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3 June 2024 | 2 replies
They deed it out of the owners name OR they have someone with a fake (looks real) ID show up to sell at the closing table.
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4 June 2024 | 8 replies
.- thanks 1) you likely wont be able to use the financing contingency as it sounds like the loan is available at 80% ltv ...check with your realtor or a real estate attorney 2) rates are coming down so check the terms from the lender that can offer 80% or 75% ltv 3) contact the smaller to mid size banks and credit unions that are close to the subject property for options 4) if you have the means to leverage the 10% difference via HELOC / retirement account loan or some other tool- consider it - good luck
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4 June 2024 | 7 replies
I checked a two locations and they both have numbers that are very close to each other.
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4 June 2024 | 42 replies
Have you closed a wholesale deal?
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2 June 2024 | 19 replies
By even a majority can result in minority partial holder instituting legal action, including restraining orders, etc.
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3 June 2024 | 10 replies
So, I'm about to close next week, and I've been looking at commercial properties, specifically 5-8 unit ones.I recently made an offer on an 8-unit building in the Southeast, which seemed like a great deal.
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4 June 2024 | 3 replies
So if you're looking for an agent with a great pulse on the market so you can actually close on a deal with confidence, feel free to DM me.
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2 June 2024 | 18 replies
I handle most of the forms and simpler legal tasks myself in my own REI business.
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3 June 2024 | 1 reply
I am close to the owner so I can discuss options.These are details and some rough numbers: - Location: Vienna , VA - No mortgage on house (free and clear)- Purchased year: Around 1980- Purchased price: around $50,000- Type: 3 bed - 2 1/2 bath single family- Market price: $920K (not appraised yet but numbers from Zillow)- Market rent : $3,400/mo (from BP Rent estimator)- Insurance $2,000 /yr- Taxes $9,300 /yr- Management $3,260/yr (I do not want to manage )- Repairs: TBDThe numbers do not work with conventional financing (20% down, 7% interest, 30 yr) so I want to think of creative financing ways.
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4 June 2024 | 12 replies
Many sophisticated Sellers will want to try and understand which Buyer possesses the highest probability to close and materials like this can certainly assist.