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14 January 2014 | 12 replies
Over 30 years, the projections of say a 500% IRR due to only investing $50k up front will probably be reduced by an approximate 100% due to inflation.
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8 February 2014 | 37 replies
You can write anything you want into a lease, but even if an item is inside the unit, if there's evidence of a break-in and various things belonging to your tenant are stolen, and if the thief makes off with, say, a refrigerator belonging to you, I think you'd have a rough time enforcing a policy that puts responsibility for your property on the tenant.If it's on the property but out in the open, I can't imagine anyone assigning responsibility to the tenant.
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14 January 2019 | 127 replies
I'd say a tenant talking about this prior to moving in or being approved could be a red flag but it's not always a bad thing.
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23 March 2011 | 5 replies
Say a lender want's to get paid off in five years.
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16 November 2014 | 15 replies
Its worth looking into but I'm also a beginner so please don't take what I say as gold.
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9 November 2016 | 39 replies
If you are getting say a $200K discount offering him say $10K to leave makes sense if he will agree to it.
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6 August 2023 | 61 replies
Chris generally there are times when the real estate commission will say NO to many things.Does not mean they know the answer they just always say NO when they are not sure to CYA.If something did go to court the judge will look at the law.Just like a contract if something is found not to be clear or defined further it would be difficult to say a law was broken.There are many laws or statutes that constantly need revisions for new situations that arise that are not addressed clearly by how the law is written.There might be times that you USE an assignment in a certain way that me be illegal but the act of assigning itself isn't illegal.That would be my take on it but I am not an attorney.The problem is even if you had 2 to 3 attorneys read the same law they might not all come to the same conclusion.While we must follow the law people also can't walk on eggshells there whole life or nothing would ever get done.
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13 June 2014 | 8 replies
Not only that, but the late fees should more than offset the difference in 20 days in that you're out their rent income.I'd say, as long as they are in fact paying the rent - albeit late - and so long as this is their only problem, to just continue as is.
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1 February 2010 | 26 replies
If they ask something you don’t know, say “ You know I don’t know the answer to that.
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14 January 2013 | 11 replies
Tina,You don't need to meet the case worker in person.You just need a letter from the tenant stating you can talk to the case worker about their section 8 file.The operator has given me incorrect information multiple times so I don't take what they say as the gospel in what to do or not to do.You should also get the case workers e-mail address so you have a documented conversation on file.Case workers generally only hold in person meetings for their section 8 tenants a few times a month.I have never gone in to talk to a case worker only by e-mail and on the phone.