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17 May 2012 | 5 replies
I think today if the parties are unrealated you might have a problem unless it's a non-owner occupied purchase.As J. mentioned it's highly unlikely IMO that they will change buyer after submitted, that would indicate to me that the buyer doesn't have their ducks in a row as well and might consider file 13.As to the QCD, this was the way to do it in the past but I believe today (as things change in RE) that there are some areas that have title issues with the QCD being used except in limited and more customary instances, like between husband and wife from a divorce.The problem seems to be that it weakens the chain of title as to "only that interest" being conveyed.
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3 May 2018 | 22 replies
before he would he would live in Ohio again.In my market, a good S8 tenant is landlord gold.
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23 May 2012 | 17 replies
Some of these will ride hot commodities like oil, gold or something else for months or years, and then go belly up when it reverses.Nothing here to see, folks.
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18 August 2018 | 105 replies
This neighborhood would even welcome the improvements.Moving a little further up the socioeconomic chain, some bread and butter neighborhoods around DFW could use a little boost.
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4 February 2016 | 9 replies
The advantage of farm land is that it can be thought of as 'gold' that you can rent out.
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25 May 2012 | 5 replies
Well, a friend of mine (very wealthy) participates in funding some loans this bank makes.My current set of questions will revolve around what their lending guidelines are, what types of portfolios/properties/deals they'll lend against, if they have any bad assets/loans on their books they want to dump, and where/how a small fish like me can become a bigger part of the food chain.
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1 November 2013 | 29 replies
They are worth their weight in gold
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5 June 2012 | 14 replies
So if 10% return on a NNN is what your looking for, that is easy...As the ROI goes up and the risk stays low, the difficulty in locating the deal increases.Areas with little investor activity, and a change in employment are gold mines for both buy hold and flips.
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4 June 2012 | 5 replies
If not with increased management fee you are looking closer to 60% to 65% cost and not 50% annually.Tenants not directly billed bu the water authority use about 30 to 35% more water monthly and do not report water leaks.If the tenants are not paying then you will have months of lost rent,damage to the units,and reconditioning costs.You need to pay close attention to the EXISTING tenant base going in.Run your own checks on them.The existing landlord might have just filled the building up to dump off crap tenants on someone else.The fact that this property has changed hands so frequently leads me to believe it has serious problems.People get think they get a deal and then want to jump off the burning ship quick before going down.Check title history chain and see if you can locate previous owners,their attorney etc. on documents.You can also look up if a previous corp bought it and the controlling officers.
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14 July 2012 | 15 replies
It does matter what the previous chain of title shows, as J Scott said, so I'd focus on the deal at hand, and not buy from the guy again.