29 February 2020 | 14 replies
Moral of the story, don't miss the payments, it isn't good form. ;-) Make sure you have Plenty of available capital.Regarding payments, The best solution is to have the payments go through a "servicer" usually set up with a title company.
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3 May 2017 | 12 replies
Funds used in those purchases will eventually run dry, completion and supply will exceed consumption and the market will correct.
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24 January 2024 | 287 replies
The moral of the story is not to sit and put your head in the sand.
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4 September 2017 | 11 replies
Hi Austin, Sub2 = you get the deed, you pay PITI, give your word, the promise to pay is not legally binding, it is a moral promise, loan can be called if payment is not paid or mortgage co finds out title has been changed, you own it and can resell it for cash or rent it out or lease to own.Wrap = you get ownership but not a Warranty Deed, It is called a AITD or all inclusive trust deed or mortgage, you pay PITI, directly to seller or note servicing co, loan can be called if payment is not paid or mortgage co finds out title has been changed, you own it and can resell it for cash or rent it out or lease to own.I always do not plan to own a sub2 or wrap long.5 year Private Lender Mortgages for long term hold and rents.There have been promoters of sub2 and exit on a wrap, or wrap and wrap again (double wrap) , I would NEVER do that.You need a GREAT attorney.
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27 August 2020 | 57 replies
I seriously doubt your morality police are any worse that the regime I operate under.
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11 December 2016 | 74 replies
I would suspect a fair few of you would not mind having a turn key property on your hands with plenty of upside value add still available in it on day one.I do agree with the comments about how the moral aspect of the renters is questionable at best, for now, I am thinking about the best mutually beneficial arrangements for both parties.BTW: One other detail... my cash invested will be covered in 5 years if the current renters stay and I don't raise the rent.
7 May 2016 | 10 replies
Moral of the story: do your own inspections.
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28 May 2016 | 39 replies
Do your own due diligence, is the moral to this story.
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11 May 2016 | 25 replies
Also, it would be difficult for me morally to start an enviction process during that time.