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Results (7,602+)
Nick J. The Search Has Begun & I Need Advice
26 April 2011 | 11 replies
Nick, go with the largest brokerage in the area, doesn't really matter who it is, they will most likely have a training department or trainer, breaking in the cadets right is a big part of their future business and the largest brokerage will understand that, IMO.Remember too, you are an independent business person, so doing deals for yourself is your right, how you do it without getting in trouble is their domain since the broker is responsible.Yeah, you might be a trouble maker being one of those "investor types"...LOLI suggest you try it at least for a year and ask for floor duty, you get the calls and most callers don't know who toask for!
Kwame B Seller Financing/Reverse Mortg
26 April 2011 | 14 replies
Didn't mean to imply you were, just really good advice, IMO!
Jeff Sitti Newbie question....
22 April 2011 | 5 replies
TD stands for "Trust Deed" or "Deed of Trust," which is basically the mortgage on a piece of property (mortgage is an old term; TD is the modern-day equivalent).First TD (which is what is implied here) means that if the borrower defaults, they are first in line for the collateral (i.e., they get the house before anyone else who might have lent money).10-12% is likely the interest rate they are paying to borrow the money.Points is a percentage of the amount borrowed paid up front by the borrower.Possible equity share means that the lender may get a portion of the profits, in addition to the interest on the loan and the points paid upfront.So, basically what this is saying (assuming the person speaking is the borrower) is:"We borrowed money at a 10-12% interest rate and the lender is first in line to get the house if we default.
Colden Brown 2010-Present RD/PD Participants
24 April 2011 | 5 replies
The trainers have also cashed your check and moved on to the next sucker!
Tyler S. Cash
4 June 2011 | 5 replies
While it's true that the seller gets cash either way, generally a "cash sale" refers to a sale where the purchase funds are coming straight from the buyer, and not from a lending source.As Jim implies, a cash sale is going to (generally) be a lot faster than a financed sale, as the buyer has the funds to close immediately.
George P. EnviroTabs - anyone heard/used?
5 August 2011 | 28 replies
It doesn't imply the product possesses some superior qualities.
Andy B. Okay, What am I missing on this one
9 June 2011 | 9 replies
.$575/month/unit = $9775/month50% rule implies NOI = $4888/monthPayment on $300K at 10% (horrible) for 30 years (probably too long) is $2632.
Ashley Robertson Short Sale Flipping "Illegal"??
23 September 2015 | 45 replies
Just unethical for the realtor involved.MaryAnn- I never once implied I had any duty to the lender at all as I dont.
Daniel Bradshaw Can I advertise a house for sale that I just put under a purchase contract?
17 March 2013 | 24 replies
Hmmm, Mitch, your disclosure is totally meaningless, ALL sales contracts are subject to the seller providing good title, it's in the TREC.It is assumed and implied that the seller has merchantable title to property to sell it, my son may have an "equitable" interest to my property, it doesn't give him the right to adverties it for sale as he lacks the power of sale!
Linda R. An ethics and legal question.
17 June 2011 | 26 replies
I'd be careful what I post on a public form, referencing knowing the lady somewhat implying that to be why she lowered your taxes isnt something id publicly say, ever.