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9 October 2011 | 3 replies
With HUD it depends on many things when purchasing.If for instance the purchase was part of the good teacher,police firefighter etc. with the discount you have to live there so many years period or you will have to repay some money.Also if your buyer bid during the owner occupant only period to get the property and will never move in that is fraudulent.Investors frequently use to do this to not wait until the investor period came.It is a crime to do this now.Some would also say they were living there to get an owner occupant loan with a lower rate.This is committing mortgage fraud.Many do things to ride the line everyday and some get burned and others do not.I wouldn't want to be on the governments radar though.So without knowing the specifics of how the transaction went down it's hard to say.If the title company says 2 years and they do a lot of HUD then I might take that at face value.I have seen HUD go out to properties before,check where mail is sent to for taxes,etc. after they were bought.
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10 February 2012 | 22 replies
I use it quite frequently.
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21 May 2015 | 62 replies
Unfortunately there are three different Home Depots I frequent and I'm not sure how to set a reminder that will activate when I get to any one of them.
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1 November 2011 | 2 replies
This is an effective way to market that is frequently forgotten.
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11 March 2013 | 8 replies
And, I would not use any administrator just because someone has not heard any complaints or assumes others have done research on them.I have a basic SDIRA with IRA Services in San Carlos, CA (no checkbook access) and I use them frequently for real deals I do all the time.
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18 November 2011 | 10 replies
I went to school in San Marcos, and was frequently in San Antonio.
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21 November 2011 | 9 replies
And properties can move for far below list price.The out-of-state apartment owners are frequently motivated sellers.
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27 January 2012 | 15 replies
Schools - accountability, choice, introduction of market system.Back when we used to have somewhat rational threads about politics this topic came up frequently.
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11 July 2012 | 12 replies
The cost is built in somewhere to what they are doing.We get landlords offering free rent here for 1 year.The rent isn't free on commercial as they then have year 2 at a higher than normal rate to recover some of the lost rent and then built in escalations that are higher and more frequent than normal.Never get sucked in by a gimmick.I tell all my clients to be slow and methodical in doing a deal to avoid "knee jerk" reactions.It takes a long time to make money and a small amount of time to lose it.You also have to watch out for if they are in pre-foreclosure or not.They could be trying to collect an upfront payment with free rent and then walk.
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21 February 2012 | 18 replies
I chat with these folks frequently and they can tell me really quickly whether something is laden with BS or if there are lenders lending on such terms.