Alan Gomez
Dealing with probate issues in an estate sale (Chicago)
17 May 2016 | 4 replies
He was granted to be the head of the estate however in fine print the title company saw that it was "supervised" meaning a judge has to approve of him selling the house since they have to make sure all beneficiaries get their equal share of the money.
Michael Fanoni
Hiring Non-licensed Contractors
6 June 2016 | 16 replies
Otherwise, they can be great for smaller jobs supervised by you.
Allen Maris
Investors wanting to get their RE license should read...
1 January 2019 | 70 replies
Now that one of them is a supervising broker, they won't take anyone like them.
Chris Harper
Top 20 Objections to REI
20 March 2017 | 21 replies
I won’t go into those here.And in Florida and OH and CA, you better be an agent to do them or the Dept of RE, who supervises agents will bring a “cease and desist” letter on your business activity.So, seriously, get licensed and declare you are acting as a principal.But the drill this thing down, if you advertise for a house that has a problem, you have flexibility in your solution.If you are working full time, use a service like www.PatLive.com to live answer the calls.Rules of thumb:If you are licensed:A pretty house with 90% loan-to-value, good school district, that might be a lease to own or subject to or a wrap.A pretty house with 80% loan-to-value, good school district, that might be a listing, a lease to own or subject to or a wrap.A pretty house with 50% or less loan-to-value, good school district, that might be a listing.An ugly house with 50% or less loan-to-value, good landlording area, is a good wholesaling deal.And an ugly house with 80% or more loan-to-value, no equity really, that’s a short sale.Don’t be a one trick pony, be a transaction engineer.Give the seller cash offer (which that usually hate), but you’ve got to give it to them, and2 terms offers, a sub 2 and a lease to own assignment, or owner financing._________________________ Books I think You Need Now To Build a “Cash Or Terms RE Business”“Awaken the Giant Within” by Tony Robbins gets to your real motivation.
Sean Rogers
Would this scare you and what would be your next step?
25 July 2015 | 2 replies
It will be sold "As Is" under the direction and supervision of the Private Selling Officer defined in the judgment.
Kai Hicks
Non-essential Request by Tenant
4 August 2015 | 64 replies
They should tell the tenant the property was newly rehabbed, rented as-is and that services like power washing the driveway and house will be at her expense (but must be arranged and supervised by the PM).
DuWayne Jones
First deal - duplex in probate / foreclosure
4 August 2015 | 4 replies
Hennepin has either a supervised or unsupervised probate.
Paige Kelsey
Do Good Reliable Contractors Exhist for Smaller Investors with Big Projects?
5 August 2015 | 8 replies
When he was supervising for other companies back in the day, he also had a trim company on the side and was able to get most of the trim work as well.
Paul Haughton
How to resolve liability risk on uninsured rehab property prior to closing
18 August 2015 | 18 replies
Meaning a fitting in a pipe that was worked on 9.75 years ago bursts, they allege that it was a defect from the plumbing work done under your GC supervision, they can file lawsuit and if they can prove negligence to 6 people that could not get out of jury duty, they win.
Jody Sims
Please bear with me
4 December 2019 | 1 reply
However, I would start small -- perhaps 3 12-unit buildings.I know the value this project would have to the state, the residents, the local community, to law enforcement, community supervision and, yes, to myself.