-by-point as a buy-and-hold repair scenario for the experience, send me a PM with the address so I can check out the listing in Zillow and we'll do it as an exercise.
15 October 2018 | 0 replies
Tenant-buyer must exercise their option by day 180.2.
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31 October 2018 | 13 replies
@Jerel Ehlert thanks for the insight that pretty much nails this down then and I have a full understanding thanks for the heads up it is actually a relief in knowing that I can just go on a month to month even though they marked those out and still exercise terminating the lease with the tenant upon notice.
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19 October 2018 | 18 replies
Relax, you're fine.As with a trust, lenders do not exercise the "due on transfer/sale" clause when real property is transferred to the same individuals in an official capacity (e.g.
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3 November 2018 | 35 replies
@Jay Hinrichs In WI you dont need a license to buy, but you need a license to sell more than 3 in 5 years or 5 in 10 years. also the wording that could make wholesaling Brokering is "for a fee or something of value, and for another" now if a nonlicensed person wrote an offer as *** Buyer and or Assigns, they may sell the contract, however Intent plays a HUGE role.
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18 October 2018 | 66 replies
For example, if you split the difference as has been suggested, have the lease where they pay $2800 the first year and $2600 if they exercise the option.
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18 October 2018 | 8 replies
The person moves their family into the home and hopes to exercise the option in 1 year. 2 months into it, the lender finds out and calls the loan due.
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24 October 2018 | 5 replies
Alternatively, instead of finding people for specific roles, you may look for a partner that will be able to offer what you're looking for in exchange for you to find and manage a deal.
18 October 2018 | 7 replies
It seems that a lease purchase with stipulations to make the buyer responsible for repairs would be more advantageous than renting because the property owner wouldn’t be responsible for any repairs, they get a bigger up front payment from the sale of the option (which will help with vacancies) and if the buyer exercises the option at the end that’s a win too.