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27 December 2013 | 4 replies
He works with MH dealers.There is an attorney that feels he has a corporate structure that is involved in with other entities to facilitate seller financing, I'm not sure it will really fly as setting up convoluted business structures that do not carry on another business purpose other than to do seller financed transactions as the law, again, includes any method devised to circumvent the intent of the law.As to doing a transaction that is not covered, you may be able to pass a long term interest to a property through a Series LLC (Mo doesn't have this) or something like a HOA where people buy into an organization rather than taking specific title.
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21 August 2014 | 22 replies
Depending on the Asset Manager, they might let you add a name after the contract has been accepted Account Closed Yes you can just not turn in the contract, however I would not recommend doing that on a regular basis if you are planning on doing a lot of business with HUD as I believe(No proof) that I do receive bids on some of their older inventory because I do have a track record of closing on these as a Broker/Investor @Wayne Brooks I agree with Wayne that as a Broker I do not waste much time with blind offers as most of them are just fishing and a waste of time.
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27 December 2013 | 23 replies
Pricing is relative to the asset being priced not the class or sub-class of the asset being discussed.
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31 December 2015 | 47 replies
I was thinking something like if I talk to him about the repairs required and then tell him Im willing to solve his problem by taking the property off his hands without getting the higher authorities involved.. yet?
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28 December 2013 | 12 replies
So far all my properties have been financed and I never realized so many other option existed, although they seem a bit scary to me.I think my biggest concern, and I have seen its a common one, is whether or not to form a LLC. and other asset protection.
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28 December 2013 | 7 replies
I believe that I'd definitely be able to push through this solo, but having an agent who is experienced may be a huge asset to my team.Do any of you all have connections to real estate agents in the Phoenix community with multi-unit experience?
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30 December 2013 | 8 replies
Your Buyer would have a Master Lease that gives them full authority to lease the units to their tenants.
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27 December 2013 | 18 replies
If she's eligible for the DOJ loan mod, they will even forgive additional principal to match the value of the home.The assets could hinder her ability at being approved, but since she is 27 months behind they will likely not request bank statements.
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28 February 2014 | 14 replies
I probably wouldn't have understood what was being said if I had read it, but since you have a requirement to meet IRS Code in a real estate transaction, you can trade horsefeathers or hens' teeth for RE if you can determine accurately as required the value in dollars for the asset traded. :)BTW, bitcoins are being regulated by the world bank and the treasury and FBI are investigating their use, some countries already regulate use but I have not heard of any conversion of these black market underground currency.
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30 December 2013 | 23 replies
Once again, if this isn't clear people will be all over the map and the lack of focus could mean lost opportunities.Expect, demand, do not compromise on excellence, hard work, integrity, and loyalty.Be the boss - When you hire A-type people they will be used to leading and taking over but you always make sure that you give them power but let them know the final authority rest with you and you are the boss.Building a team is easy, building a great team is really hard.