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21 April 2015 | 13 replies
For exterior applications I have had great results with the Rustoleum Restore paint.
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7 April 2015 | 4 replies
Doesn't an active participation in RE allows you to reduce your taxable income produced from your rental loss including full depreciation dollar-by-dollar?
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5 April 2015 | 2 replies
Michael, The horrible situation described in the think progress article should be covered under the legal concept of 'lack of foreseesbilty'.I believe the surviving party who's name is on the lease inform the landlord he cannot be held legally responsible for a random act an committed by a government agency who actions resulted in the death of a friend who's presence at the residence at the time could not have been reasonably predicted to have produced an outcome that would have normally resulted in damage to the property owners property.
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5 April 2015 | 0 replies
Any suggestions on making sense of the monthly list produced by the county?
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25 September 2018 | 28 replies
I wanted to post here what the results will be for someone that wants to buy Cris Chico's course.
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19 April 2015 | 1 reply
In Todays realestate marketplace in the area of realestate finance there is some resemblance as to how to create wealth quickly as it was when I first entered the business over 25 years ago,in those days there was no seasoning of title,a very powerful tool,for my younger investors they may not know what no seasoning of title mean,no seasoning of title simply lets you buy lets say a property that you bought for $25,000 ,but the appraised price was $50,000 and this was a property where there was no rehab necessary,in those days I could buy the property for $25,000 on Monday and sell it on Friday for $40,000,oh by the way i almost forgot to tell you i bought and sold 25 properties in 4 mo. only using $500,those were the good old days well this scenario is creeping back into the marketplace,this brings me to Todays lesson is based on using 4mo.seasoning of title and 100% financing to move your realestate empire forward,here's how,john doe is a pretty ambitious guy ,he doesn't have a lot of liquidity but he has some ,he finds 4 properties that cost $50,000 that each of them needs $25,000 in rehab,the appraise value of each of the properties after they are finished is $150,000,john fortunately is able to find 2 lenders that will allow him to do 2 rehabs at 100% financing,so john is able to get the financing for all 4 properties and now he has $600,000 in value and $300,000 in mtgs,john has 2 options he can either sell all 4 properties or hold them,john is able to find a financing source that will give him a 7% rate on a 10 year call with a 30 year amt,and the lender will allow him to cash out at 70% of the appraised value,so john decides he want to keep the properties so he decide to refinance ,his new mtg pymt is $1663,lets say taxesand insrance hypotheticaly speaking is $350,per property, it may be a little higher,so his total mo outlay 3063,on a $150,000 home based on where you are located,1300 mo should be a fair #,it could be higher,so your total gross rents are $5200-3063=$2137,oh we almost forgot what was johns cash out when he refinanced (600,000x70%=420,000-$300,000,this would equal $$120,000-estimated closing =$30,000=$90,000,lets see what are really happened,$90,000 profit,$2137 monthly cashflow,minimal out of pocket,being that this is based on 100% financing ,there will be some out of pocket costs along the way but they can all be recouped back,so the investors true out of pocket costs would be 0 because he was able to recoupe his out of pocket from the cash out refi ,so tell me what is the real rate of return on investment if your end result is that you have 0 costs of your own money in the deal,the last thing I want to mention is that some people who read this may not have any money , but have valuable homeimprovement expierence,another may have the credit but no money,the other may have money but no creditand yet another mayknow where all the smoking deals that would make the #s work ,I bring this up because I read a post of 2 people coming together to bring the resources that the other lacked,im sure the same thing can happen in this instance.
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11 May 2016 | 26 replies
Today Cuba was taken from off the blacklist, laws will change a lot soon, many people will seek to get back the properties taken by the revolution years ago, nobody knows what the results will be, there are also some old laws which prevent people from buying or building property within a certain distance from the beach, many have been build in the last few years, who knows what will happen if the old laws take effect.
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18 August 2015 | 26 replies
If so a lot of time the power is turned off so the sump pump doesn't run and the basement floods resulting in mold.
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9 April 2015 | 10 replies
If they cannot produce it then you need to weigh the risk versus reward.
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19 April 2015 | 25 replies
I'm looking for advice of what we should put in place in the contract etc. for the best results.