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19 April 2015 | 25 replies
From a tax point of view, if this is not fair market rent, the IRS could disallow any rental losses on this property and/or increase your taxable income upon audit.If this is way below fair market rent, you'll need to report the rental income on it as though it were fair market.
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28 November 2015 | 5 replies
This can speed up obtaining a Paydex score (need 3 tradelines reporting to D&B).
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7 April 2015 | 8 replies
Some states have special laws that allow you to get it more than once in a 12 months span.Understand the reports and the score are two separate things.
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7 April 2015 | 0 replies
All you are required to do is watch a few videos, take some notes, and then write letters: to the various Original Credit Agencies (OCA), like bank credit cards; Credit Agencies (CA) you have gotten collection letters from; to the big three credit reporting agencies (CRA), Experian, Equifax and TransUnion, who report what they receive from the OCAs and the CAs, whether accurate or not.Mike Roberts, founder of Credit Solutions, has a great free program designed to help you rebuild your credit.
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7 April 2015 | 2 replies
I could get a personal loan for 25k but that would show up on my credit report right?
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7 April 2015 | 0 replies
Report: Short Sales, REO Experience Largest Increase in Three Years
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26 May 2015 | 20 replies
I train in wholesaling but also lease options and subject to and wraparound mortgages Virginia is pretty strict and having a real estate license really does help youI would start a marketing campaign toward houses with good school districts in medium priced housesI like expired listings because they want to sell I would knock on their door and give a free report and then follow upMost expired listings are overpriced because They don't have a lot of equityInstead of an assignment I use an option release because in many states assignments are frowned uponSo here are the steps-Contact the expired listing seller-Show the cost is sell by listing with an agent-Compare that with lease to own in getting your sales price without a sales commission down the roadYou can either act as a principal in the transaction by creating a lease and option with your LLC or sign a listing agreement and charge a fee to facilitate the lease to ownIf you're acting as a principal, you take your option and place a memorandum of option against the property at county recordsOnce you have the house under contract you market for tenant buyers in that area that have 3 to 5% downEither the tenant buyer or the seller or both will pay your option release feeP.m. me if I can help youBest wishesBrian
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8 April 2015 | 6 replies
But what shocks me is how experienced realtors will get these inspection reports and say, the buyer is ready to walk because of the long list of serious concerns.
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17 April 2015 | 11 replies
She's the best national reporter (I did say national, not your exact locale).That video portrays just how hard it is to get a mortgage right now, which allows sellers to consider terms offers like Lease 2 Own.