13 September 2014 | 13 replies
It all comes down to how much you can buy the home for, how much do you have to spend to fix it up, and how much you can sell it for.What you need to learn in between all of that is how to get the best deal (usually at the court house steps), how to deal with the contractors you hire and keep the costs down (this is hard sometimes), and how quickly you can turn the property as time is money (especially if you are working with hard money lenders).The next local Orange County meetup of investors is:Time of Event: 09/17/2014 at 07:00PM Location: ROUND TABLE PIZZA, LAKE FOREST Fee to Attend: FreePlease make sure your parents know that you are attending.Good luck and never ask if a woman can succeed in this business or any other.
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19 September 2014 | 10 replies
As long as the money is still on the table, and you're still in the game, you haven't lost it...it's just in a different pile.The actual solutions as I see it, is just buy the house from her for what she owes...don't make it more complex than you need to make it.Joe VilleneuveREcapSystemA2REIC
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5 October 2014 | 19 replies
That's a unique idea about asking to borrow off of your agent's commission.
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21 September 2014 | 14 replies
I can also give potential clients a unique url for them to go to in order to see what I've done, what kind of person I am, that I have a following, etc.
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2 May 2018 | 28 replies
New tables, chairs, flooring, etc?
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12 January 2015 | 49 replies
I still feel like I am leaving too much on the table as an investor, especially considering the repairs needed.
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16 September 2014 | 9 replies
They have unique topics and not a ton of cross over so you will learn different things and meet different people at both, but both are high quality.
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9 September 2014 | 3 replies
Ultimately its the end buyer who's bring money to the table, so they would be paid from their money.
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27 October 2016 | 11 replies
First of all figure out what the market rent house and get the rent to be a lot less than the payment that you're giving himUsing just big numbers 500,000 sales price given 510 for the property market rent is 2000 give them 1000 for installment sale paymentLook up the imputed interest tables on the IRS websiteShould be able to go to Bankrate.com to figure out at that interest-rate at that payment at that bounce how many paymentsKnow that you got your offer and you're paying more than the appraised value but you're turning the property not into a rental for him but you're turning it into a private first mortgageTo answer your question about who drives them, I would go to a RMLO or a notebook broker, and use a title company for an installment sales contractOn installment sales contract I would just write "the vendee agrees to use property as a landlord and not a tenant and Dodd Frank Law (spell out the exact name of the Dodd Frank Law) does not apply to this transaction.
9 October 2014 | 13 replies
It is so easy to overpay, over improve, and leave thousands on the closing table when you resell.