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27 January 2019 | 17 replies
I contacted the HUD office and it turns out that I forgot to turn in the W9 so they held the check.
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10 December 2021 | 4 replies
I am not an agent nor a wholesaler but I have researched enough to know that it varies a lot state to state and you most likely want to consult a real estate attorney in your state prior to doing so.As far as I know, it is completely possible to wholesale as an agent, but they are held to a higher standard and as you alluded to as require certain disclosures such as the fact that you are an agent.
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26 December 2018 | 5 replies
Call a local 1031 intermediary and give them all the details: how long they've held an interest in the property, is it a stepped up basis, remainder interest, etc.
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28 December 2018 | 2 replies
This occurs when the HOA has inadequate reserves, the HOA fee is too high in relation to the income of the owners, or too high a percentage of owners are not occupying their units.I would definitely insist that the note being held by the seller be assumable, if the above is correct it may be your only way to sell.Additionally you will need to see if the seller owns the property free and clear, or is he wrapping an existing mortgage note within his new seller financed note?
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31 December 2018 | 0 replies
We held the property for two years and profited from the equity gained in that time.
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20 January 2019 | 5 replies
Banks won't write you a residential mortgage when it is held in LLC.
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3 January 2019 | 1 reply
How does everyone have their Operating funds held?
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2 January 2019 | 7 replies
newbie question about how to remove pmi and get heloc.we have owned our home for about 4 years now. this is our only house, mortgage is held by freddy mac, servicing company is qrl. the county recently reappraised our house for the next tax year and thinks the value has gone up enough to give me over 20% equity. i called the loan servicing company to ask about dropping pmi. they say they wont go by the county estimate. they want me to pay them to send an appraiser out.im also considering looking into getting a heloc just to have open as an emergency fund.. which would need another appraisal. im wondering if there is a way to somehow do both of these things and only pay for one appraisal. at over 500$ that would be a lot of money for me to pay twice.also, would there be some kind of conflict there?
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1 January 2019 | 4 replies
An appropriate amount held back in escrow from the seller’s sales proceeds should do the trick.
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15 January 2019 | 16 replies
I would encourage you to check out our monthly meetings as well as the WISCOREIA monthly meetings, both held in Kenosha. https://www.facebook.com/groups/1892119737699944/https://www.facebook.com/wiscoreia/