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7 January 2016 | 18 replies
That you will be unable to make your payments and they will have the cost of repossessing the unit, having a non-performing asset become a liability, and have all the costs associated with retrieving and divesting of the unit.
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1 January 2016 | 6 replies
Build a network of prequalified buyers / investors, ( yes, that means credit scores, financials and verified funds to close) so you can place the opportunity with multiple buyers who can perform.
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17 December 2015 | 28 replies
I have started factoring in the expansion of my emergency fund to my performance metric calculations (e.g. cash-on-cash).
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22 December 2015 | 1 reply
An agent signs a listing agreement with the owner of a property, not a third party who has an interest in a property.
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15 December 2015 | 6 replies
@Rob Nichols, here is my suggestion for your counter-proposal:You get 65% of the rents and three fifths of the property value, because YOUR sources are providing two thirds of the funding required!
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16 December 2015 | 12 replies
@Trevor Ewen I'm sure it's just me but as a buy&hold investor, I'm focused on the performance numbers of the property and not concerned at all regarding tenants.
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16 December 2015 | 2 replies
To overcome this obstacle, you may want to look for a non performing building with a motivated seller.
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18 December 2015 | 11 replies
I am working on my third construction loan with the same bank, and they are getting to know me.
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16 January 2016 | 9 replies
(c) The licensing requirements of this Article do not apply to: (1) any person who is employed as a code enforcement official by the State of Illinois or any unit of local government, while acting within the scope of that government employment; (2) any person licensed by the State of Illinois while acting within the scope of his or her license; or (3) any person engaged by the owner or lessor of residential real property for the purpose of preparing a bid or estimate as to the work necessary or the costs associated with performing home construction, home remodeling, or home repair work on the residential real property, provided such person does not hold himself or herself out, or advertise himself or herself, as being engaged in business as a home inspector.
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18 December 2015 | 4 replies
I am now about to have to walk away from my third deal.