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18 January 2020 | 12 replies
You will get to put your money to work in a deal and probably get a fair return. 2. you will get to see the process and learn about how it is done. 3. you can tell a commercial lender that you have experience as a LP in a Multi Family acquisition when you are ready to strike out on your own.
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28 January 2020 | 37 replies
Even if you're not positive you'd win in court, it's going to tie up the property and the earnest money, which should be enough to strike a new deal with the seller that avoids that...
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12 February 2020 | 95 replies
I have been striking up convos with co-workers, family, aquaintences, etc...
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23 January 2020 | 37 replies
I need to do my due diligence strike up a conversation maybe meet at the property (this is where I feel a real estate license may help me) by assessing the property and really understanding the costs of possible rehab if any.
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28 January 2020 | 12 replies
Investing in a state with low property taxes strikes me as one less hurdle I have to clear in order to close my first deal.In addition, I look at how landlord-friendly the tenant laws are (since I'm planning to BRRRR), and I get this info from a Google search.I look at how much the city's population is growing over the past 20 years, what percentage of the population are renters vs. owners, what the crime rate is compared to the state average, and unemployment trends over the last 20 years (both in absolute terms and relative to the state average).
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30 January 2020 | 10 replies
We see these often in foreclosure where we ask the court in a declaratory judgment action to hold that the leases aren't valid and to strike the agreement between the parties because it's not good faith and fair dealing.There's likely precedent to that effect in your state, but it's so much harder to cure a bad lease than to not buy the property with a bad lease on it.
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7 February 2020 | 14 replies
That is actionable for me and I can decide whether to drive and see the property or strike it off the list.
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25 February 2020 | 3 replies
Local governments could only regulate the rentals in the same way as other properties in neighborhoods, a restriction that cities and counties oppose.The House Commerce Committee on Thursday approved the proposal (HB 1011), with Democrats objecting that decisions about vacation rentals – which have sparked backlash from some homeowners who complain about raucous parties, parking issues and a steady stream of strangers in neighborhoods – are best left up to local officials.Despite the objections of local government officials, House and Senate leaders brought together a host of affected parties, including Realtors®, hotel operators and advertising platforms, to strike a deal that has eluded the Legislature for years.
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12 March 2020 | 7 replies
I was actually thinking that if I sold the house I would pay down the principal on my primary and get that within striking distance (a few years) of paying it off.
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22 May 2020 | 6 replies
@L SmithersDisclaimer: Consult an attorney in your area for specifics related to the wording and local laws and customs.Risk of loss: If lightening strikes the house, the buyer has the option of taking the insurance money and proceeding with the sale.Prohibition: The seller from date of contract until closing can't make an easement with the neighbor, sell it to someone else, give up the gold and mineral rights etc.