24 April 2019 | 2 replies
(source: ZD Net by CBS - Land Registry to Trial Blockchain for Conveyancing)So, while there are different types of securities that are going to be registered an transferred on a public ledger, from now on I will focus on the commercial real estate (CRE) asset class.
2 September 2018 | 1 reply
Assume an accredited investor and no securities law issues for simplicity.1) Homeowner pays for a legitimate appraisal.2) Homeowner grants the right to Investor to receive 10% of any appreciation above the appraised value when and if the house is sold.3) In exchange, Investor pays the homeowner an amount equal to 10% of the appraised value, with 20% down and the rest on an interest-only promissory note held by Homeowner.4) The note bears interest at Prime + 0% and does not have any origination fees or prepayment penalties.5) The investor gets credit for 10% of the eventual net proceeds from sale with the net being 10% of net sales proceeds less the remaining balance of the loan.6) If the investor defaults on the loan and fails to cure the default, the claim on the equity is forfeited.7) The homeowner remains fully responsible for costs of maintenance, insurance and taxes, but this is offset somewhat by the interest on the loan and the cash received upfront.8) Presumably if there is a gain beyond the homeowner's basis, there is no tax for now unless the proceeds exceed $250k for an individual or $500k for a couple.
6 September 2018 | 10 replies
It was just a book I ran across at the public library in my hometown in 1993.I read that book cover-to-cover.
13 August 2018 | 8 replies
Having been involved with the paying public for many, many years now, late fees do nothing for the person that's inclined to pay late.
11 August 2018 | 3 replies
I’d like to finance the property to someone who maybe can’t qualify for a conventional loan and secure a loan for them at slightly above or at the market interest rate.Does anyone know how to go about doing this from a legal/underwriting perspective?
16 August 2018 | 6 replies
If you have a security deposit, that's your bargaining chip.
12 August 2018 | 11 replies
The tenants’ security deposits should transfer to the new owner (you in this case) because you’ll ultimately be responsible for returning them to the tenants when they move out.
12 August 2018 | 4 replies
Should I just keep the security deposit as last months rent and let it go?
11 August 2018 | 0 replies
I've ordered new security lights and will get those up, hopefully before new people move in, and will likely install cameras as well (perhaps not if I put the fence up).
15 August 2018 | 5 replies
They even said they would let us secure a tenet in there before we owed then the 90 grand.