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25 November 2024 | 2 replies
We are currently looking at a HUD home in Georgia - I have a couple of questions and can’t seem to find a definitive answer - The home is currently in the OO listing period - our plan would be to buy the home doing extensive renovations (the home is in a “Historical” area so renovations have to be approved) once completed we plan on living there full time - it could take ip to a year to complete or longer I don’t know - as I see it the OO designation is to be the OO for a min of 12 months - is this after the home has been renovated or after you close on the home - though the house could probably technically be lived in now it does have some water and roof damage and needs complete redo of electrical and plumbing - for me to deem it safe - so not really livable by normal standards - but no way it would be livable in just a couple of months - any thoughts or an actual answer to the OO rules
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27 November 2024 | 8 replies
Probably collecting social security at 62, maybe 63.I have a rental property that is almost paid off (less than 10k away.)FMV: 280.
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29 November 2024 | 9 replies
This type of loan typically has lower interest rates since it poses less risk to the lender.Non-Recourse Loans: Conversely, non-recourse loans limit the lender's ability to collect from the borrower beyond the collateral pledged for the loan.
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25 November 2024 | 5 replies
I work extensively with expats and they have had a lot of success investing in the US.
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5 December 2024 | 87 replies
Or at the very least, not nearly as much as an owner occupied Non-performing note you're attempting to collect on.But yes, when I say "you can lose more than your investment principle," I'm talking about the liability and overall risk exposure.
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26 November 2024 | 22 replies
Just because one obtains a judgement, doesn’t mean they are able to collect the judgement.
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25 November 2024 | 31 replies
Also given the fact that its darn near impossible to get any kind of civil judgement executed and collected on in Portugal.
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2 December 2024 | 13 replies
Based on years of experience with over 530 investment properties in Las Vegas, here are some thoughts to help you evaluate the value of property managers and how to find a good one.The Value of a Good Property ManagerMany people believe that a property manager's only value is collecting the rent.
24 November 2024 | 0 replies
Purchase price: $55,000 Cash invested: $110,000 Sale price: $205,000 This was a 1950 raised home that needed extensive foundation repairs as well as all plumbing, electrical and subflooring.
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25 November 2024 | 4 replies
SpeedBanks: Can take weeks or even months to close a loan due to really extensive underwriting processes.Private Money Lenders: Close loans usually in days to weeks, which will make it best for time-sensitive deals like purchasing a property or rehabs.3.