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5 July 2024 | 2 replies
I am now approaching 115+ days since assignment on my first 3 deals and because I am in NYS, my attorney tells me that I cannot even speak to buyer’s or seller’s attorneys due to “breach of contract”.I lost my first deal in fact because we were hindering on 130 days since assignment (should have been long closed) and the city decided to demo before we closed and were able to takeover in court.
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5 July 2024 | 8 replies
You have a governmental authority using its power to hinder and regulate private transactions creating some kind of “litmus” test based on god knows whatYou have a seller remaining in a home he sold indefinitely.You have a lender that has twice filed for foreclosure You have a profit sharing arrangement upon resale with the seller/tenantYou’re performing repairs/maintenance on a house while occupied by the seller/tenantAny or all these are lawsuit magnets.If you buy a property, and the seller is a consumer, not an investor, you should NEVER do a profit participation.
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26 June 2024 | 0 replies
For example, agency lenders may have specific restrictions based on market preferences and require a minimum debt service coverage ratio (DSCR).Understanding these market-specific nuances is crucial to ensure your deal aligns with the lender's criteria.I've encountered solid deals that were hindered by financing constraints.
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24 June 2024 | 1 reply
I am now approaching 115+ days since assignment on my first 3 deals and because I am in NYS, my attorney tells me that I cannot even speak to buyer’s or seller’s attorneys due to “breach of contract”.I lost my first deal in fact because we were hindering on 130 days since assignment (should have been long closed) and the city decided to demo before we closed and were able to takeover in court.
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26 June 2024 | 45 replies
As for the DSCR lender, if the numbers moved a bit on you, my guess is either the appraisal came in a bit lower which hindered either a DSCR minimum or a minimum loan amount?
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22 June 2024 | 0 replies
I am now approaching 115+ days since assignment on my first 3 deals and because I am in NYS, my attorney tells me that I cannot even speak to buyer’s or seller’s attorneys due to “breach of contract”.I lost my first deal in fact because we were hindering on 130 days since assignment (should have been long closed) and the city decided to demo before we closed and were able to takeover in court.
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23 June 2024 | 105 replies
In any case, the result is that the practical authority of the court is used to take assets with a questionable (or no) legal authority.The solution is to remove or vastly hinder a judge’s practical authority over your assets, so that he cannot usurp the legal process and if forced to rely on legal authority.
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10 June 2024 | 3 replies
But if I were to try and find another place of employment that pays me more, would that hinder me when it comes to qualifying?
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5 June 2024 | 13 replies
That will hinder bookings.
4 June 2024 | 2 replies
It might hinder your ability to purchase more homes down the road.