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6 February 2012 | 7 replies
It would be a good idea to inform the manager beforehand so that they can help you with moving any parked cars for access and also so they can confirm the lot is clean etc.
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4 February 2012 | 3 replies
total estimated interest = $4.7k2) LOC refi- $2.6k in closing costs, plus $2.9k interest over the 24 month life of the LOC equals total cost of borrowing = $5.5kSo basically for the LOC i'm paying $800 in additional costs over the two year period to gain access to the remainder of the LOC ($92k) at 5.75% interest to be used to jump on cash deals, etc. if needed.
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7 February 2012 | 37 replies
Man, you don't realize how much you miss a website until you can't access it!
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12 February 2012 | 1 reply
Anyone have a good example of the Deed of Reconveyance and what needs to go in the blocks?
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16 February 2012 | 11 replies
If through a listing broker it will depend on what the listing broker entered on the MLS and MLS rules.In Georgia for instance on FMLS if as a broker you screw up and enter commission wrong,mistake things etc. you can be on the hook for the commission or lose access to the MLS.MLS's are sometimes controlled by REALTOR associations and other times are private entities that are non-profits or for-profit organizations.Also the brokers/agents involved it would matter if they were REALTORS or not.Generally your state's real estate commission does not handle commission disputes.They only care about license laws.The agent can argue procuring cause with the other agent but it should not stop your sale.Simply you would close and get your proceeds and the commission in question would be froze until a solution was given and signed in writing or a court order.There are so many variables to this and it is state specific.Procuring cause is a chain of events leading up to a sale of a property.If the chain is broken generally the broker/agents is not due a commission.The moral of the whole story is the buyers agent needs to learn how to protect themselves in the future.I am not going to court to get my agents commission when I only charge them a 300 flat fee as a broker.No legal advice
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17 October 2012 | 55 replies
I think just buying a few properties will not do it.You really have to go in there and buy up blocks to clean up.Then you are making an impact that can start effecting change.If you have just a few houses renovated on a street it will be very hard to convince only but the bravest of tenants to go buy a war zone to get to where they will live and sleep at night.I see this affect with apartments in nicer areas much less war zones.I would get with the owners of the other buildings and try to form a coalition to turn things around.
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13 February 2012 | 6 replies
How many units occupied and vacant and what type of general cash is flowing through your block of units.
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1 April 2012 | 28 replies
Here arena few highlights that you should check:- Accessibility- once you get over a certain number of units a % of the units must be accessible- fireproofing in between units- includes walls, ceilings and floors- sprinkler system- if second floor- need two enclosed staircases- parking as someone mentionedBottom line for me was my estimate of converting an easy 2additional units was $30k.
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19 June 2012 | 23 replies
So guess there is just a safety factor for me because I know what the tenant will be like since I have rented in these areas myself.Some of the worst nightmare stories I've heard form long term investors I know (that favor SFR's now) are from 4-plex's they owned in bad parts of San Bernardino CA on blocks with mostly apartments.
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19 February 2012 | 6 replies
Perhaps find a real estate agent that will give you access to their standard state form contract.