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29 December 2015 | 6 replies
At close the seller would "donate" $30,000 to a "non profit."
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4 January 2016 | 12 replies
If through negotiations, you still can't make it work...see item #1
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3 January 2016 | 2 replies
BTW I definitely am not trying to get off without donating money or time to people that really need it.
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17 January 2016 | 4 replies
Then two weeks later I get a notification that a retiring landlord Jay Hinrichs wants to give away a free duplex to a young investor in the area, whom can rehab the property, post pictures online for others to learn, rent the property, and donate $50 /mo to charity.
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2 January 2016 | 9 replies
The analysis needs these items, learn the terms and you can save the $59 bucks:purchase price (PP)down payment (DP) derived financed amount (FA)all numbers are annualized, rents for the whole year are GSIGSINOI (just gsi less expenses)DSCR (debt service coverage ratio) = NOI / mortgage*12cash-on-cash: NOI / down payment [how well your cash is performing]cap-rate: NOI / PP [ how well this property generates cash]for an all cash sale, the DP = PP, cash-on-cash will become the cap-rate.
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3 February 2016 | 43 replies
Reasons that bid exceeds published judgment (amounts for these listed items get included in the lender's bid):Sheriff's cost Sheriff's poundage (a sort of commission to be paid to the sheriff based on dollar amount of highest bid)Transfer taxesProperty taxesMunicipal service liens (utilities and rental licenses for example) or delinquent amountsCode enforcement citationsRe-assessment of judgment (additional payments and interest from actual date of published judgment amount)Property preservation costs (winterizing, lawn care, board up, re-keying, etc. for a vacated property)Additional legal feesThat is not an exhaustive list - but once you start thinking of what gets included into the lender's bid, it becomes easy to see why the lender's auction bid can exceed the published debt / judgment amount.
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4 January 2016 | 18 replies
If a material item remains unfulfilled or is deferred until some future time, the contract is "executory."
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4 January 2016 | 10 replies
If something comes up unforeseen, such as a plumber contracted to replaced all of the fixtures in the house but now there is a plumbing leak in the wall, then the plumber gets an additional $ for that unforeseen item(s).
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3 January 2016 | 1 reply
. $40K to gain access to their "franchisee" training, materials and limited rights to use their name and trademarks in promotional items and such in your investing business.
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4 January 2016 | 8 replies
When I started with a secured card it was only a $200 limit, so I set up a $5/month donation to a charity and set up auto pay so I never had to think about it, and never even carried the card.