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16 June 2013 | 15 replies
-Liability: If they get injured improving your property, and they aren't licensed, bonded and insure, their kids might come after you for injuries!
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18 June 2013 | 16 replies
No injury but, no witnesses though so they are sueing us because the bars on the railings should have be 4" instead of 5".
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24 June 2013 | 16 replies
Hey Dan Shoemaker I can try (put it on Facebook, etc) but the best way is to start a thread in the Networking forum and trigger people's Keyword Alerts.
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3 July 2013 | 8 replies
Found a property in Nashville, actually Old Hickory, with good numbers thought I'd run it by my BP friends before I pull the trigger (this is my first buy and hold cash flow property).
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9 July 2013 | 7 replies
Howey which states the structure is:1. investment of money due to2. an expectation of profits arising from3. a common enterprise4. which depends solely on the efforts of a promoter or third partyIf you say yest to all four then it is a security and will trigger the need to register the investment with the Feds and possibly the State regulatory agency.Common ways to avoid the expensive process of registration is to structure an LLC with all members participating in management or a tenant in common ownership structure.The other way to enjoy the benefit of raising private money is to avail yourself of the exemption rules.
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11 July 2013 | 6 replies
I plan on being extremely conservative in picking the deal, it may take me a few months to find something but I'm not going to put the trigger until I find something that is going to work and make money.
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8 October 2015 | 27 replies
We are toying with the idea of this too but are 2-3 years away from pulling the trigger on something but have looked in the Manistee/Traverse City/Cadillac triangle and there are some great buys still in that area.
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17 July 2013 | 17 replies
It will greatly depend on your interests, how much spare time you have, and what type of funds you have access to.I had been in the analysis-paralysis stage of investing for the last few months but have recently started to pull the trigger on several things.
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15 July 2013 | 6 replies
This is a red flag area and the number one way lenders catch on that some interest has been conveyed, triggering the due on sale as they see the new insured.
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18 July 2013 | 5 replies
As a Realtor, here is what I’m planning to do to assist my clients who do not have credit, yet they have a good chunk of the money needed to purchase a home.1.The seller creates a Trust and deeds the property to the Trust.2.The seller signs a Trust agreement with the buyer and lets the lender know that such agreement has been made - the buyer is now the trustee; allowing the buyer, once equitable interest is obtained, via step 3, to purchase home owners insurance in his own name, without alerting the lender that a transfer of ownership has occurred and triggering the "Do on Sale" clause.3.Use a Land Contract with a 5 year balloon payment to establish the terms of the sale.