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4 June 2012 | 5 replies
Commonly used are online resources like zillow, trulia and my personal favorite ******************* (one word) websites.
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5 June 2012 | 14 replies
Find a way to do extremely accurate budgets..
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5 June 2012 | 3 replies
A common formula used to day is:MAO = ARV X.65 minus repairs.
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11 May 2013 | 8 replies
I guess it would be extremely difficult for HUD (or any LL) to prove any unauthorized additional people living there, without proof/pics, etc.
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6 June 2012 | 4 replies
There are also countless incredible articles on our BiggerPockets Blog that you'll find to be extremely valuable . . . make sure to spend some time there and you'll be well on your way.Good luck and thanks for letting us be a part of your journey.
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6 June 2012 | 1 reply
In my research of county owned Tax Liens, I've found a couple that are for the common area of a sub-division (lake and park), and a townhouse community (street and parking lot).If I purchased the lien, and then ended up the the deed, could I say block access for the residents if they didn't pay me for my time, expense and some profit?
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16 July 2012 | 22 replies
, I wasn't calling your question obnoxious (it's a very common question here)..."
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31 July 2012 | 18 replies
Just wanted to post this quote from an article I read, although I think banks are still ignoring it (as common sense does dictate main goal should be to make sure you are making a good loan that won't default, not that you are not penalized for making a bad loan), regarding it not affecting their default numbers: Banks didn't want their Compare Ratios to rise.The FHA has acknowledged this issue and, similar to how HARP II waives reps and warrants on HARP refinances, the FHA will now exclude FHA Streamline Refinances from its Compare Ratio calculation.
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12 August 2012 | 19 replies
Agreed, and all that I have been associated with the value was alway higher the the mortgage owing, but did have one with other liens, taxes and judgments, which were cramed as to the lien but remained due from the owner, an unusaul situation.Cram downs were rather common in bankruptcy years ago, where a lender may have to accept less, but ED is not a bankruptcy.
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11 July 2012 | 13 replies
This is more commonly observed in higher crime areas.