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1 December 2011 | 8 replies
Basically, the owner will sign the deed over to the land trust, and you will be the beneficiary of the trust.
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24 October 2011 | 5 replies
Get all the basics down first then get into the property management portion.
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21 May 2015 | 62 replies
Basic functionality is free, and a few bucks for auto-start and stop once plugged in the car charger, multiple vehicles, multiple trip types (biz, moving...), and reports that are supposedly IRS-proof.I haven't had a chance to test it yet, though.
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22 October 2011 | 3 replies
All liens, claims, etc are paid off and/or protected against, so basically you're getting a house with a perfectly clean title and no liability issues (there is always some risk, but no more with an REO than any other property you might purchase).- Generally, REOs are going to need more renovation than a house you purchase from a retail seller.
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9 May 2019 | 1 reply
Basically, the investor buying a property from us needs to make a guaranteed 8% ROI for example, we pay them quarterly and if we can rent the home out where say we make 11% ROI then not only have we made the sale to the investor but also an additional 3% on top of managing the home.
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10 November 2011 | 31 replies
Financing deals through several investors is basically a banking operation and if you have an investor who squeaks really loud you can have the state banking authority knocking on your door.What I'm saying is that there is no 100% safe way that avoids all banking and security issues regardless of what an attorney might tell you, after all, the attorney has an on going opportunity representing you as issues arise.The way to put such a lender group together is to obtain contractual loan agreements with your investors, as a loan committment, to make future loans available within a short period of time.Usually obtaing short term financing for long term obligations is a good formula for failure.
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10 November 2011 | 8 replies
It basically looks like loansharking-as it was explained to me.I think this is way better than what you were thinking about doing with credit cards.
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3 November 2011 | 4 replies
Ive been doing a lot of research last few months but basically very inexperienced.
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24 February 2021 | 4 replies
But look what happens when the rate sold is higher or lower.If the broker sells below market rates, such as 4.25 or 4.0%, the lender is basically saying, "I hope you charged some points up front, because we ain't paying you squat!".
1 November 2011 | 0 replies
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