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30 October 2024 | 7 replies
There are a few things you could offer to make the deal enticing to the seller, such as a balloon payment, but I would keep it to less than 10 years unless it is too good of a deal.You need a purchase and sale agreement with the terms and after under contract you will work with the title company to get a mortgage and promissory note drafted by an attorney to be signed at closing.
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5 November 2024 | 28 replies
@Jacob NevarezGeneral red flags include many days on market (60 days+), few photos available online, under contract & reactivated multiple times, and no price drops if it has been on the market a while.
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30 October 2024 | 12 replies
In Minnesota, we cannot legally discriminate against a tenant who has a felony on their record.
30 October 2024 | 1 reply
Contracting and subcontracting services, like plumbing, generally don’t count unless tied directly to real estate you own.Are you considering acquiring rental properties or engaging in real estate development where you would personally manage or oversee those properties?
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26 October 2024 | 4 replies
Second, it's probably not legal to charge a management fee on the deposit.
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7 November 2024 | 45 replies
So far I have inherited 3 tenants who were there when I bought that were not on the program who paid maybe one months rent and then nothing for the three - four months it took for me to kick them out plus legal fees (Ny if its in an LLC you have to be represented by a lawyer).
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29 October 2024 | 6 replies
You can have for example a 6 months contract, extendable, as you are not covered by long-term rental rules (neither "benefits").
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27 October 2024 | 13 replies
Do you frequently require subcontract and vendor engagement (lawn care, snow removal, building maintenance, management company etc.) and if so, do you sign contracts and require that you are listed as additional insured on their insurance policies?
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1 November 2024 | 5 replies
Hi All,Under contract for my first ever investment property, and the inspection results just came back.
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28 October 2024 | 5 replies
The last house I bought, was brought to me off-market by my agent, and it's seeming that off-market is the only way to get good properties without the MLS prices.I've recently got a nice business card printed up, and would like to start a direct mailer campaign, using BatchLeads to find multifamily properties in the local towns that I wish to invest in.I have a pretty strict criteria about what I'm looking to purchase at this time:-Legal 2-or-more unit large Multifamily (not required to be owner occupied)-Each unit should be at least 3 bedrooms (so if it's a duplex, it needs to be 6+ bedrooms)-Sewer (not septic)-Gas (not oil)A lot of this information is not readily available online, so once I start my mailers, I'm sure I'm going to find people who eventually respond, but that don't have criteria which match what I'm looking for.I feel like it would be a waste if I paid a bunch of money for direct mailers, and then someone reaches out to me to sell, but their house doesn't match the criteria of what I'm looking for -- I don't know anything about wholesaling.What can I do to monetize these leads, or is the answer is that I need to learn So we believe no lead is a bad lead.