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22 June 2014 | 11 replies
It's the exceptions that will get a property hung up in underwriting... like checking 'Illegal' under Zoning Compliance or anything under "adverse site conditions" or "adverse conditions".https://www.fanniemae.com/content/guide_form/1004.pdf
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9 June 2014 | 12 replies
Can't say I've ever met a RE attorney except maybe somebody that was just out of law school yet to decide what they want to do with their life...it's very specialized.Somebody else may know a RE attorney in your area ... anybody??
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14 June 2014 | 8 replies
Caretaker would inform me of any repair/maintenance needs and I would call service contractors.5. rents would be mailed or deposited into my bank account.6. caretaker is vital to this process so compensation would be ?
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9 June 2014 | 6 replies
They will probable average the income over the two years.If you haven't been in an industry for 2 years they won't let you claim income from any job/industry (I believe the exception is if you just graduated from college and are in the industry your degree is in)
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17 June 2014 | 13 replies
The REIA near Providence I'm familiar with is the RI Real Estate Investor Group at http://www.rireig.com/ and they meet in Warwick on the 3rd Thursday of every month (with rare exception - check website to confirm upcoming meeting dates).
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10 June 2014 | 13 replies
However, there are some minor exceptions.
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17 June 2014 | 10 replies
However, in this case a filing often needs to be made with the county recorders office to remove the deceased’s name from the title so that a sale can occur.With ONE exception, if the personal representative (executor) wishes to sell real property that is part of the probate estate, the property can ONLY be sold with Court approval and notice to those who have an interest in the property – and the sales price MUST be for at least 90% of the appraised value.That ONE exception is where the personal representative has been given authority to act under the Independent Administration of Estates Act (IAEA), AND, the property is not being purchased by the personal representative or his/her attorney.
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23 July 2014 | 19 replies
I asked him to send a proposal and he sent the following email later this afternoon: “the cost to do roof with doing east side and west side ,(except for west rear side), complete tearoff and redeck and reroof with dimensional shingles and peak roof vent system and new gutters (,no downspouts), in same areas. will b 11,800.00 will need 4000.00 deposit upon start , balance due upon completion.
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10 June 2014 | 8 replies
Sometimes the wholesalers get the property from an agent and put in under contract, so you will see it on the MLS with under contract statusIn my area most of the cases the numbers don't work with properties from wholesalers coming from the MLS, because they have more competition to put them under contract, but as always there are exceptions
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13 June 2014 | 9 replies
@Kyle Sweeney Everything has been cash for the past 4 years, I self manage and they have all been foreclosures with the exception of maybe one or two.