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26 February 2018 | 4 replies
So I was wondering if anyone had any recommendations on real estate lawyers or anyone where I can get contracts drafted up ?
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4 March 2018 | 36 replies
We get third parties to check out our Midwest properties when we get them under contract.
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26 February 2018 | 6 replies
Since you have experience you could get deals under contract and bring investors in if you want to get 10 or x number more properties to grow your business.
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8 September 2018 | 76 replies
We used to diary all of our deals on here and stopped for some reason.Here are the basics on this property:Purchase price - $72,250Estimated repair budget - $45,000-$50,000ARV - $185-195kTaxes - $4338/yrHow we purchased:Purchased with financing from a local hard money lender who financed 80% of the purchase price and 100% of the renovations at 12% interest only and 3 points charged at closingUnit Breakdown:- 1st floor is a 2-bed/1-bath 900 sq ft unit - Projected rent after rehab $900-$950- 2nd floor is a 2-bed/1-bath 900 sq ft unit - Projected rent after rehab $900-$950- 3rd floor is a 1-bed/1-bath 600 sq ft unit - Projected rent after rehab $700-$725How we located the deal:- We zeroed in on this foreclosure deal after it fell out of contract on the local MLS.
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26 February 2018 | 7 replies
And asking for the contract...Why?
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26 February 2018 | 6 replies
Do we establish a notarized contract and nothing more?
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25 February 2018 | 0 replies
Do we establish a notarized contract and nothing more?
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26 February 2018 | 0 replies
The assumption package provided by the current mortgage holder is fairly straight forward except that it states we need a "sales (assumption) contract between seller and buyer."
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26 February 2018 | 2 replies
I was wondering where do you get the contracts that you use?
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4 March 2018 | 13 replies
But this way you can also sell homes and take a commission instead of just assigning contracts