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28 October 2016 | 3 replies
In this case title transfers on close.2) Both wraps and land contracts or contracts for deeds a both allowed.
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3 March 2017 | 10 replies
If you place title to your property into a land trust, you have not violated the "due on sale" (so long as there is no change in occupancy)."
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15 September 2016 | 7 replies
Now there is something called due on sale clause and this can be exercised if title is changed out of your name.
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16 September 2016 | 14 replies
Is it within the rules to do private lending for a property that my father in-law holds the title for?
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19 September 2016 | 32 replies
Then add ALL costs related to holding the property (utility costs, insurance premiums, property taxes, loan payments, etc.).Concessions: Concessions are what you give back to the buyer at closing.
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22 November 2016 | 10 replies
We work with insurance companies and help homeowners with damage to their properties by educating them about (and advocating their position all the way through) the claims process and allowing them to understand their options when their homes are damaged by storms or some other cause.
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14 September 2016 | 5 replies
Hello @Shaun PalmerI just use standard MLS Purchase and Sale Agrements (PSAs) that title co's are used to.A standard addendum called (here) a Method of Payment Addendum is pre-printed and just needs you to put in the amount down, term and rate.
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15 September 2016 | 2 replies
Hi Everyone, for vacant buildings in California (warehouses, retail, office) The best rate i found a months ago was USLI, any other companies that do this type of insurance?
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14 September 2016 | 0 replies
Data Points:101 Latham Place, CharlottePurchase price - $116,000Buy Side Closing Costs - $5000Total Rehab Cost Budget - $100,000Total Financed Amount (purchase + construction costs) - $190,000Estimated time to Rehab: 5 Months (based on conversations with multiple GC's and Architect)HML Cost to Borrow Interest - 10,000 (12% rate on 190,000 borrowed across 5 months)HML Cost to Borrow Points - $7,000 (3.5% on 190,000)ARV - $310,000Exit Closing Costs - $3,500Staging Company to Sell - $3,000Holding Costs (utilities, taxes, insurance) - 2,750The Total Rehab Costs is based on what I believe to be a reputable GC who has experience flipping in this neighborhood.
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17 September 2016 | 3 replies
Mahto Construction Tubro Constructionboth licensed and insured - pm me if you need their #