James Lawrence
Am I barking up the wrong tree with real estate investing?
17 October 2015 | 10 replies
Okay - I'm seeking input from some seasoned / battle hardened real estate investors about my next investment move.Here is a synopsis of our circumstances and what my goal is: 1: I am unemployed (semi-retired or you might say fully depreciated in my industry;-), but I continue to look for work. 2: I have a strong operations background and know how to determine whether I can turn a profit on an investment 3: I have a respectable amount of capital available for the right investment 4: I am not afraid to micro manage an investment project5: Perfect world I would like to "net" a minimum of $2500 per month within the next 10-12 months and would like to continue increasing that amount through further investing6: Any return on my investment "must" give me a minimum of a 10% return on my investment.7: I am pre approved to finance up to $200K Some personal notes: My son has a mild disability and is our greatest concern.
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Call Homeowner directly vs working through listing agent
19 October 2015 | 7 replies
He hired someone to be his agent so I would respect that and go through the route he setup.
Daniel Smith
New to the real estate industry
20 October 2015 | 5 replies
I personally deal more with land flipping rather than house flipping, but I can certainly respect the potential in the house flipping market.
Luis Aviles
Are wholesale contracts specific to each state?
21 October 2015 | 6 replies
Bill Gulley,As I respect your opinion even with all of the sarcasm, the forum was posted to acquire more information about the process.
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Seeking Feedback
20 October 2015 | 0 replies
What is the most common "Sweet Spot" with respect to sale.
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Wholesale Central Florida
22 October 2015 | 8 replies
If Seller fails to perform, all loan, sales processing and closing costs incurred whether same were to be paid by Seller or Buyer will be the responsibility of Seller, and Buyer will be entitled to the return of the Binder deposit.This will include, but not be limited to the transaction not being closed because Seller is unable to complete the transaction for a qualified Buyer, or because the property does not appraise for an amount sufficient to enable the lender to make the required loan, or because Seller elects not to pay for the excess amount in paragraphs 4 (with respect to repairs), 9, or 11, or because the zoning is not as required in paragraph 16 or because Seller cannot deliver marketable title.6.Prorations:All taxes, rentals, condominium or association fees, prepaid hazard insurance premiums (if assumed), monthly mortgage insurance premiums and interest on loans will be prorated as of the date of closing.7.Title Evidence:Within _____days [] after acceptance [] after date of satisfaction of all conditions in paragraph 19.
Miller Josh
Book keeping for rental properties
22 October 2015 | 8 replies
It takes an understanding of the fraud environment and risk factors to develop a testing plan.