
6 January 2020 | 8 replies
@Trevor Bragg when we are talking about buying a PRIMARY home then some very specific federal compliance laws come into place which limit what you can do comparatively to an investment property.

5 February 2020 | 13 replies
As with most things it takes some time to get all of the information that's out there and put it all together to get the "big picture" but I assure you the more you look the more information you will find!
7 January 2020 | 4 replies
These are just industry slang terms that have been invented by real estate investors.Some states have defined certain wholesaling activities as brokering and are requiring licesnes so you need to check the laws in your state to make sure you are in compliance and do things the right way.I would not recommend flipping, or using hard money if you’re just starting out especially if you have limited funds.

17 February 2020 | 4 replies
Finally I literally had to show them the county plat map and give them the legal description because they could not understand it.When I purchased the property, I explained the unique situation with the addresses to my insurance agent and he assured me that everything was good.

4 November 2019 | 0 replies
List the property on the market, and disclose that mold was found in both the unit and in basement but the unit has been remediated, with proof of lab testing results + mention that the basement remediation is in progress and HOA is aware of it.The goal is to assure the buyer that the unit has been "treated", as there is no reason for buyers to go into the basement.Option #2:File a claim against the HOA's master insurance policy for negligence and lack of maintenance to the common areas (basement) and go through this process until it is hopefully resolved.

20 November 2019 | 33 replies
It became a pain in the *** to stay in compliance.

12 November 2019 | 7 replies
These might still have Fannie-like interest rates, and might involve bundling such as "sure, we'll do that... if you move that $200,000 from your retirement account over to a retirement account managed by us.""

13 November 2019 | 5 replies
You may wish to confirm that the new 401k provider will handle the ongoing compliance support such as any required 5500 filing (e.g. 5500-ez for a one-participant plan with assets in excess of $250,000), any required tax reporting (e.g. 1099-r in the event of a distribution or in-plan Roth conversion), mandatory plan updates and amendments, etc.4.

13 November 2019 | 4 replies
This will elevate your stature as a professional and open up a lot more opportunities for you to monetize deals you can’t buy or wholesale.You should talk to a real estate attorney that works with investors in your area to ensure you are in compliance with any laws.

22 November 2019 | 12 replies
They should have made sure there was clear title, and usually the seller pays for title insurance not the buyer (at least in my area) The title company assures there is clear title to the best of their knowledge and then provide an insurance policy that they will pay out if they were incorrect.