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3 March 2020 | 11 replies
@Romeo Kaado how are you im currently planning on attending a real estate class for my liscence,but due to my criminal past im scared to lose my money because the real estate commission is not giving me a sraight answer.My history only consist of drugs distribution,no sex charges,no violence, no theft,no robberies,nore fraud.Will that disqualify me from getting my liscence because i cant really afford to lose 400$
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2 March 2022 | 7 replies
But if you ask me what is the most important to have when acquiring multiple rental properties with multiple tenants, I would say that the number one priority is having a very strong insurance policy structure as your first line of defense for any unexpected/extraordinary events.
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16 May 2019 | 12 replies
Specifically, were projected returns fully realized, were fees and other charges excessive, were holding periods predictable, etc?
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26 April 2019 | 2 replies
An applicant has a trespassing charge from when they were 18, 23 years ago.
26 April 2019 | 6 replies
I believe they have not even ordered it because I have not been charged yet.
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4 June 2019 | 13 replies
I've built a financial model/software that I use personally and help other investors all the time as well free of charge.
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26 April 2019 | 7 replies
Of course, there is a MAJOR difference between an arrest or charge, and a conviction.
27 April 2019 | 8 replies
This would enable you to contact multiple agencies and have many agents helping you look for a possible renter.it is common for property managers to charge half a month's rent or a full month's rent leasing fee.
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26 April 2019 | 2 replies
@Erik SchofieldCongratulations on the growing family and for taking charge of your future!
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29 December 2018 | 13 replies
: 1) buy the house by using $50k in cash from a HELOC2) get an invoice from a contractor for the $15k in rehab costs before closing and put the $15k in escrow with your closing attorney in charge of the escrow3) on the HUD1 settlement statement, enter the $50k purchase price on line 101 as the "contract sales price", enter the $15k on line 103 as "settlement charges to buyer", and the total of $65k on line 120 as "gross amount due from buyer"4) the property gets rehabbed and the contractor gets paid through the escrow as the work is completed.5) get a tenant placed in the property after rehab is completed6) get financing on your property for the lesser of a) 75% of the ARV which is $67,500 or b) the "gross amount due from buyer" per line 120 on the HUD1 settlement statement which is $65k7) so overall, you get your $65k cash back out through a mortgage that is based on the "gross amount due from buyer" per line 120 on the HUD1 settlement statement8) you now have a rental property with a tenant paying your monthly mortgage and you essentially have no money left in the deal@Andrew Postell I read your other post, which was fantastic.