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25 June 2018 | 14 replies
If you want me to walk you through the process of examining titles and the checklist I've built up over time we can skype/discord.I'll review Idaho's tax-deed laws this weekend - in the mean time post your questions on Avvo as well (you'll have to do one question per post however but you can't beat free lawyer advice).Weird your state issues QCDs... and not a Tax-deed.You will have to learn to title examine on your own... do not go with title companies per property unless you have a massive bankroll (granted if you see a property that you know you'll win, you also physically visited it, go ahead and order a title search).You may be looking in the wrong states (there exists 1 state out of the entire USA that issues title insurance for tax-deed sales and also has extremely pro landlord laws).
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24 June 2018 | 3 replies
If you try and sell the note expect to sell it for 75-80 cents on the dollar.
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20 June 2018 | 3 replies
If everyone needs a credit and background check ($40 on average per person) what should I tell them if they complain that this is too much money?
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21 June 2018 | 6 replies
I imagine there are similar guidelines in each state.As quoted from TSD 300 (revised March 2018) "The following sales and services are exempt “per se” from sales/use tax in West Virginia:The term “per se” means by, of, or in itself.
20 June 2018 | 18 replies
So at that point I could probably argue we were still under “market” a bit at the new price, but seeing as I’m already over the 2 percent rule by a lot at the current rent an extra 50 bucks doesn’t do much for me
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28 June 2018 | 18 replies
So my question is how much is appropriate to charge per day??
20 June 2018 | 0 replies
They're valuing your property based on a price per square foot that you or your 16 year-old nephew could do just by doing a free search on LoopNet.
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20 June 2018 | 9 replies
I have plenty of equity in my properties but because they are mostly 4 units or below I am looking at 10-80k per property.
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20 June 2018 | 4 replies
If I decide to go with model of covering all utilities then rent would be $550-600 a month per student.
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29 June 2018 | 5 replies
The asking price for the home is 132k.OPTION 1 – Cash After Repair Value = $132,000 (estimate)Discount 80% of ARV = $ -26,400Repairs (Price per square foot) 1,190 x $5 = $ - 5,950Cash Price (seller pays closing cost) = $99,650OPTION 2 – Sandwich Lease Option – “Perfect Tenant Program” Term: Minimum 5 yearsOption Price (buyer pays closing cost): 125,500Option Consideration (non-refundable fee we pay you): + $500Monthly Rent: $950 (profit + $100 cash flow per month)Total profit (If completed full term): $132,000Note: We are the tenant-buyer, but we will sub-lease the house to another tenant-buyer.