24 October 2014 | 7 replies
Your purchase will be closed first, then if you're getting a rehab loan, that is a subsequent transaction in another settlement.
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10 December 2020 | 7 replies
The one who holds the oldest lien has the advantage of foreclosing earlier than subsequent lien holders.
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12 July 2016 | 15 replies
I'd say do that while still hunting but I suppose if you're comfortable enough with the entire valuation / purchase process it could wait , one big thing is that you can go overboard with rules that wont help anyone - keep it focused but give yourself room in the lease , you'll have folks on month to month anyway so its not going to be hard evicting bad tenants but if you start nitpicking you'll evict yourself into the poorhouse (depending on the market of course)If the tenants paying and they aren't bothering anyone else let it slide (in most cases)
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3 July 2022 | 87 replies
The $10k will be used for the Earnest Money Deposit, and subsequent closing costs.
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21 September 2016 | 20 replies
As far as other maintenance expenses, as a landlord you're typically expected to fix whatever breaks on the property (e.g. sliding glass doors, screens, ceiling fans, light switches, faucets, leaky plumbing, garbage disposal rusts out, leaky toilet, garage door doesn't open, electrical issues, etc.)
13 November 2019 | 12 replies
At this stage they just need to go and I'm NOT going to let them slide.
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9 June 2018 | 19 replies
The fundamental guiding principle, which guides the initial purchase and all subsequent purchases is what has made Warren Buffett so successful and what you can use in real estate as a basic foundation to your analyses and purchasing strategy.
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15 August 2019 | 9 replies
The only job of the Trustee is to get the best price for their client who is the Lien holder foreclosing on the property and then subsequently complete the transaction by collecting funds and filing the foreclosure deedThe Trustee has zero responsibility to make sure bidders aren't colluding(other than verifying funds) or ensuring the title is clear
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9 July 2020 | 1 reply
It's a 7-8 slide Google presentation.Worst case: if I don't get any interest in the business plan, I'll buy it for myself w/ a conventional mortgage.
7 May 2022 | 65 replies
There is a five year ownership rule that applies to investment property initially acquired in a 1031 exchange that was subsequently converted to a primary residence.