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11 February 2013 | 2 replies
We would provide short-term no- or low-interest loans for the acquisition of SFRs, secured by the home.
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11 February 2013 | 3 replies
There are probably hundreds of how to books but nothing beats real life knowledge and live advice you can get right here.First option which is the best option in my opinion is to keep 100% of the ownership and equity, keep the investor in a lender position, secured with a note and deed of trust which pays investor set interest rate (I typically pay 10%-12%) and you keep all profits.Option 2 would be to give an equity share where lender gets paid interest plus has some % of the equity.
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12 February 2013 | 8 replies
And still further, if you have a good paying day job, you may already be hitting the limit for social security tax.
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23 June 2013 | 12 replies
What do you do if you inherit a month-to-month tenant with no security deposit?
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17 February 2013 | 6 replies
Some stick to regoions.My note investors purchasing guidelines required the transaction to be commercial and the note secured by commercial property. 95% of the note investors I know of will NOT do residential simultaneous closings because of respa concerns and rightfully so (min of 3 mo seasoning.)
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7 May 2013 | 4 replies
A quick cheat-sheet:RESPA (Real Estate Settlement Procedures Act) Only affects loans secured by 1-4 family residences, BUT you have to know the purpose.1-4 family residence loan for consumer purposes - covered by RESPA1-4 family residence loan for non-consumer purposes - not coveredTILA (Truth in Lending Act) (the good-old APR)Again you HAVE to know the purpose.
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14 February 2013 | 6 replies
Never give them the keys until they give you the first months rent and security deposit in CASH or cashiers check.2.
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15 February 2013 | 4 replies
In this case, you’re likely pooling money and forming a security.You really ought to talk to a securities attorney about the proper approach.Jeff
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14 February 2013 | 7 replies
But if I can secure a house (contract) for 2-3 months i would be interested in finding a buyer just like a realtor but without paying remax and the brokerage, that's 100% of the (commission)/buyer willing to pay x amount more than contract amount. .
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15 February 2013 | 5 replies
Steven, I'm not sure if you mean that a mistake is using the forum to get more info or perhaps using tax software at some point.