5 February 2018 | 19 replies
Simply arresting them won't return the money.http://www.biggerpockets.com/forums/92/topics/22247-fraud-warning-http://www.fbi.gov/newyork/press-releases/2014/board-member-sentenced-to-10-years-imprisonment-for-his-role-in-10-million-advance-fee-and-gold-mine-investment-schemes
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31 August 2015 | 14 replies
I would have to say that you would be very hard pressed to find a decent rental in a class b-c type neighborhood in Downtown Orlando and get 2%.
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7 May 2016 | 40 replies
They read the press clippings, and have never been there.
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7 October 2017 | 30 replies
If location and condition are properly factored into the price, there's no reason your property shouldn't sell at about the same rate of others.If it's significantly slower (more than 10%), press your agent for new comps and a more thorough analysis.
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4 August 2017 | 2 replies
Either that, or that really are just regurgitating someone else’s stuff.Let your income lead your expenses, not the other way around – I have to confess, I heard this from a free real estate course, not personal advice.However, I have found this to be very valuable.It’s amazing how quickly you can spend a lot of money and/or get into debt because we think “we have to spend money to make money”.We get in a hurry (remember #1) and think we’ll make all the money back in just a short time period.The gurus are great at convincing us that their course will pay for itself and we believe every bit of it.Instead of going into debt for education, pay with cash and from your previous income, not your future possible income.Remember, “results are not typical”.Don’t worry about incorporating in some other state – This actually came from an attorney friend who said if I felt I needed a Corporation or LLC to use Nolo Press and to do it myself.Contrary to what most of the gurus say, you can look up the parties in Corporation and LLC in Nevada and other states.In addition, most states will require you to register with them if you do any kind of business in their state.So, if you’re going to form an entity, just do it in the state you are going to do business in.Don’t form an entity until you have done several deals – This seems to be one of the first things newbies want to do – and I was one of them.What the guru’s don’t tell you is that you’ll probably have to pay someone to do your taxes for your entity which will add extra costs.They also fail to tell you how difficult it is to work with banks as an entity until you have several years of tax records to prove you’re successful at the business.If you haven’t done any equity or assets, use liability insurance and a personal umbrella policy.It will be much more effective and cheaper in the short run.After you have done several deals and have assets you want to protect, then you can form your entity.
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11 November 2018 | 31 replies
Glad you've grown from that and pressed on with some new investments.What steps did you initially take to build a newer and more trustworthy team?
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6 December 2016 | 29 replies
If you really are pressed for time reach out to other wholesalers in your local market and tell them that you have a deal you can't move and you will split the deal with them 50-50 if they can move it.
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29 June 2017 | 6 replies
There is typically a planning committee involved.If your house looks like a single family property and is in the middle of a residential block - they may be hard pressed to grant your exception.
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1 February 2018 | 3 replies
@Carolina Selva I can tell you that you aren't going to find a rentable duplex in a B neighborhood between $25K and $70K.....you'd be hard pressed to find one in most C areas.
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4 February 2018 | 8 replies
Once you have an LOI signed call the attorney and when you have signed contract press go.