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7 September 2018 | 6 replies
@Manesh Hardeo When you say that the deal "closed," do you mean that the title company recorded the new Warranty Deed from the seller to the buyer with a new Deed of Trust?
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11 September 2018 | 6 replies
Identify who the cash buyers are and understand their criteria of what they look for, learn how to run numbers on a property as if you were a flipper yourself because that is the skill expected of you by cash buyers to save them time and that is the value you bring to others.
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6 September 2018 | 3 replies
The example they give usually is that somebody has no equity and is in foreclosure so they Quit claim a deed to you, Then you contact the IRS to have the lien removed or released as long as you can show there is no substantial equity.My question is this : Will the IRS work with you as a buyer of a property that has an IRS lien on it if you have NOT been given a deed to it and don't own it yet?
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21 September 2018 | 22 replies
You will survive. good underwriter looking at your tax returns will see you own the debt and the asset.. probably gets bounced.. this is what HML did pre 08 all of our loans went to buy and hold folks and we did rate and term refi.. but we were a true third party lender .. its was a great gig while it lasted my average turn on my loans was 92 days.. and the buyers not only had no money in the deal they got refi proceeds usually 5 to 8k a house and they would do 4 and a time.. now they were suppose to take the refi proceeds and put them in their reserve account.. but alas the reserve account ended up having Jets skis in them instead maybe a new car.. or that trip they wanted to take.. etc etc.. anything but where it was suppose to go..
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10 September 2018 | 20 replies
That being said, i was pleasantly surprised at how easy you went on this post =p.
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13 December 2019 | 7 replies
Pleasant area of Cleveland.
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8 September 2018 | 10 replies
Auctions are for experience cash buyers.
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9 September 2018 | 7 replies
are you referring to a motivate seller that would be interested in entering into a lease option with a tenant buyer?
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6 September 2018 | 4 replies
The buyers were cash though and we had a good idea of interior condition from looking thru the windows.
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7 September 2018 | 1 reply
This gives out of state/remote buyers a much better idea on what they're looking at and eliminates the need to set up pointless walk-throughs with folks who aren't serious.