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3 October 2017 | 7 replies
It's a business and you have to treat it that way.You start early in the day and potentially have appointments at night when people come home from work, either to meet with sellers or to take buyer's out.You can set your own hours, but ultimately, you have to work around everyone's schedule.
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15 September 2017 | 2 replies
There are a few things you can do and know on the front end to help prepare. 1)Know how to read your loan documents. 2)Know the differences between Cash Trap, Cash Management, and Cash Sweep. 3)Know what a Trigger Event is, and if you have one written into your loan agreement. 4)Know how to efficiently request reserve disbursements.5)Make sure your lender is never holding more than they need to in escrow. 6)Have a system set up to monitor your lender and their obligations, in addition to your own.7)Know how to recognize and monitor risks based on how your loan agreement was written.8)Know when you need to hire an attorney, and when you don’t. 9)Know the difference between Property Management and Asset Management.Already experiencing some of these issues on a Loan?
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15 September 2017 | 1 reply
After the account is set up and funded account owner can use it to invest into virtually anything, including private lending, rentals, etc.
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16 September 2017 | 20 replies
Also, it seems to me that the commentators to my thread are thinking I'm throwing out low offers to see what sticks.This isn't the case at all.I'm an Investor that buys for FUTURE appreciation of both Cash Flow and Appreciation. 6 of the 8 Investment Properties I bought were from retail advertising from Brokers on the MLS.I am already wealthy and believe in setting up a win-win scenario for everyone, including the Seller, the Broker, and myself.I don't believe getting a 5% discount now on a price is worth it in my scenario.For instance, I bought a property 2000 for $140k purchase price.
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17 September 2017 | 7 replies
It's not going to do you any good to find a house via realtor if you don't already have a team set up to manage it.
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20 September 2017 | 6 replies
I have been to a few of the "Guru's" in the past few months and am starting to get an idea of how I want to set up my business.
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18 September 2017 | 5 replies
I'm currently reading Brandon Turner's book, The Book on Rental Property Investing, and listening to Scott Trench's book, Set For Life.
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17 September 2017 | 6 replies
It is not a option and entirely the wrong mind set for success.
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16 September 2017 | 9 replies
The drawbacks of doing so are that the lender may set terms that require you to live in the property for up to 1 year or longer as part of the loan agreement.As for financing 75%, I believe with an FHA loan, you can sometimes put down as little as 3-5% and have the rest financed.
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12 October 2017 | 10 replies
I would definitely recommend checking out the blogs, podcasts, and setting up keyword alerts for specific things that interest you (i.e. duplexes, multifamily, va loan) - that's how I found you, my keyword is "Virginia Beach".Where do you plan on returning to when you separate?