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28 June 2018 | 10 replies
For instance, the Standard Real Estate Contract that Real Estate Agents typically use in NJ is NOT assignable, as there is a section that specifically states that.
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23 April 2018 | 21 replies
To explain my parents situation, they tried investing in rentals but soon, became the frustrated landlords that you always hear about on the podcast, making all the typical mistakes, to their eventual forbearance of their real estate investing goals.
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20 April 2018 | 10 replies
Now I do no section 8 and typically have good tenants, but still a few bad apples.
21 April 2018 | 3 replies
Not sure about Tennessee because all states are different, however, you typically do not need to be licensed to manage your own property, only other people's property.
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19 April 2018 | 4 replies
Not only are you creating a lot more work for yourself but you’ll also need to pay to open and maintain those LLCs to your state and CPAs will typically charge extra for an entity tax return.
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19 April 2018 | 1 reply
And if the report has issues you can see if your seller with A) Repair or B) give credits/agree on an even lower price for the property.Realtors don't typically find me deals - I find the deals, run the numbers, etc.
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19 April 2018 | 0 replies
Obviously it is preferred to have it in a LLC but a typical residential conventional loan will not allow an LLC to be on loan documents and sign at closing, correct?
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19 April 2018 | 2 replies
My typical lender sent over these refinancing requirements, and I'm not sure they are typical:1.You must have 6 months in reserves for the subject property and an additional 2 months reserves for every other property you own.2.You can have a total of 6 properties financed.3.On a refinance the loan-to-value must be below 75%.4.There is a minimum loan amount of $50,000.Let me know if I'm way off base or seem to be missing something.
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20 April 2018 | 6 replies
The quality of that service is typically fair to horrible.