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13 March 2024 | 6 replies
There are a few types of people who will buy your end of line flips….1) Those that will only buy truly safe … battle born… “equity the day I buy”.. opportunities And/or2) those that were trained to see real estate investing as a much more risky “ investment”… in other words “ a buy that “SHOULD” have value after appreciation”With Buyer group #1… if you provide truly investor grade deals that haven’t been stripped of most of the equity before you try to flip, you will build a following of investor grade buyers that WILL pay cash and CAN close “ as soon as the title search is done”… This will net smaller nets for you initially , but you will own a REAL Buyers list… that WILL have the experience… to REALLY CLOSE ASAP.And that will make your machine run MUCH more smoothly.Or2) you can initially max out your net on a few deals as you scape out most of the equity for yourself… but you will only be working with non experienced buyers.. who will buy ….one… realize that they are in WAY too deep… have no B plan.. and they will be FAR less likely to buy again… AND they may never even make it to your first closing .So.. your choice… cultivate a crop of GREAT slam dunk , low work load real buyer investors…. where all you need to do is find the property , mark it up a LITTLE ..and we do all of the rest of the work…Or sew a crop of weeds…I do spend a little bit of my time asking wholesalers to take me off of their lists.I would love to buy from you.I don’t want to spend my time doing the initial marketing.I am willing to pay for your valueBut I don’t buy properties that don’t have TWO exit strategies1) enough equity AT CLOSING so that, at the very least I could sell it TODAY without taking a loss…..AND2) after my expertise ….
13 March 2024 | 70 replies
It seems like some of these would be buffered by using a credible loan servicer.
13 March 2024 | 3 replies
But no 401K or IRA.I have $67K in non- mortgage debt that I am snowballing. $185K of mortgage debt on my primary.
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14 March 2024 | 13 replies
It is a very difficult area to operate in because of limited service providers, home quality, and the increase in supply, and big drop in demand.
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13 March 2024 | 7 replies
Was non-cooperative and delayed remediation due to not providing access (would not move items in house).
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14 March 2024 | 13 replies
So you're saying to pull the managing members for the LLC off of a service like Opencorp and then skiptrace the name of the member specifically?
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14 March 2024 | 20 replies
Borrowers have to pay their HOA I am not from Florida either but I believe most states allow the HOA to foreclose for non payment of dues most states give HOA's special foreclosure laws that are stronger than a simple lien in order to give the bank 1st priority otherwise an HOA is a document recorded prior to the first and would hold priority if they didn't sign it or legislate that position away.
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13 March 2024 | 2 replies
If you are not happy with the service we provide, we can end our relationship or lease a sign’what do you think, should we sign a lease ?
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14 March 2024 | 12 replies
Not every lender is certified to offer this type of service.
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14 March 2024 | 12 replies
New Orleans residents feel that AirBNB's have ruined the neighborhoods and character of living in New Orleans, making housing unaffordable for musicians and service industry workers and that the city has plenty of hotels for tourists to stay in.Adding units may be very easy or next to impossible depending on the zoning and neighborhood where the house is located.