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21 February 2022 | 22 replies
In one example provided by KBRA, if it was determined that the purchase option attached to a property violated consumer protection laws, tenants would then stop making rental payments, which could cause significant shortages in the funds available to the note holder to make payments to the servicer.And if that happens, the funds that ultimately flow to the bondholder could dry up as well.KBRA does caution that rent-to-own and lease to own securitizations are in their extreme infancy, and said that it expects to see “significant diligence and disclosure” surrounding the deals’ inherent risks.
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15 December 2022 | 8 replies
The creative financing podcast is very dry but has a lot of good information on it.
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21 April 2017 | 1 reply
They were all pretty dry.
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8 December 2022 | 13 replies
The contractor also mentioned that this same area has been repaired before, he saw dry wall cut lines in the same area he has to now repair.
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29 December 2022 | 4 replies
Knowing that a) we do have the ability to withdraw contributions tax-free, and b) we have been keeping some "powder dry" lately due to general market conditions, what are the group's thoughts on withdrawing some/all of our contributions for REI use?
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29 December 2022 | 12 replies
.; major settling, serious foundation problems)...but even then, there are investors who specialize in buying and fixing those types of properties --again, the key is educating yourself so you know what you're getting into. ...it sounds as if maybe you're looking for a hard-and-fast rule like "DON'T buy a property with X", or "DO buy a property with Y" --the reality is, REI is rarely, if ever, that cut-and-dry--it has many shades of grey, and it requires flexibility and creative thinking.Good luck!
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10 December 2021 | 2 replies
I'm sure you will run into situations where you need an expert so have help on deck but demo, painting, dry wall repairs, easy stuff can be done by you!
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21 December 2020 | 14 replies
@Christopher Kinnaman ironically the nee IL law forces unlicensed wholesalers to do 2 wet closings, hiding the fee and lowering the amount to the sellers since the law specifically calls out contract assignment and double dry closings aka fund AB close with funds from BC.So they claimed it was to protect sellers the reality is now sellers will get less money due to twice the closing costs, and won’t know what the wholesaling fee was due to separate closings.
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4 January 2023 | 26 replies
It's pretty cut and dry when the cause is non-payment of rent and/or the lease has expired - with the later most likely resulting in you having to pay her the assistance fee (well worth it).
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6 December 2022 | 4 replies
@Stephen E Drew, it's unfortunate that your accountant is so cut and dried about it.