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16 July 2024 | 9 replies
The thing that I've found makes them smoother is allowing each party to close individually and early when possible.
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17 July 2024 | 10 replies
They must be held in escrow by a third party called QI - Qualified Intermediary - and it must be engaged before you sell.
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18 July 2024 | 20 replies
@Thomas Richardson As @Mike Grudzien mentioned, reading my book doesn't exactly tell you how to "pitch" to private lenders but it does help you understand how to present deals to novice or new PMLs within your network by being able to show them how you'd protect and safeguard their capital with things like equity protection, title insurance policy, loss payee on your property insurance policy, going through a third party title and escrow or attorney to close the loan, etc.
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17 July 2024 | 4 replies
This part is the addition to our existing home.Upstairs is about 1,000 sq ft 2/1 with a balcony.
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16 July 2024 | 7 replies
But, unfortunately there was nothing I could do to help her because I had no connection with the original agents or parties in the transaction and the other party had already taken legal action.
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16 July 2024 | 1 reply
Alternatively you could do a smaller a cash out amount and a private agreement for installment payments to each party secured as a second lien post closing.
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18 July 2024 | 10 replies
It was determined that the holding period for the acquired real estate started after the end of the redemption period, given that is when the acquiring party started to enjoy the benefits of the real estate ownership.
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20 July 2024 | 28 replies
And they are adaptive and able to solve unforeseen problems: if a part is to big and does not fit, they will grab a tool and adjust it.Which means factory jobs are being next.
19 July 2024 | 58 replies
The ones who bought in good areas and used my contacts for handyman/repairs do great with cashflow+appreciation but some bought in rougher areas who try using 3rd party managers and the expenses eat into profits even just turnover costs are way under-estimated by most investors add in lower quality tenants and that 10%+ cashflow deal turns into 0%.
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16 July 2024 | 15 replies
At this time, construction continued to progress as evidenced by the third-party inspection reports.