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4 March 2016 | 1 reply
No one wants to sell (no surprise) and the one's who do won't accept FHA financing.
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5 March 2016 | 8 replies
Did we learn anything, yes but alot of half-truths too.Came home and created a Nevada S-Corp and put an LLC under it, assuming we would go national.Property bought was in Calif, so more expense to Foreign File both entities.Started looking into creating my own Property Mgmt (PM) business to control out-of-state holdings.Then I learned:PM requires a broker's license or to be under his control almost everywhereThat stopped National expansionwhich then made the S-Corp and LLC unnecessary (to me; I accepted personal risk)Did get good liability insurance and suggest an extra Umbrella policy if you're going to buy&hold (aka become a landlord).
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18 January 2016 | 6 replies
I have been visiting family most every year and now that I've retired I have been residing in both countries during the year I sold my ranch in Oz in 2010 and bought my first sfr in the central valley in 2012 cash during the next couple of years I tried to by others but could not get finance,as it turns out for various reasons i.e. no credit score for lack of history for the years I was away, foreign assets and income is not acceptable here in the U.S.
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20 January 2016 | 17 replies
@Kris Haskins If your market is as hot as mine then I would just pull the plug and put it back on the market and accept only conventional finance or cash offers...price it aggressively to attract more buyers.
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29 January 2016 | 7 replies
Not to mention, even if he were to somehow keep his license, I am fairly certain the best way to go about ensuring you NEVER again get business as an attorney is by utilizing your clients sensitive/private information exclusively for your own gain.Having said that, people seem to be getting more dumb/selfish by the day, so I can certainly see where your concern is coming from.
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21 January 2016 | 11 replies
@Jay Hinrichs I hear you...the problem with the NAR suggestion that a seller simply find a RMLO to facilitate the transaction is that the licensing authorities could then move against the seller for brokering without a license, and also move against the RMLO and their company for accepting TPO (third party originations) from a non-licensed person.
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21 January 2016 | 7 replies
I will no longer accept those that lived with family in the years prior, as I assume now that that is a cover-up for an eviction (the eviction may have gone to mediation and not finished and thus wont' show as eviction)
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4 February 2016 | 26 replies
@Jay Hinrichs i thought upgrading was a perfectly acceptable reason for obtaining another FHA especially if i actually intend to live there, please elaborate!
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20 January 2016 | 3 replies
If you have financing, you should review the promissory note and loan conditions to ensure everything is correct and acceptable.
24 January 2016 | 3 replies
You might use a lien, but if you can't own, what good would the collateral be if you can't accept title?