Daniel Smith
Cleveland Wholesaling: Advice and Law
3 June 2015 | 7 replies
NoOhio Revised Code4735.01 Real estate broker definitions.As used in this chapter:(A) "Real estate broker" includes any person, partnership, association, limited liability company, limited liability partnership, or corporation, foreign or domestic, who for another, whether pursuant to a power of attorney or otherwise, and who for a fee, commission, or other valuable consideration, or with the intention, or in the expectation, or upon the promise of receiving or collecting a fee, commission, or other valuable consideration does any of the following:(1) Sells, exchanges, purchases, rents, or leases, or negotiates the sale, exchange, purchase, rental, or leasing of any real estate;(2) Offers, attempts, or agrees to negotiate the sale, exchange, purchase, rental, or leasing of any real estate;(3) Lists, or offers, attempts, or agrees to list, or auctions, or offers, attempts, or agrees to auction, any real estate;(4) Buys or offers to buy, sells or offers to sell, or otherwise deals in options on real estate;(5) Operates, manages, or rents, or offers or attempts to operate, manage, or rent, other than as custodian, caretaker, or janitor, any building or portions of buildings to the public as tenants;(6) Advertises or holds self out as engaged in the business of selling, exchanging, purchasing, renting, or leasing real estate;(7) Directs or assists in the procuring of prospects or the negotiation of any transaction, other than mortgage financing, which does or is calculated to result in the sale, exchange, leasing, or renting of any real estate;(8) Is engaged in the business of charging an advance fee or contracting for collection of a fee in connection with any contract whereby the broker undertakes primarily to promote the sale, exchange, purchase, rental, or leasing of real estate through its listing in a publication issued primarily for such purpose, or for referral of information concerning such real estate to brokers, or both, except that this division does not apply to a publisher of listings or compilations of sales of real estate by their owners;(9) Collects rental information for purposes of referring prospective tenants to rental units or locations of such units and charges the prospective tenants a fee.
Richard Pierre
A lien question
2 June 2015 | 3 replies
Most experienced investors/rehabbers will have experience with negotiating code enforcement liens.
Emily Allen
Do portfolio lenders provide long term fixed rates for commercial properties?
3 June 2015 | 5 replies
In this situation you can negotiate the amount down and improve your cash on cash with rate and terms.
Jami Morton
Jami Morton
8 March 2016 | 12 replies
@Jami MortonWhen I read your post above, It sounds - please correct me if I am wrong - as if you have a pile of IRA money and are out investing without much education.There is much more to navigating the tax code related to using a self directed IRA than "can't be for personal use".I hope your custodian or advisor provided you with some introductory guidance as to the rules for self directed IRA plans and/or that you have a good CPA or attorney guiding you.Flipping with a self directed IRA can be very profitable, but is an advanced strategy.All IRA transactions must be entirely at arm's length, meaning you can negotiate and make decisions, sign contracts, and handle expense and income transactions, but may not benefit in any way OR add benefit to the IRA through the provision of goods or services.
Isaac Choe
50k in capital, first time noob
9 June 2015 | 9 replies
I'm currently working as bartender at a local restaurant, so I do have a job.I'm aiming for properties that can be forcefully appreciated in value through rehabbing and be deemed as a reliable cash flow investment so that when I turn around to sell it, I'll have the option of leveraging the 1 year lease, or whatever the situation is, at the negotiation table.
Mark Kvam
MHP offer how to structure a master lease with option
18 June 2015 | 12 replies
@John HixonThanks for the kind words@Mark KvamThe following people I think should be consulted regarding your mobile home park purchase@John Fedro@Curt Smith@Ken RishelMaster lease options in general is where we "guaranteeing the net operating income NOI" on a master lease, have an option to purchase based on NOI, and then turning around the investmentAll leases are turned over to you as a master tenant and you in turn sublease outThink of a poorly managed apartment building, with a low NOIYou increase rents over time and decrease expenses and efficiency of managementWith a master lease option, you can sell your option or exercise your optionMobile home park negotiations, I would think that that's a late sale and purchase agreement with a large down payment would be the most prudent way to approach it, you may need private money to execute the sale and purchase agreement@Bill GulleyMight have a few ideas too
Kenji Chai
inreoduction
15 June 2015 | 4 replies
hi all,my name is chai, newbie here,currently is doing real estate negotiator in malaysia, happy to join this group to know more overseas market, if anyone want to know more malaysia property don't hesitate to leave a message...cheers
David Wurzel
How Many Wholesalers Can One Property Have?
15 June 2015 | 12 replies
We did this and negotiated all future properties down a few thousand because he was selling to us directly.
James Marie
How to stay motivated?
16 June 2015 | 10 replies
Craigslist ads are free (although I question the quality of those leads.)New investors have everything working against them: You don't have the volume of leads, you are being ultra-conservative, you aren't analyzing correctly, you are negotiating correctly, etc.
Phil Moeller
How To Structure a Deal to Buy a Portfolio of 20 Houses From One Investor
10 December 2018 | 6 replies
Get the properties appraised and see if you can negotiate a discount for buying the whole package.