5 June 2016 | 4 replies
—as security for a loan, the borrower has a contingent liability.The lender is not required to include this contingent liability as part of the borrower’s recurring monthly debt obligations provided the lender obtains a copy of the applicable loan instrument that shows the borrower’s financial asset as collateral for the loan.
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16 March 2014 | 21 replies
I am aware that other countries are beginning to walk away from using the Dollar as their financial instrument of choice to close deals of whatever nature.
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17 February 2011 | 51 replies
So, in essence its much "cleaner to operate out of a corporation, which if set up properly, intrinsically has all these instruments already incorporated.
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12 October 2023 | 5 replies
If an irrevocable trust owns real estate, absent any limitations in the trust instrument itself, a Trustee can sell property within the boundaries of certain rules of the trust.
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18 October 2006 | 3 replies
Currently, buying performing, sub-performing, and non-performing financial instruments (mortgage notes, trust deeds etc.).
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7 October 2014 | 5 replies
Those who work locally in the industry (i.e. park managers, park owners, mobile home dealers, property managers, etc.) will be instrumental in providing important demographic information.
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9 April 2015 | 3 replies
$200 - $400 is a small price to pay for a legal instrument that actually protects your interests.There are two problems with using template (standard) contracts:1) not specific to your situation2) in case of the need for legal assistance, no lawyer is going to be very happy about having to defend it, since it's not going to be a good fit.Honestly, if you can't find $400 to spend on legal advice and assistance, then this isn't a good enough deal.
4 September 2015 | 13 replies
Hi Account ClosedI got an alert because you mentioned "Korea" (Keyword alerts are available through your profile page, if you haven't set those up.)I have Korea as a keyword because I'm currently living there and I bought my first investment property last year in Jacksonville, Florida, while living here.Anyways, it's been a great journey and BiggerPockets has been instrumental and making it all possible.I was even able to network with other BP members out here in Korea and we started a meetup out here (check out my signature if you're interested in our group).I hope your transition is going smoothly and feel free to reach out anytime.
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30 April 2015 | 12 replies
One big difference is the buyer actually takes title from day one with either of our 2 instruments of a seller-financed purchase.
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21 April 2015 | 5 replies
I would focus on connecting with an investor friendly agent in those areas as they will be instrumental in helping you find the deals.