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10 April 2018 | 7 replies
I suspect the brokerage community is going to start telling their agents to turn in violators.one of my Oregon bird dogs just put a sign in the yard neighbor got pissed off as they wanted the house turned him into the state .. its kind of like getting a DUI cost you about 10 to 15k first offense and a cease and desist..So then I went on to ask her about transactional funding as I have been a party to that a bunch of times and wanted to make sure I was legal.. she said NO way.. they deem that as some sort of fraud.. idea is the lender and wholesaler are in cahoots and scheming and marketing a property they dont' own and its prima facia evidence when they see two deeds in one day and a middle man payout.so bottom line you need to get into title and stay there for a few weeks BEFORE you market the property.. but as the regulator said.. they only respond to complaints right now.. so don't piss off any sellers or agents LOL.
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11 February 2021 | 5 replies
Dave’s middle name is “tenthirtyone”, his birthday is 10/31, and he lives on 1031 Gulf Blvd on the water.
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10 April 2018 | 2 replies
For example, 100k house you need to buy for 70k all in, which means that you need to get that house for 70k - Rehab cost (get to know a good contract with a middle of the road price point so that you are not telling people you can do a whole house for 5 grand) and then subtract the fee that you want to make on the house and that should be the target.
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10 April 2018 | 5 replies
By investing conservatively, in good middle class neighborhoods we never suffered much in losses and by not having loans our flexibility and ease of purchase (cash) and sales (seller financed) always went smoothly.
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12 April 2018 | 68 replies
most of my note investors came from the landlord game and tired of it.. .and many own rentals learn of notes and use their spare cash to start stacking up notes.. this gives them nice cash flow that comes in if rent is missed one month but no headaches of landlording.. although must pick notes carefully of course.. so that's an option if you have cash you can do short term lending for when you perceive it may be a buyers market again for rentals..but frankly many that I have had over the years and I have been doing notes since the middle 80s they never look back.. when they get enough cash they buy another... also no recapture to worry about.. but no tax write-offs either.
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10 April 2018 | 5 replies
I am in the middle of a BRRR right now.
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10 April 2018 | 8 replies
I started flipping single family houses a year ago, I have completed 2, 2 are in the middle of rehab, and one I am currently living in.
10 April 2018 | 0 replies
So with this sort of investing goal, it's seemed like the BRRRR method sort of puts an investor partnership in an awkward middle place between an LLC and a S-Corp.
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11 April 2018 | 20 replies
Is trying to meet her in the middle in the low $180,000’s a bad idea?
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8 February 2021 | 19 replies
A lot of guys will do 3 - one on each end and one in the middle.