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16 April 2015 | 91 replies
SFR #1 - semi-house-hacking: kept our old house as a rental when we moved into a larger oneSFR #3 - hard-money: broker arranged both the hard money for purchase and the refi into long term financing (2 months after purchase)SFR #4 - Cash: scraped together from savings, 401K loan, and cash-out refi on first rental house; then used Delayed Financing Exception (DFE) on Cash-out Refi to get all my purchase cash back in 4 monthsSFR #5 - Cash: used cash from refi on #4 above to purchase the next one, then did another DFE and got that cash back in about monthsSFR #6 - Cash: used funds borrowed from family members to purchase, then did another DFE in less than 3 monthsSFR #7 - Private money: turnkey provider had several sources of private funds for purchase/rehab money at 75% LTV based on ARV.
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1 March 2016 | 22 replies
I thought about offing a mortgage back on the property, or full seller financing, but I've never arranged a deal this way... $5k down, $400/mo for 10 years, and another $5k at the end, was my initial idea.
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17 March 2016 | 8 replies
We discussed staging the condo and during the past 3 weeks we've had a few emails from him with some quotes on stagers, but otherwise no activity.
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6 May 2013 | 12 replies
I have written about successfully getting lenders to allow instalment sales, besides that if push comes to shove, refinance it, get a real buyer to sell the property in a partnership or wholesale the entire arrangement, get the buyer to partner and buy....lots of solutions to play heads up ball instead of using convoluted agreements trying to get out of the responsibilities related to these deals.
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13 June 2013 | 24 replies
It seems knowing who your tenant pool is important, and accomodating them the best you can will make out a happier arrangement for the community.
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4 June 2013 | 10 replies
If you get too screwy on either side in your favor you'll likely cross a line that can bite you sometime.Do you want suggestions, advice have a question, or is this a conversation or perhaps you are advocating such arrangements.....just asking :)
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23 January 2016 | 3 replies
The IRS publishes different AFRs reflecting the different types of arrangements that create the imputed interest.Installment SalesAn installment sale is one in which customer payments extend into future years.
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26 January 2016 | 1 reply
@Robert Del ToroMy first thought is not to use that image on your prospectus.On a more serious note, to find private investors you'll either have to have one in your circle of friends/family/acquaintances, or you'll have to talk to other real estate investors (by actually being helpful, interested, and their friend) and then see if you can find the people who help them finance their deals.I'm not even connected, and I can tell you, it's super irritating to meet someone and have them asking me if a know/have a private investor like, 5 minutes later.Build the relationships, put in the hustle, the money will come once you set the stage.
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7 February 2016 | 5 replies
I was wondering if I am in the preliminary stages of accepting an offer and having the seller write up a contract, do I need to have a title company chosen soon?
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5 February 2016 | 10 replies
I am looking for fellow investors in my area who have gotten past the early stage of investing and would be willing to give a new investor some tips for this area of the market.