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6 September 2018 | 6 replies
I know an investor that set up a master lease arrangement with a guy that wanted to sell.
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28 August 2018 | 1 reply
This appears to be a owner finance arrangement with the now deceased mother.
30 August 2018 | 18 replies
Each county is different, but I have paid $95 for each adult occupant on the lease, while not having any rent coming in while the courts arrange for a date 2-3 weeks out ( in my county).
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28 August 2018 | 0 replies
I've flipped multiple SFHs, but this would be my first commercial deal.I've talked to several lenders, but they all have one or more issues, such as needing 25% down when I can only do 20%, proximity of property is too far from a major city (I'm in WV and no city in the entire state has more than 50,000 residents), I don't have any commercial experience or track record, etc.Therefore, I'm now contemplating asking the seller to consider leasing me control of the property for 2 years with an option to purchase within that time frame.This would provide me with the following benefits:allow me to negotiate the upcoming lease renewal of a major tenant,give me time to come up with a larger down payment,give me time to establish experience managing commercial property,give my new LLC time to establish a track record and income,give me time to find a lender willing to work with me.I will also need to pay the current listing broker their fee, and I would need to pay a deposit and monthly lease payment to the current owner.My questions are:Does anyone have experience with such an arrangement?
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28 August 2018 | 1 reply
Do realtor's pay their broker's by year for sponsorship (or deal, etc.)?
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11 October 2018 | 17 replies
We had a satisfactory arrangement -- she's been there long-term, is low maintenance, and only one person in a large condo.
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14 April 2019 | 16 replies
You've turned the duplex into an SFR, let them figure out the living arrangements.
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14 April 2019 | 5 replies
That entails both money and time, and she may not have had the opportunity to expend either within 5 days of the divorce.Were I in your shoes, I'd engage an attorney to draft the quit claim deed, inform the ex to contact the attorney's office and arrange a time for her to go sign, and that would be that.
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15 April 2019 | 4 replies
Also, your first lender may balk at said arrangement immediately after closing.
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13 April 2019 | 0 replies
I'm looking for help analyzing this creative sale arrangement.