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Results (5,503+)
Lacy Goldman Wholesaling a short sale
5 August 2015 | 2 replies
The bank will prohibit assignments.The bank will require that you demonstrate that you, personally, have the ability to purchase before they will even look at your offer.The bank will require that the property not be re-sold for some period of time, probably at least 90 days.The bank, and I say this with all due respect, almost certainly has a better idea of the market value of the property than you do.
Paul Haughton How to resolve liability risk on uninsured rehab property prior to closing
18 August 2015 | 18 replies
WC carrier only surrogates if they can demonstrate negligence and there is another insurance policy in line.
Nat C. Am I being screwed over by listing agent?
17 August 2015 | 52 replies
Visiting the realtor will have a couple of outcomes, one they demonstrate other offers consistent with the negotiations and you default to question one.
Layla Savant Length of rental period when converting primary residence TO rental for 1031?
31 July 2018 | 11 replies
Based on Revenue Procedure 2008-16, we recommend that our clients hold the property for investment for at least 24 months or more, to demonstrate that they have the intent to hold for investment.Once you have held the property for investment for at least 24 months, you can sell it and qualify for a combined 121 Exclusion and 1031 Exchange strategy.You would sell the property, exclude the full $500,000 in capital gains (as a married couple) from your taxable income, and complete a 1031 Exchange on the balance of the transaction to defer the rest of your capital gain, including any depreciation recapture, into the purchase of another rental property.
Jacob Dame How People Acquire Over 10 Properties a Year
16 August 2015 | 9 replies
I've got recorded calls I post for my members demonstrating how I've done it in as little as 25 minutes with one phone call to then create instant cash via down payments of no less than $10k, cash flow, and back end profit when the buyer refinances and the total cost of the deal is $10 for good and valuable consideration so I have a legal and binding contract, 25 minutes to several hours on the phone negotiating the deal with the seller and the monthly cost of Docusign or Rightsignature so I can get the docs signed electronically because I do these deals all over the U.S. and never see any home or meet anyone. 
Leander Henderson biggest fear!!!
1 June 2015 | 5 replies
I consider answering your question an act of karma: I myself asked the very same question of the great Ron LeGrand some 15+ years ago...When you do (finally) get a seller to sign a contract, you will offer them something of value to seal the deal and demonstrate your commitment to close.
Richard C. Will Millenials start buying homes?
23 March 2018 | 14 replies
LOLWhat the linked article demonstrates is that Millenials WANT to buy homes.  
Cynthia Hartley Should housemates' rent be claimed as income?
2 June 2015 | 2 replies
All expenses are done on a pro-rata basis using square footage as the calculation.If you are buying future properties, some mortgage brokers will not consider future rental income on the subject property unless you can demonstrate experience as a landlord, so being able to show that you were partially renting your home would likely count (depending on the broker).  
Jonathan Twombly Do you need an LLC? Absolutely. There is No Debate About It.
5 June 2017 | 113 replies
@scotttrench I believe Scott Trench demonstrates very valid reasons for not having an llc.
Brian Burke This is My 1,000th Post: How BP Grew My Business, and 5 Things You Can Do to Get The Most Out of BP
10 July 2015 | 24 replies
When you treat others with respect you demonstrate your own professionalism.