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12 July 2011 | 7 replies
The gov-mint should not be buying or guaranteeing mortgages.
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15 July 2011 | 26 replies
Also note that placing more money down may increase your cash flow, but you have to account for that money placed down too (opportunity cost) and you can easily compare apples to apples by using a cash on cash return to see if the down payment provides you a good enough return.If you pay retail for a property, I can almost guarantee you that you will not cash flow anywhere in the US.
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15 July 2011 | 30 replies
Banks are not required to fill out a property disclosure.They are selling "as-is".During due diligence a buyer has their "right to their own inquiry".Meaning if they want to spend the money to satisfy whatever report or inspection they want they can go ahead.If a listing agent only has one picture the inside is usually trashed or the agent is just lazy with the pictures.I like to give a overview of condition but say "information deemed reliable but not guaranteed".There is simply no way for a broker/agent to know all problems associated with a property.With my listings I want to be 100% transparent with the numbers and the condition I see.It makes no sense to blow smoke and then pray the buyer will overlook things.What happens is everyone's time is wasted and the buyer cancels the contract.You look bad to your seller and the buyer and have now lost 2 clients for future business.So give the information you know and be accurate as much as you can with the data.
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18 July 2011 | 25 replies
I don't know the required degrees of separation, but I guarantee there is a way for the one reason that a company can be organized to be an entity itself, which is legally viewed as a person, that is why a company that is organized as it's own entity can fund politicians exactly the same as a person, because it is legally viewed as a person.
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18 July 2011 | 3 replies
roy, I depends on the bank; however, here is what you are most likely to see:There will be a 1099 or 1099s issued in the year of the foreclosure.A 1099a will be issued and this will for the individual who guaranteed the note.
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20 July 2011 | 3 replies
If not -- and if you don't want to go with HML or private funds -- you may be out of luck getting a loan in your business name.Remember though, even if you find someone to loan in the name of your business, you'll still likely have to personally guarantee the loan...
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25 July 2011 | 3 replies
The action may have been brought in the name of BofA but owned/guaranteed by FNMA.
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31 July 2011 | 1 reply
It would be IMPOSSIBLE to be able to entice someone to come in, put up the capital AND the risks that are associated with putting up a personal guarantee.
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4 August 2011 | 22 replies
If you hit the 2% rule, it is practically a guarantee that you will have real cash flow.
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3 August 2011 | 8 replies
Your mother may have to give a personal guarantee, but if the business is prosperous, this may not be necessary.