14 November 2019 | 7 replies
As a last ditch effort we checked with local authorities for police reports etc on the property.
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26 January 2020 | 1 reply
Working on raising this with the housing authority to over $2.1k.What do you think of my deal?
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15 November 2019 | 6 replies
First two years are interest only as we move off of a HUD contract and into the local housing authority voucher program (the tenant base is low-income seniors).
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15 November 2019 | 8 replies
@Bob MaleckiBased on the questions the author is still in the learning phase of notes and I would recommend against taking other people’s $ until you have done a number of deals.
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16 November 2019 | 12 replies
Even if it's a reimbursement of the wholesaler's EM, deposit your EM with escrow and authorize release of the same amount back to the wholesaler.Don't pay the assignment fee until you've closed.
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16 November 2019 | 5 replies
You'll want to obtain documentation on the Trust (Proof of Funds available for full payment of lease, who is authorized to sign on behalf of the Trust, and for what purpose can withdrawals from the Trust be made).
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17 November 2019 | 2 replies
You should call the Housing Authority yourself and see what the hold up is.
16 November 2019 | 2 replies
While I believe most in our chosen trade(s) are already familiar with the word or term “Appraisal”, it can’t hurt to provide some clarity: According to the most recent edition of Merriam-Webster’s On-Line Dictionary:Appraise - to set a value on; to estimate the amount of; to evaluate the worth, significance, or status of; to give an expert judgment of the value or merit of.Appraisal - an act or instance of appraising something or someone; a valuation of property by the estimate of an authorized person.Appraising - making or expressing a critical judgment or evaluation.Within the realm of real estate valuation, the Uniform Standards of Professional Appraisal Practice: 2020-21 (USPAP) offers the following applicable definitions:Appraisal (Noun) – the act or process of developing an opinion of value.Appraiser – one who is expected to perform valuation services competently and in a manner that is independent, impartial, and objective.Appraisal Assignment – a valuation service that is provided by an appraiser as a consequence of an agreement with a client.Report – any communication, written or oral, of an appraisal or appraisal review that is transmitted to the client or a party authorized by the client upon completion of an assignment.
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11 March 2021 | 3 replies
I author a blog dedicated to raising reader's financial IQ and I think what you guys offer here, on the site and here in the forums is valuable and would love to share Bigger Pockets with my subs.I have read a few of the books published by Bigger Pockets and will be reading more because, frankly I trust these guys.
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20 November 2019 | 5 replies
As a California real estate assistant, it sounds like you're allowed to do the following:-cold-call prospective customers (although not regarding a specific property, transaction, or product), -assist with open houses,-conduct a comparative market analysis (i.e. identify comp properties), -arrange appointments, -give entrance to a property to inspectors or other authorized 3rd parties, -prepare and design advertising, -prepare documents and transaction instruments, -deliver and obtain signatures for documents (although you can't discuss the contents), -accept money for trust funds (i.e. earnest money or similar), -relay certain information between the agent and the principal, and -review transaction documents for completeness and compliance.Hope this helps.