1 March 2016 | 5 replies
He renewed his lease at a nice increase and took an option to renew for a third year.
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1 March 2016 | 2 replies
***As always check with a reputable real estate attorney*** before executing contracts to make sure you don't have loopholes that might wreck you - and you could lose whatever amount of money the other party reasonably sues you for.
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10 March 2016 | 9 replies
So how do I figure out which ones will have a higher probability of going to a 3rd party bidder so as not to waste a bunch of time?
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1 March 2016 | 2 replies
However recently, I have sold a couple of deals to buy and hold investors that have worked out well for both parties.
12 April 2016 | 4 replies
The name does not sound like they would be a neutral party like an escrow holder needs to be.
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3 March 2016 | 16 replies
If the realtor only works for the other party then it is their job to get their client the most money out of their property.
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1 March 2016 | 2 replies
I wasn't sure on some of the numbers since we're not technically buying this property, that part is already done.
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9 March 2016 | 17 replies
Freddie/Fannie issues come up as well, primarily when PMI is involved, so you need to stay up to date on PMI guidelines if doing short term flips, many of them have NO WAY in 90 days rule, and 90-180 days a 2 Appraisal rule, and it doesnt stop at the PMI company, some Lenders have their own internal set of guidelines on this, so one bank may be able to do it and another cant using the same secondary financing, the funny part is most loan officers have no clue what you are talking about when you try to cove this on the front end.
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3 March 2016 | 5 replies
For some, the benefits of conduit loans are offset by complex loan documents, high closing costs, market-based pricing that is subject to change prior to loan closing due to adverse market conditions, and loan servicing that is oftentimes handled by a party other than the originating lender.CMBS activity has picked up since its reemergence in 2012, but CMBS lenders have recently found multifamily loans to be difficult to win due to other available lending alternatives.
5 March 2016 | 2 replies
Go talk to a CPA in your area and get a second or third opinion.