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17 February 2019 | 14 replies
In addition the majority of the not so experienced are either out of state (OOS) or planning on going OOS.So I am not recommending against going to the San Diego BP social as much as 1) setting an expectation 2) suggesting you may want to go to a meetup maybe associated with an RE investor club.BTW there used to be a near monthly BP Meetup at various RE investment properties.
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13 October 2018 | 15 replies
Also, the association controls finances, insurance and many other things, a friend of mine has a condo in a unit mainly controlled by Canadians that are seasonal, in their infinite wisdom they decided to not maintain flood insurance for the development (they are in a flood zone) now the units are unfinanceable , so the values are lower because only cash buyers can buy in the building.
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12 October 2018 | 8 replies
From the day we take title you then have 180 days to sell the properties you want to exchange into this new property.Reverse exchanges can be a great way to lock up your new asset first and mitigate some of the risk associated with trying to get someone to give you a contract contingent on several sales.
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11 October 2018 | 8 replies
@Kevin Ferguson thank you, how would I look for an internship with (currently) an associates degree and no real estate experience nor license ?
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16 October 2018 | 9 replies
There is a meet up in Chico every month at the local Realtor Association office (Sierra North Valley Realtors) just fyi.
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18 October 2018 | 4 replies
@Arthur C.From a financial perspective you are prolly worse off with the $412,000 offer if you are using a real estate agent.The real estate agent will take 6%(whatever % you agreed to) off $412,000 instead of $400,000.6% of $12,000 is $720There may also be other costs associated with selling it at a higher gross cost(each county is different).I can understand why the seller would want to buy it for $412,000 with the $12,000 seller credit.
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13 October 2018 | 3 replies
This means you'll probably find it harder to rent the properties (increased vacancy rate), more difficult tenants to deal with, more constant tenant turnover (and the costs/hassle associated with that), etc.Also how old is the property?
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14 October 2018 | 6 replies
You can use Cozy or your state LL association for background checks, credit reports, and docs. including leases.
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6 November 2018 | 4 replies
As I mentioned initially a lot of people on BP are anti-condo, so it simply means you'll have fewer fellow investors competing with you.HOAs can be a pain in the neck, and condo associations are more invasive.
16 October 2018 | 5 replies
Account Closed, How we do ours is we have the renter fill out the paperwork as a normal lease, which includes everything a basic tenant would pay for that property (i.e. utilities, and any associated maintenance, first month rent, security deposit, etc.) if they were renting from us.