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5 February 2020 | 0 replies
This was a 1031 exchange which allowed me to put almost 40% down and financed the remaining on a 10 year fixed rate.
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5 February 2020 | 3 replies
Your own personal promotion isn't tied to your LLC.
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17 June 2021 | 22 replies
Sorry, I have been tied up a lot lately.
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5 February 2020 | 0 replies
I used cash to cover the remaining 1/3 balance.
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5 February 2020 | 0 replies
See below for information directly from seller:"2 BR / 1 BAOn a Lease/Purchase Contract for $45,000Tenants paid a down payment of $1350, Leaving a balance of $43,650Contract is at 180 months at 10.6% on $43,650 = $485.22/moThe Buyers are paying $112/week and usually pay every two weeks at $224, deposited into my bank account.As of now, the balance of the contract is $35,300.If, the Buyers pay the remaining 117 months, the total remaining is $56,770.74The Buyers love the location and the house for it is next door to the wife's parents and want to stay and finish the purchase.There is however some damage to the house of $7800, Quoted by ******.
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7 February 2020 | 10 replies
Hi Robert, Contact @Sarita Scherpereel, she does a lot of multi family deals in Chicago and is very savvy with all the ins and outs tied to the property.
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11 February 2020 | 11 replies
If you live in KC, you're probably heavily tied to the KC economy anyways.
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7 February 2020 | 2 replies
I am happy with the cash flow, the problem is the HOA has a unit not paying their dues (greater than 15% of the total condos) and the HOA is litigating, which makes it a non warrantable loan, and the reserve funds are low ($10k remaining across 5 units) The condo is the cheapest 4bd 3bth unit in the area which interested me, the thing I am worried about is not being able to cash out refinance and getting hit with more assessments as the reserve fund is low.
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8 February 2020 | 9 replies
Rules are what's not used cannot be pocketed (if rent is only $2,200 per, service member can't pocket the remaining $250-400 monthly), which encourages renters to max their housing stipend in return for better quality housing.
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6 February 2020 | 3 replies
(however it happens sometimes when you just cant find a buyer for the property) the job of the wholesaler is out the property (deeply discounted) under contract and assign the contract to the end buyer2.this is a great question now if your going through the realtor and finding your properties through the MLS then they are going to ask for a POF however you do not need a POF when dealing with the homeowner directly, if anything have your buyers provide a POF and use that for the property it will show that you actually have the ties to lock up the property and go through the process.