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16 September 2018 | 14 replies
When another investor sold the house she was previously living in, they moved her into my newly purchased house at the time.
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6 October 2018 | 4 replies
Many real estate investors swear by them, other people say they should never be used.The reality is that wraps are a little complicated if you have never done one and hold some small risk of a bank calling the note but CAN be a useful tool when used correctly with two (or three) willing partiesRegarding the terms of most residential mortgage terms, specifically the "due-on-sales clause", they generally say that the lender "has the right to call the note" but not the obligation.
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17 September 2018 | 6 replies
If you sold you could possibly 1031 exchange tax deferred into another property.
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11 September 2018 | 1 reply
I used Marilyn Eddy for years and when she sold her practice, the business turned to crap.I appreciate any recommendations.Thanks!
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9 November 2018 | 20 replies
If they let it go to foreclosure, As a sold out junior, lender has full rights to pursue the borrower for the entire balance so, it's best that each lienholder be reasonable but in no way does one have the upper hand over the other.
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11 September 2018 | 8 replies
I spent countless hours watching their webinars, reading their books/forums and mastering their calculator tools.
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11 September 2018 | 0 replies
We did not loose much money but it sold for a lot less than some of the property tax valuations and the RE took a lot or time (overseeing the repairs from 2 hurricanes).I still love the location of the property and may go back there to vacation but as an RE investment it did not work for us.
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11 September 2018 | 3 replies
I’ve been looking on a few websites and saw a few homes that were auctioned within the last few weeks, how can I find out if these properties were successfully sold or not.
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15 September 2018 | 6 replies
, maintenance (beyond what the HOA covers), and property management (if you ever decide to no longer self manage) - you may be losing more money than it initially appears.HOWEVER, the Beverly area is on fire right now, it is completely possible that property values will continue to climb quickly, and you could exit your condo in ~5yrs and make a nice profit (keep in mind you'll have paid closing costs once as a buyer, and once as a seller at this point, which will really eat into the profits if, say, you bought at $250k and sold for $300k - not a straight $50k profit, plus you had negative cashflow over the years too).So...
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2 September 2019 | 2 replies
One cannot depend entirely on the realtor to know all the details; they are the sales agent, not the business partner.I've met many investors who say the master lease is the tool to use but I have not tried.Last month at a meet up, I found a man who vacationed annually in the Keys at an illegal VRBO.