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2 August 2012 | 25 replies
( You must leave the table with everyone satisfied about the deal.
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15 November 2011 | 8 replies
If you make the deal "as is" you leave the responsibility for due diligence on the end buyer.
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9 November 2011 | 14 replies
I might not be able to do it. my only option is to do it outside or leave it.
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4 November 2011 | 16 replies
I have alloted money for pool at 2000 for pool/pump/filter.I am using a hard money lender for financing details as follow:Gross Loan Amount: $93,445.50 (closing costs included)Net Loan Amount: $90,000.00Loan Term: 3 YearsAmortization Type: Interest OnlyInterest Rate: 11.500% Estimated Payment: $862.50Buy down Option: 8.500%Buydown Payment: $637.50 Buy down Costs: Add 1.5% to lender feePrepayment Penalties: N/ALender Fee: 2% of net (us)Underwriting Costs: $950.00, due at submission of signed offerThe details will change a little based on end negotiated deal.I have looked all over the web for ARV, and I am relativley certain that I will be asking 135000, expecting to get 120-125000.I know I am probably leaving something out, so please ask and I will follow up asap.Thank you in advance for helping out a new investor!
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3 November 2011 | 3 replies
Kelly I looked at recruiting agent for my firm years ago.At one point I did an active campaign and had about 45 agents at my firm at one time.I have found most agents feel entitled or won't follow the steps you tell them to be successful.They will skip some steps because they are lazy and want to "get rich quick" like the rest of the population which is why so many fail.If I add an agent say on a 70/30 split then I have to take time from my own deals where I make 100 percent to make 30 with them.The training and getting over their mindset takes so much more time than me doing my own deals.This is why I have only 7 agents right now.I got rid of the rest.Many companies try the 100 percent model but you get either new agents having no experience,part-time agents who are rusty,child support demands,irs tax liens,license lapses for education and or non-payment of dues etc.It is a huge headache to keep up with for a low return.If you go the other route you can train new agents for a fat split before they leave the business or train a select few agents that you want to feed leads to on your team.I just focus now on my own investment purchases and my own commercial listings.
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2 November 2011 | 24 replies
While I have nothing to hide, I simply don't like having a photo of myself on forums or anywhere for that matter.This is just a personal preference of mine and is something that I hope the content of my posts would offset, but I also understand that some like to see who they are talking to or reading about.At the end of the day, I'd post a real photo if required to do so, but it's a rule that can't be verified since a poster can simply post a photo of Joe Blow they find on the net so why not leave people to decide for themselves?
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9 November 2011 | 20 replies
Just adopt the strategy "take what you need and leave the rest".
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4 November 2011 | 7 replies
And if the tenant want's to leave sometime other than the end of the month and gives me enough notice, we can figure something out.
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8 November 2011 | 14 replies
They want you to have skin in the deal.
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10 June 2019 | 7 replies
Chances are you will end up with the non-refundable option and will need that money to fix the trashed out house the angry tenant leaves behind.