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3 January 2019 | 3 replies
However, what keeps me thinking is when I find the motivated seller/ deal and the motivated buyer - The part of the paperwork and transaction.
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4 January 2019 | 14 replies
.- “Landlord is required to supply at all times during tenancy…a unit in a clean and safe condition and the premises in a habitable condition…"- "Uninhabitable - ...Defects or conditions ... unhealthy such as cockroaches or mold..."
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3 January 2019 | 6 replies
Is the transaction once removed, meaning I personally want to buy the house (I'm not making money off of the purchase of the house, but the remodeling done).
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16 January 2019 | 19 replies
The transactions should be:Investor -> Wholesaler -> SellerBut my contract I had wasInvestor -> Seller To try and compensate he then sent me a copy of an assignment which I refuse to sign since he needs it signed by the seller.
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3 January 2019 | 0 replies
I usually like to do all the subcontracting myself, but decided to let the general contractor do it to safe time.
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4 January 2019 | 4 replies
You need both for wholesale transactions unless you are doing a double close.
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9 January 2019 | 11 replies
You will, iin general, potentially get higher returns the more risk you take.I also made the decision to invest in a higher class of property as I am just not ok with profiting off the poor (yes, i know they need houses to live in and there are folks that provide safe affordable housing) It is ok to invest in any class of property you want.
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4 January 2019 | 1 reply
Initially I thought about getting a hard money loan and doing a traditional transaction so that my in laws can get their money right away, however time is not of the essence Someone also told that me to save money (avoId poInts/fees/Interest) and just “partner up” with my InLaws and write a contract stating that upon the sale of their house, they’ll get their 400K and I’ll get the rest, have them give me a quitclaim deed to the property and i’ll pay their mortgage and expenses during the rehab months.
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4 January 2019 | 1 reply
If you have partnered with your Ira & lend $$ from your IRA in the scenario described it will be a “prohibited transaction” and blow up your Ira. see if you can get a non recourse loan from an allowed person, Ira, or company.
4 January 2019 | 5 replies
As a condo owner it made prices stagnate as this limits the buyer pool to conventional and cash transactions.