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26 January 2015 | 6 replies
All which places you in the best position to extract a portion of the revenue.
29 January 2015 | 4 replies
for example:Property Value: $100kSeller Mortgage: $100Kyou obtain the property on a subject2, you then turn around and sell with a wrap with the following:Sale Price: $110K (premium due to owner financing)Down Payment: $20KYou then carry a note for $90K that the buyer must pay offYou then apply $10k of the down payment to the wrapped lender, bringing the wrapped mortgage balance down to $90K, the same amount as the note you are carrying.In addtion to all that, the terms on the new note are created to give you a spread between the wrapped PITI & the buyers PITI (assuming that taxes & insurance are escrowed in).So, after the closing you have created (and extracted) $10K (minus any closing costs) in equity from the deal, and you also are now receiving monthly cash flow via your note and you have no property upkeep.DISCLAIMER: I have never done one of these, this is all academic.
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10 January 2014 | 9 replies
I have done short sales but this is the first time looking at an approved short sale, the listing agent says the offer price cannot be less than X.So in the case where the bank has already approved the price, does the offer price ABOVE THE MINIMUM still meaningful?
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11 December 2014 | 16 replies
Even if you put them in LLCs, even if LLCs offered the rock solid protection the gurus claim, you would still be exposed if you manage them in any meaningful way.
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13 July 2013 | 10 replies
Only the advice you get from licensed professionals who know your specific needs and circumstances will be meaningful to you.
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5 June 2015 | 52 replies
So they don't really compete with each other, but rather work in a format of trying to extract every possible cent from the collective email lists of everyone in this sordid little fraternity.
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24 July 2014 | 21 replies
You say you want the deal and are somewhat attached to it, but you don't give any meaningful value info.
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8 April 2014 | 11 replies
The typical scenario is they will pay the costs to file the motions to collect with bank levy or wage garnishment etc. and then start to try and extract money.
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30 July 2013 | 34 replies
$/sq.ft. is not a meaningful metric.
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25 July 2013 | 5 replies
Or that a $/sq.ft. is a meaningful metric for a lot?