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21 June 2016 | 5 replies
Are they the type who will want to dip into or demand a share of the profits in first year or are they willing to re-invest the NOI into the project for a couple years?
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6 September 2016 | 11 replies
If we see population grow decrease or stop, or employment decrease then that will limit demand as well.
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6 June 2018 | 11 replies
If wife gets her name added to the title on any of the previous 2 homes owned by husband - according to lender - she will have a VERY HARD time in removing her NAME from the title of those previous 2 or 1 homes - because underwriter will DEMAND a letter of explanation and unless the wife is GETTING separated or divorce or unless the husband is refinancing the loan = the Underwriter will DENY her letter and ALSO DENY her the "primary residence loan" that she wants to get for the 3rd home.Is it making sense?
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26 March 2015 | 6 replies
hello to everyone. i have a question regarding a closing that is taking far too long. i have a flip house here in western new york. i finished it and put it up for sale in late august 2014. signed a sales contract with the buyer on november 11th. since then, he, the buyer, has given me a long list of repairs he wanted done on the place, which i did, including replacing the roof, myself, in the middle of december. now, since the repairs have been completed, i thought the closing would take place, as scheduled, on january 5, 2015. that date is written right in the contract. since then, he has " waffled" around with his VA loan, switched to a different bank and type of loan, and, as you can imagine, postponed the closing multiple times. i have heard from my agent and attorney on rare occassions that they need " this" or " that" from me. the latest thing they wanted from me was a letter indicating when the roof was completed. they already know this. i re-read my contract. i have what i believe are numerous reasons to cancel the sale. every week i hear " it should happen next week." i have been hearing that since mid january and here it is late march. also, within the contract, i have found a clause that allows me to demand a closing within 7 days of any notice i give them. should i contact their attorney and envolk the 7 day closing or notify them of my intent to cancel the sale effective immediately if we do not get a closing soon?
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17 May 2015 | 25 replies
They look good, feel good and demand a cool price.
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4 December 2017 | 11 replies
Rental rates are on the rise all over the golden horseshoe due to increased demand. A
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14 January 2009 | 0 replies
Of course, this is a ridiculous demand as (a) at no time before has Congress ever demanded proof to justify spending or tax cuts and (b) we are at an unprecedented moment where there are no comparative economic circumstances from which one could hypothecate proof.
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20 July 2017 | 88 replies
@Jeff Schneider I think there is more to it than supply/demand. As
5 September 2015 | 33 replies
For this certainty, I demand a discount to market value and I, almost always, receive it.
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26 August 2011 | 9 replies
Finding a fully performing property especially at the 50% suggestion with multifamily is a non starter.A trophy property the owners will demand a premium.The typical buyer is a doctor,lawyer,etc. who wants a newer property in turn key condition to us as a tax shelter.They don't really need the income all that much.What I see most investors going after including myself is value add deals.Where you have a burnt out landlord or a property with deferred maintenance or both.Some people have more money than sense and do not make good managers.The value add deal is where you can create equity and cash flow the quickest.Many investors love apartment foreclosures from banks.There is no emotion like from a regular seller but also there isn't usually as many ways to structure a deal.So each avenue has it's pluses and minuses.If you talk to banks they are hoping the market gets better.If you talk to buyers many say we are still in a recession and will not pay the banks prices based on over inflated appraisals.So what you have is a stand still in the bid-ask gap pricing.Some product is moving but not the kind of volume to turn the market around yet.If you want start out with one house and build from there.I agree with everyone on the fees.The contractors will suck you dry.You have to know what work you want to do and not to do.I tell contractors I want investor pricing and that I am very cheap and want a deal.If they are looking for a retail deal don't even waste my time.Between plumbing,electrical,pest control,lawn maintenance,and on and on your cash flow can go out the window real fast.On my apartment building I have a cheap handyman mow the grass and do minor repairs.Grass company wanted a one year contract and 210 a month!