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1 February 2025 | 14 replies
Quote from @Jessie Dillon: one thing that you can do is have the seller transfer the deed to a living trust that they're the sole beneficiary of, and call the bank to give them a heads up that they're doing it for estate planning purposes. then, a month or more later, buy the property sub-to, and change the beneficiary of the trust. the bank can not see who owns a trust, and if they ever come back and question it, you can just swap the beneficiaries again, show the bank that the seller is still the owner, then swap it back again when they buzz off. this is one of many reasons it's so important to keep a good relationships with the seller if you're buying this way. you have to work together on some stuff.In summary: fraud.
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20 January 2025 | 3 replies
Your license is part of the public record, so sooner or later, your employer will find out if you're licensed.
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14 January 2025 | 3 replies
Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.
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1 February 2025 | 16 replies
@Aristotle KumpisWe do 10+ Flips/BRRRRs annually and fund with Hard Money and Private Money.Hard Money will fund 90% of the purchase price and 100% of the rehab on a draw schedule.Our Private investors will fund the remaining 10% of the purchase price, the first portion of the rehab (to be drawn later from the HML), and the holding costs.Of course, with private lenders, you must give up equity or a return on the debt.
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29 January 2025 | 10 replies
Definitely recommend checking out local REI meetups in Boston now and Chicago later—tons of value in connecting with local investors.
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13 January 2025 | 3 replies
My first deal would be all cash, and if all goes well, maybe a year or two later another deal with some financing.
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26 January 2025 | 14 replies
I know it seems like this older lady has an intent to intimidate me, but hopefully she is just behaving this way because her mind is slipping later in life.
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23 January 2025 | 9 replies
Now, three years later, my tenant reported cracks in every room—paint cracking and full-line cracks in the bathroom, living room, and bedroom (walls, ceiling).A drywall contractor looked at it and said it’s normal wear and tear, but I’m concerned since it’s in every room.
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4 February 2025 | 7 replies
Here's an update: I ended up re-charging her a few days later with late fees and it went through.
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28 January 2025 | 14 replies
We agreed on a discounted amount and Blue Metrix stated in mid September that they were shooting for the second week of October to cash us out but even if they had to do it out of cash that it would be no later than the last day of October.