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6 January 2021 | 32 replies
It’s like worrying about who will be president , it’s outside our circle of influence.
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15 December 2020 | 13 replies
I'd start with your personal network and identify any in your sphere of influence that fit that criteria.
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15 December 2020 | 6 replies
Currently, I have no real experience in real estate, but I have family members and influences in my life who invested in real estate and inspired me to pursue real estate investing to build long-term wealth and achieve financial independence.
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15 December 2020 | 1 reply
In the book Influence, he (and many others) have talked about the Law of Reciprocity.
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15 December 2020 | 3 replies
I just got a quote for another property and it's substantially higher.
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15 December 2020 | 14 replies
As indicated, I believe in 15 years, even with a correction in that span, the property will be worth substantially more than today in inflation adjusted dollars.
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15 December 2020 | 0 replies
Any such cash differential shall be applied to Buyers` Cash at Closing.”Let me give you a simple example of a situation where the appraised value is less than the sales price and how AGC can be applied to save a deal…Now that we have seen an example of how AGC can be applied, let’s analyze its strengths and weakness…ProsConsActs as an insurance policy to the seller against a low appraisalOften results in the buyer paying more money for less equity in the homeAllows a buyer to improve and offer without raising the purchase priceIt is not financed through the bank/lender (paid in full by the buyer)Allows the buyer and seller to transact outside of a lender’s domainIs binding upon acceptance of the offerTo demonstrate the negative effects of AGC let’s take the same example from before and compare a few scenarios…Appraised at 100kAppraised at 90k (w/ AGC)Original Sales Price$100,000$100,000Appraisal Gap Coverage-$5,000Appraised Value$100,000$90,000New Sales Price$100,000$90,000Seller Gets$100,000$95,000Buyer Pays$20,000$23,000Alternative Approach It is clear from the example above, that AGC has the potential to force the buyer to pay substantially more for a home that has a lower expected value than originally anticipated.
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15 December 2020 | 2 replies
Assuming you are responsible, you are going to have to find a way to prove that responsibility OR provide a substantial down payment at the beginning of the agreement that you will forfeit if you don't meet your responsibilities in the deal.
16 December 2020 | 4 replies
But that usually means the seller wants a substantial chunk of cash upfront so it might not fly.I'm a lease option guy and have been working these deals for 27 years.
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16 December 2020 | 5 replies
I’ve also found that the reason behind the red tag can influence how hard or lenient they are with you.