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15 April 2024 | 26 replies
They are weighing the cost of fighting the "quiet title" issue, what they are going to get at auction, the time frame of getting the property to a sale date and the cost of carrying the HOA fees, the property taxes and the homeowners insurance during that time frame.
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17 April 2024 | 4 replies
You always want the city on your side (or as close to it as possible) to foreclose future issue and that starts with finding out the how on your own before bringing an expeditor to smooth the process.
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17 April 2024 | 1 reply
So, simply delaying closing a few weeks eliminates the issue entirely.
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17 April 2024 | 18 replies
Plus the property doesn't need major rehab work which kind of rules out the BRRRR method.
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15 April 2024 | 7 replies
Or if she has an ITIN get that but if you run an ssn or itin it only picks up US issues, not international.
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16 April 2024 | 20 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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16 April 2024 | 6 replies
There is street access because it's a corner lot.This would be my first new contstruction....my plan is to sell my current home (family issues, forced to sell) and move into one of the units as a primary residence for a year or 2 before leasing it.Question is - What is the order of operation to start the project...
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17 April 2024 | 5 replies
@Kris HaskinsA lot to unravel but if they recorded your deed for purchasing the property prior to the ratification of the sale then that creates issues which the lender should have gone with your closing.The agents and title companies in this are a mess as how did it not show up on title or with the listing agent what was going on.
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16 April 2024 | 25 replies
Good luck Only issue is, I'm 18 and renting w my family.
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15 April 2024 | 7 replies
I would want to have the deciding vote on any issues that arise.