Brian Gibbons
MHI SAFE Act comment letter filed with HUD March 1st
29 April 2010 | 3 replies
Without the duty to the financing source or the incentive from the financing source, this example of offering or negotiating will not be met.MHI therefore seeks HUD’s concurrence that the following examples do not constitute recommending, referring, or steering a home buyer.Forwarding a completed application to only those financing sources that will consider the home buyer’s application.Forwarding a completed application to a limited scope of lenders.Giving the home buyer a list of available financing sources without recommending any of the sources.MHI seeks HUD’s concurrence that the duty must flow to the financing source and the incentive must come from the financing source and therefore, the following would not qualify as a duty or incentive.The desire to sell a manufactured home.The commission resulting from the sale of a manufactured home.A sales person’s salary.MHI seeks HUD’s guidance on whether the following items are considered incentives or duty to act on behalf of the financing source.A pre-arranged agreement between the retailer or sales person and the financing source with regard to available financing and underwriting guidelines.Compensation or Gain.
Account Closed
Saw this fire damage Commercial REO and have some questions please? (with pictures)
19 July 2010 | 4 replies
I think in the longrun that will benefit me, at this stage, far better than commiting my time to this.
Account Closed
EVERYONE is a wholesaler these days
7 October 2010 | 17 replies
Plus, in buy and hold, I'd be competing with the likes of Jon and many other folks that know their stuff, so it seems like at this stage in the game, I'd actually have a better chance of success just doing what I do, if that makes sense.
Kenneth Lee
Professional direction need
25 October 2010 | 32 replies
At my stage, this business is ALL about my marketing edge, so I don't really like to publicly discuss my edge.
Dave Gibson
Potential Deal II - Flip To Buyer
30 April 2011 | 31 replies
As mentioned in an earlier post, he knows that I have tenant buyers (I have qualified buyers now)/retail buyers too...we can do the property management and my wife can do the staging, if needed.
Billy V.
Sacramento Flip
8 June 2011 | 8 replies
I factor the bonus and the low sales price into my original evaluation of the property when deciding if it will me my purchasing criteria.If I've bought right, done a nice rehab (with staging), priced right and the agents market the hell out of it, than hopefully we get a quick offer.
Account Closed
Is retiring on $500k in rental properties realistic?
12 January 2012 | 18 replies
Re: retirement, I haven't made any definite plans at this early stage, though I'd probably be happy living in most areas of the US and have also thought about parts of Europe or possibly other areas.
Rich Weese
Wifey just cut my hair! This can ONLY mean one thing!
19 March 2012 | 5 replies
I'm excited, and at my stage in life, I don't get excited about much!
Michael Lerch
Contract Question: Paying backtaxes for seller
9 April 2012 | 11 replies
You would then need to pay the tax directly to the taxing agency and they will take a few days to record the transaction or the title company can arrange distrubution.
Antonio Bodley
Should I tell seller no?
11 May 2012 | 14 replies
or Are you still in the negotiating stage?