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7 June 2018 | 17 replies
But alas, they want to play it safe and think your wild ideas are dangerous.
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1 July 2017 | 9 replies
@Josh Prince, Where to begin...The guy in Chicago who used his son the attorney as his QI and had a 3.2 mil exchange disallowed.The guy who let his friend hold his money as QI and then his friend got into a divorce with the proceeds tied up as marital assets.The lady we were going to do an exchange for last week who decided to save $750 and claim on the settlement statement that the seller of her replacement property was really her QI.
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30 June 2017 | 34 replies
Was this owned by an old lady and your taxes will double?
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17 April 2017 | 7 replies
But, I am not sure if the lady was a manager or another worker in the office because I always see 3 workers in the office and the new lady which I thought she was a manager.
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13 March 2018 | 9 replies
Specifically, I shy away from using heavy levels of debt to build a business from even though many are wildly successful.
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14 April 2017 | 1 reply
Husband & Wife owned property - Husband recently passed,Wife cannot afford the house repairs (Needs new roof) and wants to sell the house fast with cash.house needs repairs but currently livable,When comparing recently sold in the area, I believe the house is priced high considering the rehab its requiringSeller wants 85,000 , 2bd1/bth 750 SQF.Similar newer and better maintained houses sold for around 90K - 100KNow heres my thoughts:Considering she's an older woman, and i am under the assumption that she wont want any new "adventures" at the current situation, given she could not afford maintaining a house she owns free an clear, I am attempting on structuring a deal where she could be my renter while paying the property (Contractor for deed)With a "Contractor for deed" i think of offering 25%+- (20,000) Down on the deal and get equitable title - Which will include the fixing of the roof using my own GC + Potentially updating house deducting the labor cost (Should she would be interested) The lady would rent from on a fixed market rent for the duration (850$) - Paying off the 65,000 with 20 Yr monthly installments of 270$, Leaving me with 580 Gross income monthly.Summary:"Contract for deed"Asking price: 85,000Down payment for Equitable title: 20,000K20 yr Installment plan: 65,000 / 240 Months = 270$ Monthly"Fixed deal" Rent / Tenant pays : 850 - 270 = 580 Gross incomeAll in all, Lady gets to live in her own "Rehabbed house" with a long term leasing agreement and gains confidence and less hassle.I know there is alot behind these type of deals - but that's my general idea and would HIGHLY appreciate your input on this Steeeeep learning curve.
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17 April 2017 | 0 replies
My main question is, what should I expect to be wildly differently purchasing the multiplex vice my single family homes?
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19 May 2017 | 23 replies
The elderly lady that owned the house wasn't in great health, and her adult aged grandsons who had been living with her had nearly killed her.
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31 July 2018 | 48 replies
Hello all you wonderfully talented ladies!
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20 April 2017 | 2 replies
buy coffee and Danishes and go visit the sweet old lady at the county court house.