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6 May 2009 | 47 replies
They need to get out and avoid a foreclsoure and I can make that happen faster.Originally posted by Brain P:The first thing that strikes me when I read some of these posts are the greedy people who point fingers at the other side.
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4 April 2009 | 10 replies
And it was deemed that the lease to purchase agreement constituted a partial interest in the property for the lessee.Check with a local attorney for the proper wording to avoid such a situation if you choose the lease route.
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25 May 2010 | 15 replies
Just as long as the deal did not involve lying, and if all aspects of the sale were fully disclosed, then the transaction will probably not be labeled as fraudulent".While prospects of fraud do exist in short sale transactions these deals are being funded every day by national title companies.
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17 April 2009 | 19 replies
Usually, good deals come about from motivated sellers and not sellers who are not motivated and asking high retail price points.Yes, you want to get as much info as you can from the seller, the submit your LOI ASAP but keep in mind that what the seller gives you are tells you and what is actaully so are two different things.Granted this deal is no apartment building and therefore you will avoid some of the costs associated with that type of investment and therefore, your OE ratio will not be as high as 50%, but if you pay taxes and insuranc ean I would assume utilities, there is no way you can expect a 25% clip which is what the seller is pitching you.Teh info you really need to know is why is the seller selling?
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18 September 2018 | 16 replies
However I think it could have been avoided if there was communication with some explanation and clear plan forward at the time.
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30 September 2018 | 91 replies
That method is pretty much exactly the way my wife's and my mentor teaches to do it: Fix everything, price it right, and screen tenants carefully to avoid capex, vacancies, and trashed properties, resp.
23 August 2018 | 2 replies
I've done several mobile home deals in parks and in my experience, park models should be avoided. 1 bedroom homes, whether stick built or mobile, have a limited buyer pool.
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19 November 2018 | 4 replies
In the US, we tend to avoid using new builds for rentals because they are more expensive than currently existing houses.
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18 August 2018 | 6 replies
I am in contract and sign the first of next month.My concern is that the banker is telling me the underwriter may not approve the loan because the units are to similar and they will feel I’m only saying I’ll occupy the other unit to avoid the invester fees.
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17 August 2018 | 5 replies
Avoiding rental income to take advantage of refinance income?