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16 April 2018 | 36 replies
No giving the buyer 3% closing assistance or fighting repair requests, financing falling through, or appraisal shortages.
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15 April 2018 | 6 replies
Now that he is in-school and has basic arithmetic skills, he periodically checks how much more he needs to make a down-payment on his first {rental} house {being a minor, he cannot borrow on his own and definitely is not eligible for a high-ratio, insured mortgage, so he will need a 20% down-payment and the bank of Mom & Dad if he still wants to purchase a house when he has the funds}.We also use routine activities such as grocery shopping or fuelling the car/truck to discuss budgeting and how much it costs to run a household - at an age appropriate level.
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13 April 2018 | 3 replies
You're borrowing the maximum that Lenders will allow.Your goal of course is to have none of your own money left in the deal at that point.Which is why, if you've paid about 80% of its value in the first place (instead of 70%), I mentioned that your margin is very tight!
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15 April 2018 | 4 replies
Happy to network and assist as needed.
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30 April 2018 | 10 replies
You will find the loan terms to be not as good because the lender instead of borrowing the money from the main banking system will instead have to self fund the loan internally and the money cost more to them.
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15 April 2018 | 9 replies
You will have to assist the seller to get what the attorney needs, and it looks very similar to an AH.
17 April 2018 | 15 replies
James Hammett An individual can buy them but I would advise against it as if the borrower were ever to sue you then you would be at risk not an LLC.
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17 November 2018 | 12 replies
And I can vouch for @Vincent Garman, he assisted me in purchasing a rental property.
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21 April 2018 | 13 replies
Thanks again for taking the time to put together BP, it is the best tool for real estate I have found so far.Hi Brynn, pleased to meet you.Decide which kind of investor you want to be (SFR, Commercial, Land, Tax Liens, Passive, HML, Multi-Family, Notes, Fix & Flip, Buy & Hold, “Subject To”, apartments, duplexes, assisted living, REOs, Foreclosures, Short Sales), etc.
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16 April 2018 | 10 replies
The use of a particular type of deed typically raises concerns for a buyer because of what a prior owner is guaranteeing or agreeing to assist with or not, but like Greg said, if you have a title insurer willing to insure yours it's because they've done their research.