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24 September 2015 | 13 replies
@Jose CintronThe rent to own business with Sellers or with tenant buyers take some talent and some knowledgeWholesaling is pretty straightforward as far as finding a motivated seller and finding a cash buyer and putting them togetherIf you're assigning lease options I highly recommend you get an RMLO to prequalify your tenant buyers as per the Dodd Frank and the safe actThis way most of your tenant Buyers will get mortgagesThere's also a component of credit improvement to help increase FICO scores if DTI is OKI know Massachusetts really well I grew up in Arlington@Mike Hurney@Shaun ReillyMike and Shaun are been around the block quite a few timesBeing licensed allows you to show houses and market house you do not own to tenant buyers in MassachusettsOnce you get caught acting as a real estate agent, you get a fine and you get a record against the department of real estate in MassachusettsThen it's difficult for you to get a licenseIf you want to buy on subject to or wrap mortgage without a license I think you're in the clear because you're acting as a principal and you're getting on titleIf you just get your license and act as a principal you're fine, and also disclose to the seller that you are licensed but acting as a principalIf you want to be hardheaded and do lease options without license, please don't complain when you can not do business in Massachusetts or Rhode Island or Connecticut or New Hampshire or Vermont, New Englanders talk to each other
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23 September 2015 | 0 replies
Not that i dont have one but there is a HUGE room for improvement on that.
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24 September 2015 | 1 reply
Maybe a buy and hold.Wish I could help more but the foreclosure listings just keep getting more sparse in my area and I don't see anything improving in terms of finding potential properties any time soon.
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1 October 2015 | 28 replies
It could be a good deal if you expect that kind of equity or future appreciation and it is a good and improving neighborhood.
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4 October 2015 | 9 replies
I hope to purchase a multifamily in Reading or Easton PA outright, improve it, and use the income to pay off my student loans more quickly.
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24 September 2015 | 0 replies
It’s available for college tuition, for home improvement, for paying down a mortgage…Investors gain access to solid, appreciating homes –without tenants or management costs.
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1 October 2015 | 19 replies
Don't leave income on the table just because you will be taxed on it.3) Most real estate expenses are deductible in the year you pay them, especially if the benefit is immediate (like a utility payment or property tax).4) Some expenses are prorated through the life of the improvement, such as depreciable buildings and roof repairs.
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25 September 2015 | 3 replies
Closing costs and holding costs will devour the rehabber's gross profit.And a rehabber is going to demand title insurance before sinking $50k in improvements into this thing.I recommend you move on to the next one!
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5 October 2015 | 11 replies
If you decide to focus on a particular area make sure you get the statistics of Sold Price versus List Price for the pocket.