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9 December 2019 | 50 replies
Depending on the type of loan issued and whether it is insured or not plays a major role in what they are allowed to do.Option 1: Ask the C.U. if they are willing to let you assume the loan, reset the amount and the interest rate as necessary and you start making the payments.Option 2: Ask the C.U. to allow you to put the house on the market and then pay off the loan with the proceeds, you get to keep the rest.Option 3: Find an investor willing to pay off the C.U. and then you Joint Venture to fix it up and sell on the MLS.Option 4: Find an investor to sell the house to "as is".Option 5: Find a Hard Money Lender or other Lender to provide you with financing to pay off the C.U.All of this is assuming you have "Rightful Title", that probate is over if needed and that there aren't other Heirs involved.
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15 September 2019 | 2 replies
Good Afternoon All,I was looking if any local Mortgage Lenders in South Florida could reply to this message as I am trying to find some local lenders to ask some questions about a joint venture on a fourplex and possibly even use once the group and I are ready to purchase.
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17 September 2019 | 4 replies
Not quite sure on the request related to other investors, but I put some thoughts down on joint ventures that show the usefulness of agreements used in the formation of business entities.Good idea to get a solid team upfront in your ventures.
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18 September 2019 | 20 replies
@Angela MIller here is an article on joint ventures, operating agreements and LLC's that may give you and your partner some good ideas.
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9 October 2019 | 78 replies
Keep the "front of mind" awareness by constantly reminding them of your profession and asking for their business and/or referrals.
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3 September 2020 | 14 replies
potential Joint Venture partner?
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23 September 2019 | 3 replies
How does Joint Venture financing work in regard to fix and flips?
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22 September 2019 | 0 replies
Our current accountant has never done a form 8824 before and I don't want to stress him out next year, as he is getting ready to retire.The referred professional should be able to do our personal joint taxes that include the RE holdings and a small S-Corp my husband has, so two returns.
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28 June 2020 | 7 replies
I bought a property with a family member (son) and want to put it just in the sons nameWe bought it in 2016 as Joint tenancy.
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26 September 2019 | 34 replies
After 3 years of work with constant design changes, the owner stopped paying and started bringing in "experts" to criticize the workmanship.