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2 December 2016 | 9 replies
If the ROI is lower, can you put less down on the loan to increase it?
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11 September 2016 | 0 replies
I am trying to partner up with somebody else to do me the legwork would be needed in the future fix and flip transactions i probably will do out of the state when i am absent , including which is the most important thing is to watch the rehab process and contractors progress anybody has an idea how to setup that king of relation and contracting ?
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20 September 2016 | 15 replies
John Anderson So if the seller's contractor comes back with a lower bid than the OP's contractor that means the OP is caught in a lie??????
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12 September 2016 | 3 replies
That I'd have no idea about, there is also the Transactional Broker/agency relationship, where the listing agent has no obligation to either except to facilitate the transaction.
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13 September 2016 | 8 replies
Any single act, transaction or sale shall constitute engaging in business within the meaning of this article.
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13 September 2016 | 5 replies
I buy a lot of properties in Metro Detroit and I've seen deals like that but those are in neighborhoods that I feel like I should be suiting up in full combat gear before I get out of my car.Realistically in C+ neighborhoods you should be getting a Net ROI of around 12% possibly lower and possibly higher depending on mistakes that are made and what kind of luck you have.
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12 September 2016 | 4 replies
Unless you negotiate for it or represent yourself in an MLS transaction with agents.
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14 September 2016 | 11 replies
Always helpful to break up into paragraphs.For starters, Bank Oened is a term usually reserved for an REO property; one that has reverted to a lender after foreclosure has occurred.What you have is a pre-probate situation in risk of foreclosure.POA is only good as a proxy for passing title during the lifetime of record owner and most title companies want a POA for a specific property transaction.
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12 September 2016 | 2 replies
But almost all escrow companies that will preform them require full disclosure on both sides of the transaction, that the funds from one sale will go to fund the initial acquisition.
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16 September 2016 | 22 replies
Just because someone in a commercial transaction tells you what a cap rate is, you still have to figure out for yourself if that cap rate is realistic.