Daniel Vaz
Appraisal issue - creative financing
7 April 2015 | 3 replies
The appraisal seems very conservative.
Andrew Bosworth
Creative Financing for a Buy & Hold
20 June 2015 | 13 replies
When a buyer, appraiser, real estate agent, loan officer, or another party provides a false statement of a property's value on a 1003 or any other document related to the mortgage loan, they have lied, which means they have also broken the law.
Jacob Zylstra
Drain Back Up - Laminate Floor Repair?
31 March 2015 | 3 replies
The restoration company is recommending that the floor be torn up and walls be opened to allow for more direct contact of the microbial compound.Estimated floor replacement is upwards of $3500 (conservative, I think) plus the dry wall work.I'm comforted and relieved to find that my lease holds the tenant responsible for such an event.
Rita Temple
FHA Loan and flipping first house
6 July 2015 | 11 replies
Lenders have the right to execute the Due on Sale Clause, but rarely do on a performing note in stable interest rate climates.As a conservative CPA investor I have not considered this approach, but real estate is risky and some investors like to push the risk and see what if anything happens.
Account Closed
Buy & Holds Out-of-State Portfolios - Who has been holding for 10+ years?
6 April 2015 | 114 replies
Without a survey, any boundary line dispute is between the parties as Sch.
Octavia D.
Can I use an escrow account vs. local bank / credit union to hold my profits & cash-flow?
30 March 2015 | 1 reply
An escrow account is an account where funds are held by a third party, for distribution (ie. funds from a buyer are escrowed at the title co. for delivery to the seller a and lien holders, or monthly payments go into an escrow account for taxes and insurance, etc).
Marquise Crampton
purchasing a home with (non-contracted) tenant
30 March 2015 | 1 reply
Its one party versus another.
Mark S.
Feedback on crowdfunding platforms
19 April 2016 | 60 replies
What makes for a good team is expertise in these areas IMO:-Legal/Compliance - We have been working on this item for over a year now prior to opening our deals up for third parties.
Lindsey Simpson
Out of State Old Lady Houses
1 April 2015 | 5 replies
She will trust what she writes more than what you put down on paper.Once you have arrived do at the framework of a deal, list out a simple list of terms in about 6-8 line items then a list of documents that will be required and tasks or conditions that are to be met be each party.
Miles Stanley
Buying homes from motivated sellers...what happens to their "problems" when the home becomes yours?
1 April 2015 | 4 replies
Keep it simple.Consider buying a used car from a private party.