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13 June 2013 | 3 replies
Begin with the basics, real estate basics like text books, RE schools, from there you can look to strategies, the basics and knowing what is acceptable, common practice in your area will keep you out of trouble, which is easy to get into in RE.
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19 June 2013 | 6 replies
(LOL)Some math, says 32.50/12=2.71 divided by (1-your tax rate), say 30% gives you .70. 2.71 divided by .7 = 3.87, so if you collect $3.87 that gives you your after tax income required to pay 32.50 in 12 months.
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17 June 2013 | 22 replies
No exit strategy per say but of course will take a profit where presented but I am content to collect rents as a significant part of my income.
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17 June 2013 | 12 replies
Rents are the consideration paid for the tenancy rights, not an ownership right.An option, of any duration whatsoever is granting an equitable interest to title that includes ownership rights, it is a contract allowing a buyer or optionee with a right, but not an obligation, to purchase the ownership rights (the bundle of rights) and at the moment that agreement is made.These concepts are grounded in law as well as in practice and custom.
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16 June 2013 | 15 replies
Start adding up all the extras in one’s lifestyle and subtract this and the car payments, rent, cigarettes, beer ... and you will find out you may have a difficult time collecting payments.I have learned ways around this problem.
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17 June 2014 | 15 replies
But I do often have groups of special needs students come through my business where we help them practice skills to get full time jobs down the road.
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15 June 2013 | 2 replies
It allows water to stand there, but doesn't collect any solids.
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11 October 2017 | 45 replies
How do you think banks think about clause on a practical basis?
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17 June 2013 | 8 replies
If after I met with her next week she doesn't seem up to the task I have no problems going elsewhere but she has been practicing RE law for 20+ years in this area.Thanks again.Scott
18 June 2013 | 16 replies
We collectively refer to it as "a finders fee".Small chunks of cash (10k, 8k, 5k, 2.5k) but they add up and its a much quicker payday and so much less riskier than rehabbing.I am seriously considering getting a RE license because I leave a lot of money on the table when people call me with pretty houses and I can't list them but not having a license does not at all impede my ability to make money via wholesaling.