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11 July 2012 | 12 replies
The cost is built in somewhere to what they are doing.We get landlords offering free rent here for 1 year.The rent isn't free on commercial as they then have year 2 at a higher than normal rate to recover some of the lost rent and then built in escalations that are higher and more frequent than normal.Never get sucked in by a gimmick.I tell all my clients to be slow and methodical in doing a deal to avoid "knee jerk" reactions.It takes a long time to make money and a small amount of time to lose it.You also have to watch out for if they are in pre-foreclosure or not.They could be trying to collect an upfront payment with free rent and then walk.
14 February 2012 | 11 replies
Money from the sound of it is something your client dosent have which means its money you wont ever see.
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15 February 2012 | 1 reply
How many clients do you have?
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14 February 2012 | 8 replies
not really. i think a good inspector will catch the same things for HO or investor. a bad one will miss-inform both types of clients. just watch Homes Inspection and you will see crazy stuff inspectors miss.having said that, i never hire an inspector. i know more about houses and home improvement than 90% of them. by the time i place and offer i have already inspected the house. i put "no inspection required" and they think i am nuts. one more way to sweeten their "deal" and make them accept my offer.
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19 February 2012 | 6 replies
The seller's attorney was THEN supposed to talk to their client about it and never did.
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16 February 2012 | 6 replies
McKellar Newsom If the person is Canadian here are some banks:Harris bank (bank of montreal) will deal with loans 50% of purchase price but they will want to have a relationship with the buyer firstRBC Centura (RBC canada) not as picky to having a pre-existing relationship with clients and will do up to 70% of loan to valueWashington Federal- minimum investment $50,000 to $700,000 up to %65 of Loan to ValueTD Canada trust-not sure the details but I know some investors have used them.
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18 February 2012 | 8 replies
I had a client come in who received a 1099-misc from his PM company which had the net rent paid to him.
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26 February 2012 | 9 replies
I'm assuming that no attempt was made to rent the property in 2011.Your situation is why I ask my clients to call me through out the year before purchasing or selling their property.
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21 February 2012 | 18 replies
Here are 3 tips for avoiding popular lending scams:1.Run away from fee collectors: A lending scam is usually present if high, upfront fees are paid directly to the lender.2.Obtain references from the lender: Although real references are hard to verify, always ask for references from the lender’s clients.
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20 February 2012 | 2 replies
My wife is in insurance and so many agents will work a client over for a bit of commission.