7 July 2014 | 1 reply
I spoke to a few RE agents and asked if they had sellers willing to go with "subject to" but all brushed it off as if it doesn't exist.
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22 January 2017 | 10 replies
I drive everyday down woodward to the heart of the city at campus martius, through North Detroit, Highland Park, midtown, brush Park, and finally downtown.
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10 February 2017 | 14 replies
I'm not saying your agent is on the right track because he/she may be giving you the brush off but it's also possible they are expecting you to run the numbers on the deals to make sure they work for YOU.
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6 December 2016 | 4 replies
There are a number of ways to have it YOUR way when investing - Ask the seller to loan it to youDo an installment down payment agreementGive the seller a note - pay him a percentage of the rent you will be collectingGive the seller a post dated check - post dated for 2 yearsOffer a blanket mortgage on another property you ownAsk seller to repair something (we call it the"Front Porch clause) instead of him doing it, he gives a check in that amount ($50,000) that it will take to do the repair - you endorse the check and give it back to him as the down-payment.Borrow SOFT MONEY on another property you ownBring a limited partner in on the deal - they borrow money on their property - you pay them back over time with a nice interest and don't forget a buy out clauseAsk your girl friend, your Mother or drinking buddies - offer a free apartment for a limited amount of timeAsk the owner to finance 100% of the deal - keep him in as a limited partner Offer 20% more for the building if the seller will take back a principal only mortgage (that is without interest) offer a balloon payment and split notes.Ask the seller to let you manage the building for a year - collect the rents and make improvements from the rents receivedOwner financing with split notes (details on this to come)Proposal to the owners daughter - make friends with the seller's wife - let him know you really want this property - beg for help - tell him you are a nice person - just getting started Offer a Hybrid offer - offer less - improve the building and give seller 20% of the profitsTry a Delayed Settlement with right of possession and subject to the mortgage - you make payments until settlement 1-2 years later.
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23 November 2015 | 15 replies
I always tread very softly and try to remain on their good side while their in control of my investment.
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6 May 2019 | 10 replies
You need to either brush up on the legal way to evict a squatter or to contact a local attorney who handles evictions.
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12 June 2017 | 4 replies
At some point the government will default and it is either going to be foreign investors or 'better' yet on social security,Medicaid and Medicare; and other soft targets.
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23 February 2016 | 8 replies
But I don't want a tenant to feel in any way that I am "soft" or that I have money to burn.
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29 May 2016 | 1 reply
Hire an attorney to write a demand letter about breach of contract, send via certified mail with a soft threat of litigation.
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15 April 2015 | 2 replies
There are too many soft costs to make those economical.