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13 March 2018 | 5 replies
I typically wholesale in LA and OC, but I will wholesale anywhere in the county if a deal presents itself.My current business plan is centered around wholesaling to create revenue to invest in rental properties (BRRRR strategy) in positive cash flow and/or growth markets.
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12 March 2018 | 1 reply
Lenders typically use a handful of local attorneys/lawfirms for the bulks of the foreclosure work and many times the Trustee named in the original deed of trust does not handle that type of work.
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19 March 2018 | 6 replies
@Keivan Darius NARPM is primarily for single family but the line is typically drawn when a property requires on site staff.
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16 March 2018 | 1 reply
The rationale is that your rent will be higher per room than what would be typical for the market rent for that house.
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16 March 2018 | 1 reply
Maybe for your market this is typical, but even in the SF Bay Area I would not do this.
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17 March 2018 | 4 replies
Typically, the first year of mortgage interest expense is greatest for a property with an amortizing loan.
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17 March 2018 | 9 replies
I was leaning heavily towards "no" anyway, but y'all confirmed it for me.Some of these answers beg another question...how far in advance do y'all typically let tenants move in after they sign the lease?
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23 April 2018 | 21 replies
You could do an option contract, but our typical deal would be this (BTW, we used this on 16 ac. site in Westminster, off Hwy 36 and Church Ranch Rd./104th)Purchase and sale agreement, with a standard escrow.Escrow closes upon date certain, or when the city issues unappealabel entitlements, zoning etc.DD of some period, 30, 60, 90 day, with some non-refundable upon reaching this date.Reason to do it this way is you have a solid contract, if and when you receive zoning, you can close without question.
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16 March 2018 | 1 reply
Commercial lenders will typically lend to an LLC.Appraised value is based on rental income, not on comps.Downsides:Probably adjustable.Probably higher rate.Probably get to harass you for your financials on an annual basis.
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18 March 2018 | 13 replies
For a typical AB-BC transactional loan, @Milton Peggs , you (called B) find a home seller (called A) and a buyer (called C).