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Results (10,000+)
Thomas Handy It's Feb 2012, what did you accomplish in the first month
20 February 2012 | 32 replies
We:1) Sold one rehab property2) Repaid two private loans3) Got back on schedule with a rehab projectDuring February our goals are to:1) Sell one rehab property2) Get two purchases under contract Great thread idea!
Ethan S. 10% EMD with Fannie Properties? workarounds...
3 February 2012 | 8 replies
I use private lenders, and have had luck with having it considered cash, but I submit my lender's bank statement with a letter from them stating that I can use the money with no appraisal contingency and that it can be wired with 72 hours notice.
Johnson H. Buy & Hold Exit Strategy
15 May 2012 | 15 replies
I continue to save, look for further deals and even jumped into having private lenders to fund future deals.However, I am having trouble determining my exit strategy and a situation popped up into my head.
James Harper Examples of Deed of Reconveyance
12 February 2012 | 1 reply
I have a loan where a private party financed a deal, but they dont know how to file a Deed of Reconveyance.
Jesse Poll New investor in Las Vegas
15 August 2012 | 12 replies
I sent you a private message here on BP.
Kenneth LaVoie GREAT Cash flow property that I dont' want to own!
16 April 2012 | 29 replies
With $16,500 in gross anual rents, your 2% rule value would be $68k which should yield you a nice flip profit.Looks like there are some things to consider here.As to the cash out refi - how about a private investor looking for better returns than 1% in their CD account?
Danny Day REO / Foreclosure Supply Down?
14 February 2012 | 24 replies
Look for the major Private Equity/REIT players to announce BIG Residential REO take downs over the next few months.
Ed O. SDIRA - set up questions
10 February 2012 | 7 replies
I'll be seeing a few potential private money lenders in the next few days and will be discussing the prospects of using a SDIRA to create a mutually beneficial arrangement.
Charles Shils Buyer agent commission
16 February 2012 | 11 replies
If through a listing broker it will depend on what the listing broker entered on the MLS and MLS rules.In Georgia for instance on FMLS if as a broker you screw up and enter commission wrong,mistake things etc. you can be on the hook for the commission or lose access to the MLS.MLS's are sometimes controlled by REALTOR associations and other times are private entities that are non-profits or for-profit organizations.Also the brokers/agents involved it would matter if they were REALTORS or not.Generally your state's real estate commission does not handle commission disputes.They only care about license laws.The agent can argue procuring cause with the other agent but it should not stop your sale.Simply you would close and get your proceeds and the commission in question would be froze until a solution was given and signed in writing or a court order.There are so many variables to this and it is state specific.Procuring cause is a chain of events leading up to a sale of a property.If the chain is broken generally the broker/agents is not due a commission.The moral of the whole story is the buyers agent needs to learn how to protect themselves in the future.I am not going to court to get my agents commission when I only charge them a 300 flat fee as a broker.No legal advice
Isaac Isaacson Possible Refi for a Rental without Employment Verification?
14 February 2012 | 3 replies
You may have more luck with local lending institutions, so definitely look into that option.A few other options for you:1. private loans - see if you can find a passive investor who would like an equity stake in the property.