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1 July 2018 | 16 replies
folks can be lured into these as they see these as low or no money down deals and make money on the delta.. problems arise in a default situation and you have put the seller in a bad way and don't have the reserves to take the year to evict your lease option tenant and you have no income yet you still need to make the payment... its an advanced scheme in my mind only appropriate for those with Deep pockets... not starter and undercapitalized.. ( which of course I have no inkling to your =financial ability) however I have rescued numerous young and starter investors who did this and got in WAY over their ski tips
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18 November 2016 | 7 replies
The most important factor to consider with a lender, particularly if it is a sellers market, is the ability to close the transaction and close it on schedule. what good is saving a few hundred bucks in fees if the transaction doesn't close and you lose the deal.
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6 November 2016 | 2 replies
I'm also worried that if I am submitting low ball offers for potential investment properties it'll hurt my ability to work with retail clients.I think my first concern can be written off because I know I am willing to hustle and learn more than other agents.
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6 November 2016 | 2 replies
Measure success by having measurable goals. It is going through the process that leads to the desired end result. There will be challenges, we know that going in. So don't wish for less problems, wish for more skill. ...
13 November 2016 | 27 replies
Account Closed I completely agree on the MLS thing haha.In theory it would be great if a wholesaler was someone in the industry that has the ability to connect you with a seller who doesn't know/or is willing to settle for less than the true value of the property...for example someone who needs the cash fast, doesn't want to lose the 7% commission for a realtor, etc.
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9 November 2016 | 13 replies
I am a prior RE agent and appraiser so I am confident of my abilities to inspect a place and evaluate a value, ARV etc.
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6 November 2016 | 3 replies
It is a Bill that was passed in Congress in 2010 in response to the Great Recession in 2008-9.
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9 November 2016 | 13 replies
This industry is not for the weak but for those that push through and have the abilities there is a place.Best suggestions that I have read on this thread.1.
8 November 2016 | 4 replies
Of course like you said you might have to secure the line of credit. with the ability to have "cash" available to me is worth it.I am interested to hear what other people have to say.William Lees Jr
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8 November 2016 | 2 replies
I didn't verify that my accounts had been deactivated like I should have, so I got a bill for water about a month and a half into their occupancy.We let them know about the mistake, they were happy to switch it over.