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6 December 2024 | 51 replies
I am 100% against prenuptial agreements.If someone is concerned about losing their investments, they should be careful who they marry.
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28 November 2024 | 4 replies
What sort of issues are we concerned about?
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3 December 2024 | 14 replies
most bankers are standoffish ;-)yes, the HML/PML will be higher cost, but my concern for you is the banker knows he can't do your deal, but will string you along for a while, ask for additional information that takes you time (and maybe cost) to put together and he ends up either ghosting you or taking 6 months to tell you no.I could be wrong and you may be dealing with a "unicorn" banker, but I believe a HML/PML that knows construction in your market will be easier to work with, actually close your deal, and end up "saving" you money in the long-term...just my 3 cents - even inflation has increased this!
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27 November 2024 | 3 replies
If the answer to both added questions would be "yes", then you have a potential goldmine here.Combining the seller's concerns, and the reality of a big down payment being a negative to the seller (see Q: 1), you should be able to set the terms, with a lower DP, and controlled interest rate, to have this property CF and,...be able to sell the package to another REI down the road,...as long as you buy this using an LLC (a new one).
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28 November 2024 | 4 replies
I wouldn't let any concerns about this deter you from investing in Section 8 (or other) properties.
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27 November 2024 | 2 replies
Here's what I've learned:Inspections Are Non-Negotiable: Always get a full inspection, but don’t stop there.Plumbing & Sewer: Have the plumbing and sewer systems checked specifically, as these are common problem areas in older homes.Electrical System: If the inspector flags any electrical concerns, bring in an electrician during the inspection phase for a detailed evaluation.
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29 November 2024 | 7 replies
If all else take your concerns to yelp and social media.
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30 November 2024 | 10 replies
They aren't too concerned with the type of transaction (traditional homebuyer/seller or investment).
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27 November 2024 | 16 replies
Or it could be that the recipient inadvertently dropped the email (it happens).But if two-way communication has been established and you’ve found that the sponsor is consistently slow to respond, that would be cause for concern.
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10 December 2024 | 100 replies
If prospects upload ID, pass a quick background check, and maybe upload a pre-approval letter, I think that answers both the security and tire-kicker concerns.