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26 January 2012 | 2 replies
If something happens to me my wife won't have access to the corp or its assets or bank account.
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30 January 2012 | 9 replies
Most people aren't going to open miniblinds during a walk-through, so I can keep them from seeing the ugly neighbor on the left side.If I didn't have the budget for drapes, I'd use miniblinds strategically to block bad views and let the rest of the windows be.
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31 January 2012 | 34 replies
And most of my lenders would prefer to lend shorter-term for my flips than longer-term for buy-and-hold (that said, anyone who wants to lend short- or long-term, feel free to let me know :).But, to answer your specific question above, if the person doing the work weren't experienced and/or didn't have access to cheap capital, a partnership could potentially generate much better returns than borrowing at high-interest rates.For example, assume that you purchase a property with little equity (you couldn't easily resell it for a profit) but that throws off about 25% per year in cash flow (cash-on-cash return).
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3 February 2012 | 25 replies
We will open registration for the bootcamps on Friday, February 3 at 10:00am EST, and the first 200 paid conference attendees to register for each bootcamp will be granted access.
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10 February 2012 | 14 replies
So i was talking to a lawyer about my business model and i asked about double/simultaneous closing for wholesaling banked owed property, he basically told me that its not possible, there is a 90 day seasoning and why would a savvy rehabber investor who has access to the mls go to you for these properties. so here is what i propose to investors that wholesale banked owned properties, First off how do i get around the 90 day seasoning, if there is any seasoning and most savvy investors has mls access so how would i make reo properties attractive to an investor with mls access, what properties on the mls should i target
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21 February 2012 | 5 replies
I use an MS Access database which allows me to use a form to quickly input information, select the type on contact and add them to the database.
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6 February 2012 | 7 replies
Once you show that you are for real (by closing on a deal,or by giving them offers that make sense along with POF - POF is the thing that helps your credibility), then you will be able to ask them to keep you informed of new listings (and you'll ask to gain access prior to them hitting MLS).You say you have already closed on REO before.
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12 February 2012 | 16 replies
I am always amazed at how much information you can obtain from court's public records, some courts let you access this information free or with small fees, other services like chexsafe charge $29.
3 February 2012 | 13 replies
I am currently pursing my Real Estate License for the state of Maine, but have run into some road blocks.
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20 February 2012 | 32 replies
So many BP members were talking to realtors about property, establishing relationships and talking to prospective lenders, reading real estate information, developing or studying social media access, and working with new investors/clients, etc.It is interesting that all of us are able to extend our options in all of these items just by attending the BP seminar next month, yet so few have decided to do that.