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13 January 2020 | 7 replies
Would you just record the deed in their name and when they are old enough they can take the reigns of the investment property?
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14 January 2020 | 21 replies
That has already happened to a limited degree in some markets where you can no longer deny based on background checks or eviction records.
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15 January 2020 | 10 replies
Well here's a theory floated by one of my bank loan officers.Since I used business funds (business Credit Line) to purchase the property, technically the business can record a mortgage on the property.
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28 January 2020 | 4 replies
Start with the capital you have, move forward with the project, build the track record and continue establishing and building relationships in the meantime.
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13 January 2020 | 4 replies
Or this is an expected question that should be asked every time until you build up a relationship of trust.It's one of those things, do I trust until someone gives me a reason not to, or do I not trust them until their track record proves that I can?
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14 January 2020 | 4 replies
💥It will take place this Wed. 1/15 at 4pm CSTPlease comment below if you’re interested in joining or DM me your email address so I can send you an invite.We will be recording as well.
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20 January 2020 | 5 replies
If I don’t hear from you in the next 10 minutes, I will assume you aren’t attending and I will move on to my next appointment.Using this system as dramatically reduced any wasted time I used to endure as part of the showing process as well as giving me data about their timeliness/responsiveness/respect for others' time.At the showing, I collect their completed application (sent via PDF prior or filled out on premises), scan their photo ID and last 2 pay stubs.Then, I do some digging around online (social media, court records, Google) and if it looks like they are representing themselves to me accurately, I contact them to set up a "contract to hold" meeting - usually the day after the showing since qualified applicants need to be "closed" ASAP.
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14 January 2020 | 3 replies
Especially if I dont have a lot of equity or a rental income record.
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13 January 2020 | 0 replies
Matt says to include:1. track record - bio/team members/skills/experience2. financial capacity - how much you are bankable for and how much equity you can bring to the table3. number of units/size of deals4. locations you're interested in 5. property condition (A/B/C/D?)
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23 January 2020 | 7 replies
I have an emailed copy of the executed deed from the law firm, it has been uploaded for e-recording, so I guess it's not technically recorded yet.