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30 March 2019 | 8 replies
There are already statutes and regulations regarding fraud and deception in real estate transactions.Educating people who want to be educated is fine, but if a governing body restricts the pool of ready and willing buyers, more properties will go to foreclosure and sit on the market longer.Real estate investors perform a vital function in every jurisdiction: putting properties back on the market, in good condition.Many of the properties they buy could never pass conventional lender's inspection because they typically require tens of thousands of dollars in repairs that most homeowners do not have or cannot do themselves.Additionally, many real estate investors near metropolitan centers can access almost an unlimited pool of funding to buy and remodel properties if the numbers work.From contract to close, the time can be in as little as 3-4 business days.The delay is mostly waiting on title companies.So when flippers mail letters and post cards to owners saying they can "close quick" and "all cash", that is a fact, not fraud.Of course, realtors will recommend you list your property – that's how they make money – so they are self-interested, which makes the report biased.Maybe next time you can have a "flipper" on you show for balanced reporting.The idea of anyone feeling "pressured" by getting a post card or flyer is ludicrous.If the homeowner doesn't want to sell, the solution is to throw them away.But the idea of "there ought to be a law" is equally ludicrous.If there are bad actors committing fraud, the answer is to enforce the laws already on the books.Out of all the properties posted for sale every 1st Tuesday of the month at the trustee's sale, a very large percentage never make it because they are bought by the very flippers you disparaged.If not for the real estate investing community, cities around the country would look much, much worse.My biggest complaint with your report is that you completely failed to get the rest of the story.Your editor needs address this."
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3 May 2018 | 14 replies
I would not use it as a reason to check the whole house, but you can probably see everything you need to see with a brief scan of the place while getting the dogs leash or making sure it has water.
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2 May 2018 | 1 reply
The IRC has no restrictions in a sense but there are other code bodies that do.
14 May 2018 | 8 replies
You don't really have a deal unless the owner has some equity in the property, start there, (use list source, rebogateway, your local title company to find lists, or scan the tax assessor website and do it yourself).
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21 May 2018 | 12 replies
So what we had to do is to ask sellers fix the whole/crack first; upon that we could run another scanning to see any further issues.
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5 September 2019 | 2 replies
Is any body using CSE insurance Group?
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4 May 2018 | 4 replies
As a best practice, it is good to quickly scan craigslist when you post your rental to stop the scammers.
9 May 2018 | 31 replies
Some want to form an HOA, because the neighborhood is an older community, where there are still lots of original owners, but they are older and I know they are not all able-bodied as they're aging.
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10 May 2018 | 1 reply
There are quite many Accounting apps to choose from.For me, online database (keep track of expenses from anywhere with phone/laptop/assistants) and receipt scanning through phone are the 2 most important features.
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8 May 2018 | 1 reply
Whenever I have an AirBnB related expense, I take a photo of the receipt and put the amount, store, etc. in the subject line/body of the email and send it to that email address.