10 June 2013 | 4 replies
Cross check sold listings with public records to determine who the buyer was.
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1 May 2013 | 24 replies
Just be determined and committed... and you'll be successful... in anything you do.
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15 October 2012 | 34 replies
I found this thread out there a little.I don't see people making more money in less time lazy through systems and processes.While those processes shouldn't define a person they are important to have in place and constantly be refining.Re-inventing the wheel every time is asking for lost time and additional work that is not needed.To the original poster it is YOUR MONEY.Take what everyone says with a grain of salt.Then determine what you would feel comfortable doing because if it goes South you wouldn't be losing their money.I look at this the same way conducting business as a commercial broker.If someone calls me up and is looking for a one in a thousand property I am sure it can be done.How long and how much time to get there is debatable.I don't personally base business models on long shots.I want to know when I put time in that my chances of getting a return are very high.It seems like this flipping business is getting tougher and tougher.I have been having many investors from across the country telling me that flips are getting to be more competitive and dried up.The volume is going down and they are tired of dealing with home buyers.They are looking for commercial properties to move to a different niche of investing.I can tell you I wouldn't want to hold SFR house rentals as an exit if it doesn't sell.I do find it interesting to hear what different residential flippers are doing on deals though.
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27 November 2012 | 40 replies
Some suggestions below...1. marketing - finding motivated sellers2. marketing - finding buyers3. acquiring and using the correct contracts4. pulling comps and determining value5. determining repairs6. motivation7. inspiration9. lack of confidence10. negotiating11. evaluating a deal12. working with title companies/closing attorneys13. creating relationships with other investors and realtors14. finding a mentor15. fear16. other (please explain)I'm trying to get a feel for what's on your mind these days.
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16 October 2012 | 20 replies
CA case law has determined that notice of foreclosure is the date when the property is sold at trustee's sale law.
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14 October 2012 | 6 replies
I have a cheap house i want to sale to an individual AS-IS, but do not want to spend the money to have an attorney draw up a contract and do a closing. If i am not mistaken, i can just Quit Claim Deed the property to ...
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26 October 2012 | 9 replies
After the Seller is reviewed for approval, then they order a BPO (broker price opinion) to determine value.
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15 October 2012 | 8 replies
If you didn't specify how rents should be handled - prorated based on days of ownership, you get entire month, seller gets entire month, some other split based on percentages - then you didn't draft your agreement thoroughly enough, and the closing agent doesn't have anything in the contract to go by.Although the buyer getting keys at closing is somewhat standard, I have been to a few closings where the buyer did not get keys (and once I was the seller!).
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18 October 2012 | 19 replies
This will be the final determination as to what pertains for that specific property.
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19 October 2012 | 12 replies
Maybe that's OK, but you've legally transferred owner ship to C.