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25 November 2015 | 3 replies
When i have no bedroom filter, i get about 6000 results for my geographic selections, but once i adjust it to 3-10 bedrooms it sinks to 1200 results.Thoughts?
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26 November 2015 | 3 replies
The lender they are working with is pushing them in a certain direction, most likely because it will result in a bigger loan amount so they would make more money.
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25 November 2015 | 2 replies
Thankfully, since our offer was first, the selling realtor gave us the opportunity to match the other bid.
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25 November 2015 | 1 reply
Or leave a post-it on the door that says "I want to buy your house Call me @ xxx-xxx-xxxx" It may be hard to find the phone number without paying for some sort of service and direct mail takes multiple touches to multiple prospects to get any real results.
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28 November 2015 | 13 replies
While I know many people do this with their rental properties, I am wondering if anyone has had any horror stories as a result of doing so?
2 December 2015 | 9 replies
Thinking that the moisture was a result of badly prepped work, we had professionals take out the floorboard, prepped the concrete, added assailant chemical and installed an epoxy coated floor about 6 weeks ago.We came back yesterday and saw bubbles in some parts of the new floor, mostly in the same spot where the wooden floor had buckled, but also in other areas where the floorboard seemed to be ok before.
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1 December 2015 | 14 replies
It is always sad to see the result of a poorly maintained and managed property.
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30 November 2015 | 11 replies
Those defaulted loans will result in foreclosures and those have already been entering the market.
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2 December 2015 | 18 replies
Like you as a mortgage underwriter, I have many years of experience being a professional supporting real estate investors as a CPA, but I now wanted to become a real estate investor myself.In late November of last year, like you're doing this November, I wrestled with the question of investing locally with a 4-unit purchased with FHA financing vs. investing out-of-state and got a lot of great advice.Like you, my goal is to retire within the next 10-15 years via real estate investing.As a result of some of the advice I've read through the forums (I would recommend you pay attention to guys who have been in real estate for decades like @Jay Hinrichs rather than the younger folks who are often just pushing their turnkey products) and speaking to investors at local real estate groups, I decided that given my place in life I would be wiser to place my bets on California appreciation over the next 20-30 years rather than investing in some beat-down property in Cleveland for an extra $400 or whatever in cash flow per month.Given the facts that (1) I could get into a property for a measly 3.5% down, which would free up cash to invest in other places if I so chose, (2) I was already throwing away rent every month such that I could still be cash flow negative of $650/month (what I was paying in rent) and still be better off because a portion of my monthly payment would be building my equity and the rest would be tax deductible, and (3) I'm in my 20s and have the time to take a long-term view of appreciation potential, it was a no-brainer to go the FHA 4-plex route in LA, despite the fact that it is one of the most expensive markets in the country.This isn't to say that the process was easy.
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11 December 2015 | 22 replies
In order to be "impenetrable", your "veil"(s) must properly established and properly maintained.As for burden vs benefits, let's see here...Maintenance: $800/yr or somewhat more.Lawsuit resulting in judgement against you: potentially $MillionsDunno, guy.