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Results (7,632+)
Chip Chronister Arkansas is trying to make wholesaling illegal
13 March 2019 | 40 replies
(a) This chapter does not apply to:(1) A person not licensed under this chapter who performs any of the acts described in § 17-42-103(10) as:(A) An owner of an individual freehold or leasehold interest in real estate;(B) In the case of a corporation, limited liability company, limited partnership or other entity recognized by law holding a freehold or leasehold interest in the real estate under subdivision (a)(1)(A) of this section, a member, manager, partner, or officer who has authority to make management decisions affecting the overall policy of the entity regarding real estate activities involving only the interest of the owner;(C) An individual attempting to acquire for his or her own use a freehold or leasehold interest in real estate; or(D) In the case of a corporation, limited liability company, limited partnership, or other entity recognized by law intending to acquire a freehold or leasehold interest in real estate under subdivision (a)(1)(C) of this section, a member, manager, partner, or officer who has authority to make management decisions affecting the overall policy of the entity;(2) An attorney in fact under a duly executed and recorded power of attorney from the owner or lessor authorizing the final consummation by performance of any contract for the sale, lease, or exchange of real estate, provided that the attorney in fact does not receive or have an expectation of receiving a fee, commission, or other consideration, directly or indirectly, for performing the act;(3) An attorney at law in the performance of his or her duties as an attorney at law;(4) A person acting as a receiver, trustee in bankruptcy, administrator, executor, or guardian, or while acting under a court order or under the authority of a will or of a trust instrument;(5) A person acting as a resident manager when the resident manager resides on the premises and is engaged in the leasing of real property in connection with his or her employment;(6) A person employed only at a salaried or hourly rate to engage in the leasing of real property for or on behalf of a licensed principal broker, the real estate firm of a licensed principal broker, or an owner of real estate, if the person:(A) Does not engage in or offer to perform any practice, act, or operation set forth in § 17-42-103(10) other than receiving a security deposit or payment as permitted by subdivision (a)(6)(B)(iii) of this section; and(B) Performs only one (1) or more of the following functions:(i) Delivering a lease application, lease, or an amendment to a lease application or lease to any person;(ii) Receiving a lease application, lease, or an amendment to a lease application for delivery to the principal broker, real estate firm, or owner;(iii) Receiving a security deposit, rental payment, or any related payment for delivery to and made payable to the principal broker, real estate firm, or owner;(iv) Acting under the direct written instructions of the principal broker, real estate firm, or owner:(a) Showing a rental unit to any person; or(b) Assisting in the execution of a preprinted lease or rental agreement containing terms established by the principal broker, real estate firm, or owner; or(v) Conveying information prepared by the principal broker, real estate firm, or owner about a lease application, lease, the status of a security deposit, or the payment of rent to or from any person;(7) An officer or employee of a federal agency or state government, or any political subdivision, in the performance or conduct of his or her official duties;(8) A multiple listing service wholly owned by a nonprofit organization or association of real estate licensees;(9) An officer of a corporation, a member or manager of a limited liability company, a partner of a partnership, or the equivalent of an officer of another form of business entity acting with respect to real property owned or leased by the entity or an affiliated entity under common ownership or in connection with the proposed purchase, sale, rental, or leasing of real property by the entity or affiliate if the acts are not performed by the officer, member, or partner for or in expectation of a commission or other compensation resulting solely from a successful transaction; or(10) A person employed primarily at a salaried or hourly rate by a corporation, limited liability company, partnership, or other business entity acting with respect to real property owned or leased by the entity or an affiliated entity under common ownership or in connection with the proposed purchase, sale, rental, or leasing of real property by the entity or affiliate if the:(A) Acts are not performed by the employee for or in expectation of a commission or other compensation resulting solely from a successful transaction;(B) Primary business activity of both the entity and affiliated entity is not ownership or acquisition of real estate; and(C) Employee is not providing real estate services to or on behalf of more than one (1) entity not affiliated by common ownership.
Mohamed Hersi how to start up wholesaling
5 December 2016 | 10 replies
Or, perhaps you could work with a bankruptcy agent, a probate agent and work on referral. 
Rich Hupper All She Has is a PO Box and 2 Cars
17 September 2017 | 45 replies
They might come back and say they don't have that information or they can't give it to you, but its worth a shot since it costs nothing.Another thought is to check bankruptcy records for the deceased owners and the daughter.
Taylor Silker My first deal. In a bind!
3 August 2017 | 35 replies
Bankruptcy or forced sale are loosers or worst case scenario no matter how far down the line they occur.  
Ken Rishel Largest RTO Company Shut Down in Wisconsin
21 February 2022 | 22 replies
The rent application would include all information required for a lender to assess whether the renter would qualify for a mortgage (e.g. 2 years of steady employment, tax returns, no bankruptcies or outstanding judgments, etc.).
Ashby Tyler Cappelmann How to reach the maximum of 10
11 May 2017 | 6 replies
A property owner can have an owner occupant property, a second home, and investment home financing and as long as it is up to 4 financed properties, standard Fannie Mae Guidelines apply.Here are the general Fannie Mae Guidelines on Conventional Loans.Minimum credit scores required to qualify for a conventional loan is 620 FICO credit scores.Maximum debt to income ratios to qualify for conventional loans is 45% DTI.Minimum down payment for owner occupied primary residential properties is 3% for first time home buyers and 5% for home buyers.Second home financing require a 10% down payment minimum.Investment home financing require 15% for single family home investment financing and 20% to 30% down payment for multi unit properties.Reserves are required on investment property financing.4 Year Waiting Period to qualify for a conventional loan after a Chapter 7 Bankruptcy discharged date.2 Year Waiting Period to qualify for conventional loan after Chapter 13 Bankruptcy discharged date.4 Year Waiting Period after short sale to qualify for a conventional loan.4 Year Waiting Period after deed in lieu of foreclosure to qualify for conventional loan.7 Year Waiting Period after foreclosure to qualify for a conventional loan.If you have a mortgage part of bankruptcy , the waiting period is four years from the discharged date of the Chapter 7 Bankruptcy and the foreclosure can be recorded at a later date after the Chapter 7 Bankruptcy discharged date.Here are the 2017 Fannie Mae 5-10 Financed Properties Guidelines:A real estate investors cannot own no more than 10 Financed Properties between one to four residential units which includes their primary home, second home, and investment homes.On a property purchase, a 25% down payment on the property purchase will be required for 1-unit property and 30% down payment will be required for 2-4 unitsCash-out refinances are not allowed past 5 properties.
Charles Johnson Preventing tax foreclosure
28 December 2022 | 3 replies
Only way would be to file bankruptcy.
Jess White Turns out, the 401k is not a scam.
19 September 2019 | 47 replies
Imagine one day (very unlikely but possible) you have to file bankruptcy due to a terrible life situation, or rough economic times, ETC.
Christina Merlo Where to find Private Lending for Next Investment
9 September 2022 | 9 replies
Something tells me you are over leveraged and the next one will tip you into bankruptcy 
Dominik Perrenoud How Do You Not Let Your Expenses Grow With Your Income?
9 May 2020 | 46 replies
Some even file bankruptcy as their spending gets deeply out of control.So the answer is not to deny yourself anything, It is to make careful purchases that add value to your life.