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5 July 2015 | 12 replies
It can be accomplished after a reassignment in which the tenant buyer puts an equal or greater amount down after your (investor buyer) initial down payment.
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5 July 2015 | 7 replies
Yep, after you learn the principles of real estate, you know, the stuff that doesn't promise you'll make a million by Christmas, just the basics, like what real estate is, why it is unique, what rights of ownership there are, types of deeds, title, what title insurance is, how property is valued, what liens and encumbrances are, how to read a legal description, what bilateral and unilateral contracts are, what is necessary in a contract, what a leasehold interest is, how settlements are accomplished and the laws surrounding transactions.
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14 March 2016 | 4 replies
It was not my first choice however accomplishes many of the goals and reduces the overall project cost significantly.
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11 July 2015 | 13 replies
@Tracie DavisWelcome to the beautiful world of investing your in a roller coaster ride.
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29 August 2016 | 9 replies
I lived in Ocala a few years back, I hope it's as beautiful as when I left.
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6 July 2015 | 0 replies
These costs have already resulted in PMs that serve smaller (less than 25 homes) HOAs to go out of business.The fees, business costs and government involvement would be more tolerable if the law accomplished its’ intended goal of consumer protection.However, the law is vague on the most simple demands and accountability for property managers: 1) there are no direct statements mandating PMs comply with all State laws and an HOA’s governing documents 2) no direct statements that require PMs to advise an HOA when they observe non-compliance with the law or to report to DORA when such advice has been ignored and violations continue3)no direct statements that hold PMs accountable when they carry out requested actions of a Board that are in non-compliance with the law or an HOAs governing documents 4) no mandates for PMs to provide home owners with a detailed explanation or legal justification of fees and assessments (such as the HOA Transfer Fee) they independently impose and retain and 5) no requirement to explain and justify in detail all PM fees in their contracts with the HOA.Repeated requests to DORA (Department of Regulatory Services) and legislators from Colorado’s largest HOA home owner’s group, Colorado HOA Forum, to include these simple specifics have been rejected making reform and enforcement for home owners very difficult.Legislators also refused to include in the Law assistance to smaller HOA PMs by reducing their licensing costs and requirements.Licensing also witnessed an unprecedented and disturbing legislative act.The Law contains language directly promoting a private entity’s (CAI) sales products and educational courses.It also allows the industry that is to be regulated (CAI) to develop and complete State educational, testing, and credentialing requirements none of which have been officially reviewed or approved by the State.Then there is the missing legislative mandate in licensing rules to address meaningful “full disclosure” of all fees and assessments on home owners by PMs.Specifically, the HOA Transfer Fee that cost HOA home owners millions each year will continue without any limits or justification.DORA decided a one-liner on home closing documents with no receipt and/or detail of charges is “full disclosure” of this fee.Legislation/licensing that is crafted by the interest group to be regulated should be disconcerting to home owners and businesses.The CAI has dominated the PM industry and HOA legislation in Colorado for decades.Their influence and leadership has led to the need for licensing and reform.July 1, 2015 was to be a good beginning on reforming the abuses in the PM industry but HOA home owners will sadly see little change.
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16 July 2015 | 14 replies
Here is my take:If I, as a community owner, have a 1-3 star community, chances are pretty good that my main focus is "fill" and I may not have the marketing program or sales force to accomplish that goal.
13 July 2015 | 15 replies
I want to teach my siblings (oldest of 9) and mother of a beautiful 2 year old to be more than just academia.
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13 July 2015 | 5 replies
Making lemonade out of lemons is probably one of the best adages I can think of for learning to be creative and solving problems in real estateif there is a problem with a property or dimension issues you dont always have to go to a contractor to solve the problemcontractors have a certain mindsetand are operating on a specific paradaigmhere are some solutions I have done in the past that have really worked and paid dividendsi had an ejector pump in a bathroom and the space was covered by a makeshift door I decided to have a custom cabinet built that functioned as a trash receptacle and had shelves as well now the unsightly space is home to a beautiful custom cabinet that can be easily removed for servicing the pump when it needs it problem two I bought a house that had front of the shower enclosure removedrather than buy another shower enclosure cost 500.ooi opted to replace the front wall with backer board and tile the front and ended up with a beautiful custom look cost was cheaper than replacing shower enclosure and the look is twice as good problem threewhen i bought my house there was a hole knocked out one of the walls about the size of a door i suppose thieves came in from the crawl space into this part of the house when it was vacantrather than close in the spacei enlarged the crawls space door poured a concrete floor and created a second exterior doorway to the space making the downstairs ready to become a legal apartment.
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24 September 2015 | 7 replies
There's also ways to accomplish proper service through "substituted service" where it's not necessary to personally serve the defendant.