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20 December 2017 | 6 replies
If someone with a 10 year old credit card with no late payments adds you as an "authorized user," you will inherit that 10 year credit history most of the time -- so you can in theory be 19 years old and have a FICO score otherwise only obtainable by a 28 year old.
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28 December 2017 | 4 replies
The lender inherits the problem property...kind of like REI's version of a broken used car.If not collateralized - Proactive Risk Control is usedProactive Risk Control - Steps for Loan/Cash transfer and Use:1 - Part of the Loan/Cash is used for a Down Payment on a NNN Commercial investment.2 - NOI from NNN must cover the following (but doesn't need to make a profit) - A - Debt Service on NNN B - Interest Payment on Original Loan C - Credit Partner % (if you are not the credit partner) Note: Due to the nature of the NNN lease, all that is needed here is for the NOI to cover the above (A - C).
22 December 2017 | 57 replies
I suppose we should use UPS.Ooops,UPS loses family's $846K inheritance, refunds $32 shipping feeThe intended $846,000 delivery was a bank draft, which still hasn’t been refunded 10 months later.
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4 May 2018 | 10 replies
After a few phone calls we discovered the seller was a landlord by inheritance and wasn’t savvy with the process.
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4 May 2018 | 3 replies
I inherited a single family house in a nice neighborhood in PA.
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5 May 2018 | 25 replies
Discounts in excess of 20%, much more if inherited or the seller is facing time deadlines.No banks, no 'partners to check with', no messing around.
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4 July 2018 | 4 replies
Don’t risk inheriting the seller’s errors and/or headaches.Whether your new purchase is meant to be owner occupied or an investment property, demand vacant possession or walk away.
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4 May 2018 | 3 replies
Explain to them that if they sell, they likely will have substantial tax consequences but if you inherit the properties, they are "stepped up" on the tax basis.
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4 May 2018 | 9 replies
Important to this discussion is that there was some commercial property my grandpa owned, which my dad then inherited, which in turn my brother and I inherited.