1 August 2024 | 125 replies
Eventually with any degree of volume, someone WILL claim you discriminated for a completely unrelated reason.
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31 July 2024 | 53 replies
My approach is probably fairly unique in that if the homeowner wants to keep the house and would traditionally not be able to, I point them in the direction of their equitable remedies and have had success helping folks keep their house and work out a sweet deal with the finance company to boot; I've retained a minority equity stake in the properties as a result.In the case where it's a non-owner occupied property and the investor no longer wants the headache, I negotiate either an acquisition in trust of the LLC/Corporation that is holding the deed, or have the deed quit claimed to me individually.
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30 July 2024 | 24 replies
I also switched title to a trust with a quit claim deed and the cost to record is only 39.00 here in Illinois.
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28 July 2024 | 3 replies
Your best course of action if they do not straighten up and fly right is to advise them that you will be taking them to small claims court if the job is not satisfactorily finished by X date.
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27 July 2024 | 4 replies
Approximately 300K value based on current market conditions.My interests were acquired in 3 steps:(1) Initial quit claim of 1/3rd interest (single owner to 3 joint tenants with rights of survivorship on title).
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30 July 2024 | 23 replies
In fact, even if the training course is related to property management, claiming that you needed to spend $30k on education while collecting merely $15k in rent per year is a flimsy position. 4.
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29 July 2024 | 21 replies
I have talked about this ad nauseum over the last 13 years and only one guy has been able to claim it paid for itself and added value.
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27 July 2024 | 2 replies
In other words, these sources claim that you can't buy a property solely for investment purposes (like renting it out) without living in it yourself.Is anyone familiar with this law or regulation?
26 July 2024 | 12 replies
So your tenant doesn't claim you've violating his "right to privacy".
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29 July 2024 | 16 replies
They show on your tax returns, and bank statements.There are many underwriting tools to expose private money ones that claim they don't report to the bureaus- they also sell and securitize the loans so what they told you on the phone is of no value, they get reported.All NonQM standard DSCR loans show on your credit report.DSCR gone bad shows online, in court records and in the curbside view (property appears distressed and attracts code violations/fire inspections and investigations...