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16 January 2014 | 17 replies
@Joe Delia will be helpful but remember that he not only is an investor but his full time job is being an agent and they need to make a living as well.The more self-sufficient you become in property research the easier it will be to find an 'investor friendly' agent.
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9 February 2014 | 75 replies
The answer to this question will vary wildly based on your state's law and the particular circumstances involved, as others much smarter than me have already opined.Practically, if the lender calls the loan based on a default of the DOS clause, and you quickly cause the property to be deeded back (either because you own the related entity or there is some contractual provision with your buyer, etc. that allows you to require a re-conveyance), I doubt the lender is going to go through the cost of a contested foreclosure whether or not it is a legally sufficient "cure" of the default.
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17 January 2014 | 6 replies
I have seen lots and lots of BPO's and I just do not believe them to be sufficiently accurate when large amounts of repairs (sometimes just moderate) need to be made to the property.
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16 January 2014 | 6 replies
Rehab increase the occupancy and potentially look at selling and just keep going until I will have sufficient funds to buy rehab and hold 3 multifamily complexes.
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26 May 2014 | 10 replies
So whether or not it is best seems to depend heavily on the purpose of the raise, whether or not one has sufficient capital from their Regulation D placements for their projects, and one's tolerance for legal risk.
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10 August 2013 | 8 replies
The promise to buy and the promise to sell should be sufficient consideration.
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11 November 2013 | 41 replies
You'll need earnest money in the real world, you need title opinions, you need to pay fees and for assistance, attorneys don't work for nothing.Income, do you have a job that gives you a disposable income sufficient topay those small costs of getting a deal through?
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7 June 2013 | 14 replies
First you need some basic business consultation and you can get free advice from SCORE, google that and follow from there, probably have advisors near you.An LLC is sufficient to do anything any RE, the type of business structure has very little to do with the nature of business conducted, as a small business your considerations should be based on tax matters, ease of adminitration, flexibility to conduct business, ability to obtain financing and insurance and lastly liability matters.
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28 September 2013 | 13 replies
Since the HML lent you funds for both purchase and rehab (many will go to 100% of P+R as long as the ARV is sufficient to keep the LTV below 65%), you are not looking for additional cash from the conventional take-out lender, just a refinance of the total HML loan.
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17 June 2013 | 9 replies
Lastly, since I live on a state line, would I have to get licenses for both KS and MO in order to serve the highest quantity of clients?