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16 June 2015 | 5 replies
This is a cash or terms business.One tool is not enough.Situation - Free and clear pretty house ---> installment sale - private mortgage, low down, buy and hold or resell.Situation - no equity pretty house ---> sub2 or wrap or lease option assignment, exit rent out or lease 2 own or resellSituation - 20% equity pretty house ---> list it if licensed, sub2 plus noteSituation - 40% equity ugly house ---> wholesale flip or JV and buy it or JV with the seller (buy sub2 + note, own it, jv agreement, improve it with private money, list it, resell it, pay off former owner and private lender, make JV fee of 5% +)There are other tools but that is enough to get a strain on your brain. :)And just because you understand those tools, does nt mean you can persuade the seller to use one of them.Cash or terms.
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4 March 2016 | 17 replies
I use Kijiji to find tenants as well - it's probably the #1 tool for it, at least in Ontario.
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19 June 2015 | 11 replies
If this is a summary probate (PC 13150) there are no interim duties or powers granted the petitioner.
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17 September 2015 | 2 replies
Use boolean tools + - "" (see wikipedia) to find better results faster than using google, etc.
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19 June 2015 | 5 replies
@Thomas Hart Getting a real estate website is an powerful tool that allow you to have full control over your brand.
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16 June 2015 | 1 reply
If you ask them to objectively evaluate the condition of the house - say on a scale of 1 to 10 - your start creating doubt in their mind about the value of the house and set the stage for you telling them why you can only offer $X on the property, because there are $20k in repairs that are needed.By asking them where they came up with the number they are using as the value, you set the stage for challenging that belief, without it sounding like you are challenging them.Language is a powerful tool.
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14 August 2015 | 17 replies
That will fall on you to repair and likely reimburse the power company.
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18 June 2015 | 7 replies
They are amazing tools, in Florida we can hide ownership as well as hide our purchase price if you are going to flip the end buyer doesn't need to see on Zillow you paid 1/2 as much as you are selling it to them for.
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18 June 2015 | 2 replies
According to analysis by Ben Leybovich you should calculate about $150 - $170 per unit per month for capital expenditures over time (boilers, water heaters, flooring, roofing, siding, etc, etc) for buy & hold properties.If your $600 is missing some of those items you might be in trouble.Hopefully, you've used the BP analysis tools (free!)
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19 June 2015 | 11 replies
If the seller is using the county assessed value then guessing at a price its no wonder its been up for so long, they are not accurate.Get on Zillow, realtor.com, eappraisal, redfin (use the whats my house worth tool) to get a general ballpark of what homes have sold for near by and what these websites think the home is worth.