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21 June 2016 | 6 replies
Perhaps you could recommend any investors that could facilitate this transaction.For the past three years I've successfully studied & been involved with over 400 various industries as a designer & marketing consultant.Currently, everywhere you look people are buying and flipping real estate.It seems everyone is buying a home, fixing it up a little, and selling it almost immediately for a sizeable profit.We read about it in newspapers, online, and there were even television shows based on flipping houses.The flipping real estate business model works great.But here’s the good news for you . . .that same business model works in many other areas.You can flip non real estate assets just as easily, maybe easier than flipping houses.You can also use leveraged buy out techniques to alternatively buy & hold already existing businesses similar to properties also.Through the use of transactional funding I've realized that I could borrow a $250,000 swing loan from a bank, give that to the seller in morning.That would make the business mine.Then in the afternoon I could take all the assets that are in the business that I just bought and raise $360,000 (80% of $440,0000) the same day from an asset-based lender.Then I could take $250,000 of the $360,000 and instantly repay the transactional loan.Then, I'll have a $110,000 cash windfall in my bank account, which I could now use to run the business and pay myself a big bonus.The double escrow basically enables someone to do this: I never touch the $250,000 of the down payment monies put into escrow by the lender.The asset-based lender never hands methe $360,000 check.
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27 April 2016 | 22 replies
I would probably just make the renovations that would get me the most bang for my buck as far as ARV goes because it is perfectly fine as a rental now I just want to build some instant equity.
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22 July 2016 | 2 replies
She did that by letting the IRS take out very little, and every year come tax time has to take out a bunch of payday loans to pay her taxes.
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13 October 2016 | 1 reply
It was turnkey and her son and daughter in law had been living in it, and only paying the PITI payment for years.I told her the only way i would be interested in the distressed property is if she paid $5k towards repairs, and included the turnkey property ($125k) at the principle balance ($75k) and her kids agreed to a rent increase ($580 to $850).I solved her problem of having to fix/sell a house from out of state (her kids were no help), and i got two cash flowing rentals with the repairs paid for on the distressed house, and instant equity on the turn-keyOtherwise, my min requirements to take a Sub2, are seller pays closing costs plus 2 months mortgage payments (if minimal work is required), unless there's a large equity position.Bottom line: Understand the sellers motivation for selling, and always make an offer!
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21 August 2020 | 24 replies
If I knew when unpermitted properties had a vacancy, that would be the perfect instant to make a pitch.
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27 September 2019 | 3 replies
Is the lease instantly terminated due to natural disaster?
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29 January 2013 | 8 replies
Investors talk about "buying at a discount" and "instant equity", horsefeathers, that does not happen at all unless the property is sold in a distressed situation, where a seller takes what they can get in a week and runs.
23 November 2018 | 2 replies
They want to close in a matter of weekshttps://www.zillow.com/instant-offers/
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5 December 2018 | 14 replies
I was instantly hooked and knew this was part of my life that I was missing.To compound things I work in a very cyclical industry and I can tell you it is scary being dependent on a job to put food on the table in a down market.
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20 April 2017 | 5 replies
The right guy (or gal) will instantly know what you are talking about. * Do I write up my own offer to purchase?