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15 June 2024 | 87 replies
Alan Ceshker: Thanks for the questionYes it does First - get insurance in place correctly -- use a proven insurance provider -- this is most important Educate seller to not contact the bank Use a trust structure to have the conveyance appear to comply with Garn St GermainBe ready to fix if needed via a deed flip flop or paying off the mortgage These transactions should only be attempted by experienced and ready investors -- those with the knowledge and ability to fix if neededThanks Alan Hi Alan, I've made it no secret that I have ethical issues with many of the sub-to tactics being used nowadays, but I have to ask about your statement "educate your seller not to contact the bank".
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12 June 2024 | 2 replies
Lending reqs are a little difficult right now to get a line of credit on non-owner occupied property.Give me a buzz if you have any questions.
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12 June 2024 | 4 replies
If you're serious & confident you can lease your properties up in time, you may want to consider putting significant rent money and EMD up front.Feel free to shoot me a pm or give me a buzz at contact info in bio - always down for a chat!
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11 June 2024 | 22 replies
So that's one of the reasons I came back to BP: to see what fellow landlords are using nowadays.
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10 June 2024 | 13 replies
So by putting everything down on paper, you can easily correct the client and keep things moving.You mentioned timelines....those are hard to get everyone to agree on in the original contract because a Contractor knows that a customer nowadays will start changing things as soon as they watch that episode of HG TV with their glass of wine.I included on my Change Orders a line to add time to the project in addition to the added dollar amount.
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9 June 2024 | 6 replies
Plus with the prices of land and construction nowadays you would likely be in jumbo loan territory, meaning higher rates, and down payment requirements.
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9 June 2024 | 2 replies
I'm looking at a 35K home and my realtor told me most bank don't lend for anything less than 100K nowaday.
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8 June 2024 | 4 replies
Both said that I should leave it as is, given the APR is at 3.25% and my bills are quite small compared to nowadays.
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7 June 2024 | 6 replies
They are used unsurprisingly a lot - pickleball is all the buzz lately!
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6 June 2024 | 1 reply
I think I have a good case, but it's really hard to find an attorney to take it nowadays—all the good ones are fully booked and hard to reach.Any suggestions or recommendations on how to approach this issue would be greatly appreciated, as I am a new landlord.