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23 January 2014 | 5 replies
I was sitting here brainstorming ways to apply some of the outsourcing principles to my involvement as a new investor and thought I'd go public, since many minds are always better than one.So far I have a small list going, but would love to hear if you all have any other ways you have put either outsourcing, or any other 4HWW (muse creation, 80/20 rule, etc.) into your real estate businesses.Here's what I've come up with so far:Virtual Assistant (VA) tasks:screening MLS for potential dealsyellow letter campaignsGoogle Adwords tracking and implementationmanaging tenant screening process (background checks, tenant checks, etc.)tracking down absentee property ownersgenerating a list of every commercial building owner in your towncollection and aggregation of data in due diligence process for a commercial purchaseresearching cash buyers in targeted markets identifying common expense items in a new market (trash, electric, water, property tax rates, etc.)What else might make sense?
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15 January 2014 | 8 replies
Its not that I'm unwilling to play by the rules, I'm just unsure if it would still be worth it as someone just starting out.
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17 January 2014 | 8 replies
Back 2 units rent for $300 front units rent for $375. 2 separate buildings - front 900 sq ft, back 2 are 576 sq ft.My question - if the rental income is accurate, why is this still on the market even though it meets the 2% rule?
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16 January 2014 | 6 replies
However, most people don't follow SEC rules and the chances of them coming down on you are slim to none
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15 January 2014 | 18 replies
Meaning, to fulfill the 50% rule, a landlord would have to rent such a place for $1800-2000/month.
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18 February 2014 | 7 replies
If it will work with the 50% rule (or less if most of the utilities are separate and you plan on self managing) and a 30yr fixed @4.5% for $285K and assuming you live in the 1BR you would have $1,700 in expenses (I never reduce those just because you live in a unit, just my opinion) and $1,444 debt payment for a total of $3,144.
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3 April 2015 | 29 replies
Also, if you're actively licensed and practicing in any way, shape, or form, you're acting as a real estate agent.I had no idea of this rule and makes me want to go back and re-read the TREC Rules line by line again.
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9 February 2014 | 75 replies
It is certainly possible that your particular state has some statutory rule or other persuasive authority, but any guru giving a definitive nationwide answer on this issue is just guessing.
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15 January 2014 | 3 replies
@Florence Oxenham, In light of a recent California Supreme Court ruling admitting an ILLEGAL immigrant to the California bar to practice law, I suspect the same will have to be true for all other state licensed professionals and immigration status should no longer be a factor... http://www.nytimes.com/2014/01/03/us/immigrant-in-us-illegally-may-practice-law-california-court-rules.html?
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15 January 2014 | 0 replies
Remember these loans don’t have to follow the new QM rules that fall in our lap this month, so some borrowers may be electing to go with a non-conforming loan rather than a traditional loan.