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7 October 2011 | 3 replies
That said, in order for us to grow the offerings we can provide to our users, we need to actually make some money.
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14 October 2011 | 2 replies
No, I would not make any assumptions about the presence of utilities of any sort nor about your ability to connect to them if they are present.
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19 October 2011 | 9 replies
Not because during your due diligence period you found something beyond the scope of your ability to repair.
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21 June 2012 | 51 replies
If you're the LEAST bit antsy about their ability to repay, trust your gut, don't do the deal.Oh, and unlike my Landlord, get it in writing.
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16 October 2011 | 11 replies
Not sure if a title or a bill of sale.
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19 October 2011 | 14 replies
Remember as an investor it is not the VOLUME and size of the deals you put together because many can be crap it is the QUALITY of the deals you do.I would rather spend a few months doing an awesome acquisition than buying up marginal to okay deals left and right.I have seen this happen on flips and long term holds.In both cases the investor did real well on one property and then started getting carried away.Pretty soon a couple of marginal deals starting to tank their long term portfolio into a neutral or negative position.Even on flips they made good on a few and then the next few went real bad and they were almost at square one again.You have to treat this business like a pawn shop.You will come across many sellers but few will accept your price and terms.So you have to keep going or come back to the seller until they get desperate enough to meet your terms.A classic tactic with a seller is when they will not accept your price and terms.Then a few months pass and they come back to you.Then if you have a couple deals on your plate you come from a position of power.You let them know you are involved with other projects now and to take this property on now you couldn't pay what you offered before and can now only do XX.There will always be another quality deal to be had but millions of marginal to okay deals to get stuck in for years and paralyze the growth and success of your real estate investment portfolio.
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15 July 2012 | 21 replies
If an issue comes up five years later and you were not insured you could have a bill to pay having been in the chain of title.I suggest you simply assign your contract if you can and stay off title but if you close, get a search done.
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22 October 2011 | 4 replies
Two Senators have proposed a bill where foreigners can buy a Visa if they buy $500k worth of real estate.One significant detail to this proposal is that the individual can break up the $500k.
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26 October 2011 | 7 replies
Your risk is your ability to judge ARV accurately ahead of time.If you're going to buy and hold for appreciation, I think Florida is a bad short term play but given how hard areas have been hit, in 30 years prices are bound to have gone up.If you're looking to be a landlord, cash flow calculations are pretty easy.
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30 October 2011 | 19 replies
They can afford to pay more than you and still have a good deal.OTOH, homeowners are often cash poor and just don't have the ability to take on anything major.