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2 December 2014 | 25 replies
Marie Poe thanks for the clarification on terminology, what you're describing is how we intend to go at it (still working on saying everything correctly myself)
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11 June 2016 | 44 replies
If so, how would one structure the deal (maybe use one example scenario to describe this).
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19 December 2014 | 8 replies
Killing mold - especially when you've had as much as you described here - will not solve the problemHidden MoldsEven if you were to take the shortcut - and take your chances (legally speaking) by spraying something on the walls to kill the obvious molds, you can't spray into the area behind the wallboard.
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6 December 2014 | 4 replies
What you describe is the opposite...
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2 December 2014 | 5 replies
If Ohio is a mortgage state with a long foreclosure process then I can see why the lender wants title... they are not a lender at that point as described above but they are a JV partner.
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2 December 2014 | 6 replies
But if I understood you correctly, then when using a credit partner I would structure it opposite of how you described (e.g., your partner provides the upfront capital needed for acquisition and rehab, and once finished you are added to title and will take out a loan/LOC in your name--from there your partner should compensate you a percentage of equity and/or a percentage of the cash flow for the use of your credit).Just remember, the lender’s security interest in the property is constant regardless of whether the persons listed on the deed are obligated to repay the mortgage loan or not.
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8 February 2016 | 60 replies
The link below will describe the requirements and limits of the program:MHP ONE Mortgage ProgramAdditional information on this and other MassHousing loan programs can be found here:MassHousing ProgramsNow, much as I would not encourage anyone to be a MA landlord for reasons beyond the scope of this note (you can find tales of MA landlording miseries elsewhere), in your case you mentioned you might consider taking on such a thing.
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10 July 2017 | 15 replies
Do you have any resources or posts of yours that describe that process?
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9 December 2014 | 7 replies
That seems ridiculously low for just what you described.
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9 December 2014 | 7 replies
She used a colorful word to describe her father.On the other hand, my attorney suggested waiting 2-4 months after probate is filed, because of what Sharon Vornholt said.