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6 June 2019 | 11 replies
I would hope that this is all stipulated in your lease with them.
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5 June 2019 | 4 replies
Joint venture offer - which is what you described above but instead of having an appraisal as the basis of the price, give the seller 50% of the profits on top of the cash offer.For example, say the house is worth $300K with repairs of $50K.Use the 70% rule for quick math.1) Cash offer - $160K2) JV offer - assume profit is 20% or about $60K, offer then is $190KThe way I would structure the JV is:the seller deeds you 50% interest in the property (so you become TIC - tenants in common) so you are more in control and you should rehab and put money in a property only if you own it or own a part of itThere is a separate JV agreement that stipulates you will rehab, market and sell the property and give the seller 50% of the profit on top of $160K quick sale priceHope this helps.
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17 June 2019 | 11 replies
I believe they offer $10k and the only major stipulation is you have to live in the residence for ~5 years (otherwise you must pay a pro-rated amount back).
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7 June 2019 | 2 replies
Many such loans have stipulations stating that you cannot occupy the property.
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7 June 2019 | 0 replies
The only stipulation I have is that you must also invest in real estate yourself and must be willing to work in a team well.
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7 June 2019 | 3 replies
You should be able to make a lease renewal stipulation of more security (this goes for question No 2 as well) but I would rather keep a tenant longer than lose them over $300 more in security.
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9 June 2019 | 6 replies
You can always cancel the process if the tenant gets paid up and reimburses you for the accrued legal costs if your lease stipulates that (if not, update it for next time).Moving forward, you might consider collecting first month, last month, and security deposit prior to move in to avoid the all-too-common problem you're experiencing.
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8 June 2019 | 4 replies
I am confused by the use of the word "earlier" in the stipulation that states the "inspection cannot be scheduled earlier than two weeks before the end of the tenancy or lease term."
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14 June 2019 | 63 replies
Stipulate that if renter gets new pet, landlord must be notified3) Set a 10-15 pound limit, and case-by-case basis4) I actually like cats - they keep the mice away!
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13 June 2019 | 4 replies
That the Owner's title Insurance policy will be subject only to the contingencies and conditions contained in the Commitment and the Conditions and Stipulations that will appear in the Owner's Policy.5.