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10 August 2018 | 1 reply
In fact you can have the end buyer pay for title policy (often called pass-thru).
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11 August 2018 | 3 replies
As of last year i was up to 7 rentals, but after some advice from others i sold off the 2 that were still negative cash flow purchased prior to the last housing crash when they finally broke even in value to wash my hands of them.
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12 August 2018 | 9 replies
I simply discussed our primary pool of high net worth investors, including myself, and also discussed our prior larger deals that we've closed this year so they know we are closers!
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10 November 2018 | 13 replies
We just closed on our 15th property, I think it is better than all the prior ones combined!
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14 August 2018 | 5 replies
Complicating matters worse, the unit is occupied--so it's looking like I'll have to ask the seller to have that unit vacant prior to closing if I don't want to put myself at risk.
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15 August 2018 | 7 replies
As a result, you really should get an umbrella policy in addition to the LLC to properly protect you.
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13 August 2018 | 9 replies
I am 100% confident you will run in to this.The easiest way to avoid these arguments is to get a full appraisal done prior to discussing an offer with them.Summary:1. get an appraisal if selling to the tenants or at the very least a full CMA with on site visit- not a drive by2. sell as soon as you can if you can get your money out of it you want3. be prepared for lower offers from tenantsDoes all this make sense?
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12 August 2018 | 5 replies
@Isaac BlackMost banks have internal policies that sales going short for less than what's owed have to be listed on the market with an agent.
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12 August 2018 | 17 replies
However, you could also get an umbrella insurance policy instead of opening an LLC and moving the financing (if you have any) to the LLC.
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24 October 2020 | 3 replies
I would also have 7% or more of capital expenditures like a roof, paint, new HVAC, repaving the parking lot, upgrading facilities, etc depending on the amount of differed maintenance from the prior owner.