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31 August 2016 | 12 replies
Lenders see condos as a bigger risk than a single family home because you do not own the land that the condo sits on.
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9 September 2016 | 19 replies
Schedule and manage your risks intently.
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1 September 2016 | 9 replies
If bank financing is involved, make sure if the lender is satisfied with your choice of inspection company/method (if they deem a report necessary).
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30 August 2016 | 15 replies
But concealing information to obtain a mortgage runs the risk of becoming a felony (multiple posts on BP about this) and I personally have no interest in that.
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13 September 2016 | 12 replies
Yep, there are definitely outfits that do that--you fund the rehab, have to wait for it, then wait for tenants, never mind the much increased risk in doing it that way--but there are plenty who do it how you want them to.
29 August 2016 | 3 replies
I would also like to reach out to investment partners if possible.I have wanted to get involved with real estate for several years now, but life happened.
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29 August 2016 | 9 replies
Listening to the BP Podcasts is a great first step.Only way I would involve my primary residence house on a flip is to partner with someone experienced and successful.
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31 August 2016 | 18 replies
Even then you run the risk of the appearance of a conflict, and the resulting potential lawsuit.The conflict arises because of the different legal roles of an agent and a principal.
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28 August 2016 | 3 replies
Essentially, you'd be taking some of the risk out of the deal if I, as an investor, can come in and see things more clearly.If nothing else, a few hundred to a few thousand dollars of cleanup work is done.