11 January 2013 | 14 replies
They told me they had a bunch of rentals in AZ, but when the anti immigration law passed, it killed their rental business and vacancies sky rocketed.
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9 March 2011 | 21 replies
This anti-flip clause is likely a directive from the investor as I too have not seen this clause from Litton before.In my opinion, it is certainly debatable whether the lender has the right to restrict the sale, but becuase you must disclose this information to your end-buyer, it is still very effective becuase he will not be able to get title insurance.
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16 June 2010 | 23 replies
I'm not saying that the law isn't important; I'm just very heavily anti-overly intrusive government, but I suppose that's a different issue.
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9 December 2009 | 44 replies
We real investors here on BP who are able and cpable of providing the information/eductaion via the webinar would be doing it for that only, nothing else to sell.After all, BP IS anti-guru in case you didn't know!
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15 October 2013 | 6 replies
One is a huge beaurocratic mess and the other is run by the anti-Christ.
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17 April 2013 | 14 replies
The RPOA is the closest thing, but they're somewhat anti-wholesaling (old grumps) so I usually don't hang out with that crowd besides growing my network of buyers.
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10 November 2017 | 1 reply
There are too many possibilities when your duties may / will overlap with who ever is managing the other part (e.g. plumbing, electrical, heat, water, sewer, garbage, landscaping, tenant complaints, security) regardless of who is technically in charge of these items; let the finger pointing begin.I don't have any specifics but generally speaking these kind of properties have extensive reporting requirements regarding the tenants (e.g. certifying that tenant meets income requirements), units (e.g. inspections), financials (e.g. audits) and regulatory compliance (e.g. anti-discrimination rules).
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1 October 2020 | 22 replies
Rental income sucks, ROI blows, property taxes are high, maintenance/labor is expensive, local government is very pro-tenant and anti-landlord and tenant eviction period is long.If you like swimming upstream, be my guest.You mention Detroit.
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11 January 2011 | 1 reply
You need to understand creditor laws in your state before you can properly evaluate the risk in accepting a tenent in obvious finacial distress.In my opinion, unless you know what you are doing and your state offers anti-defiency protection, you should stay away from prospective tenants in such financial distress.
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28 June 2009 | 22 replies
FHA just lifted their 90 anti flipping rule, at least here in CO.