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18 February 2014 | 7 replies
Also there will be certain requirements for residency on those and if you know going in you aren't going to fulfill that stuff you will be committing mortgage fraud.
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17 January 2014 | 6 replies
Maybe I can do a separate contract with the wholesaler that will trigger when the contract between the seller and the wholesaler is fulfilled?
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17 June 2013 | 9 replies
Keep in mind you choice of broker is not a lifelong commitment.
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13 June 2013 | 12 replies
REIA meetings, Courthouse steps, BP, public records, etc.Again, any contractual needs should be fulfilled by an attorney but there are a couple on the BP FilePlace (under resources tab)?????
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26 April 2014 | 39 replies
Minimize your lost rent by following suggestions in that other thread and find their replacement ASAP.You will get your satisfaction down the road when you get inquiries from future landlords where they seek to rent: you just have to be honest and report that they failed to fulfill the entire lease term, and that there were threatening remarks made to a property manager.Lastly, be more thorough in screening future tenant applicants; there usually is some previous behavior that you can discover when you have applicants such as this tenant.
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29 June 2013 | 16 replies
If the tenant can't fulfill the L/O agreement on the property where there is a contract, you cannot keep them in that property (by either re-newing the lease option or re-renting to them) - this will give them equitable interest (b/c there was a L/O contract).
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17 July 2013 | 5 replies
I like the idea of asking what they like most and least.With rent increases, one might just move out so you'll have an open unit that you can move into to fulfill your loan requirements.
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28 July 2013 | 2 replies
Once I fulfill my 12 mo owner-occupied requirement, that's where things get really interesting:Unit A rent - $1400Unit B rent - $1250Unit C rent - $1300Unit D rent - $120015% vacancy and maintenance reserve - $772.50PITI - $2935Net income - $1442 <----- SWEET!!
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24 May 2015 | 33 replies
Regarding the requirement to turn over control to your plan administrator when it comes to legally fulfilling ROBS requirements: "Please be advised that as long as your qualified retirement plan and related trust are in existence, certain plan administration actions need to be taken in order to keep your plan qualified."
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15 June 2012 | 13 replies
My goal would be to live in one of the units, most likely the one that could use some work, and then move/repeat in a year to fulfill the VA loan requirement.ThanksRick