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7 April 2021 | 15 replies
In reference to @Peter Walther post about foreclosure, the following is copy & pasted directly from the State Bar of Wisconsin Form 11-2003 Land Contract:"Purchaser agrees that in the event of a default in the payment of principal or interest which continues for a period ofdays following the due date or a default in performance of any other obligation of Purchaser which continuesfor a period of days following written notice thereof by Vendor (delivered personally or mailed by certifiedmail), the entire outstanding balance under this contract shall become immediately due and payable at Vendor's optionand without notice (which Purchaser hereby waives), and Vendor may singly, alternatively or in combination: (i)terminate this Contract and either recover the Property through strict foreclosure or have the Property sold by foreclosuresale; in either event, with a period of redemption, in the court's discretion, to be conditioned on full payment of the entireoutstanding balance, with interest thereon from the date of default and other amounts due hereunder (failing which allamounts previously paid by Purchaser shall be forfeited as liquidated damages for failure to fulfill this Contract and asrental for the Property); (ii) sue for specific performance of this Contract; (iii) sue for the unpaid purchase price or anyportion thereof; (iv) declare this Contract at an end and remove this Contract as a cloud on title in a quiet-title action if theequitable interest of Purchaser is insignificant; (v) have Purchaser ejected from possession of the Property and have areceiver appointed to collect any rents, issues or profits; or (vi) pursue any other remedy available in law or equity.
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12 April 2021 | 2 replies
That said, I want to own this property by myself, and do not want to be splitting profits for the next 30 years with someone else.What kind of risk does she take in the event I totally blow the deal and for some reason can’t make the monthly mortgage payments?
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8 January 2022 | 3 replies
I found a few articles etc. that seem to say it is a nice event for knowledge and expanding your network.
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10 December 2021 | 11 replies
You can meet local investors by registering to attend real estate events in your area: https://www.biggerpockets.com/forums/521-events-and-happenings7.
2 April 2021 | 4 replies
Owner financing can be enticing because it can allow them to string out the payment of the property so they will not be hit with a huge upfront taxable event.
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7 November 2021 | 16 replies
@Justin Bourn @Benjamin Taylor https://www.meetup.com/The-House-Hackers-Meetup/events/281250006/Meetup tmr oct 21st at improper city if you can make it!
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18 January 2021 | 2 replies
The Beach condo during the seasonal events/boat races rents for $25k-$30k a month.
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25 January 2021 | 8 replies
In any event, I just tweaked that agreement a little for my specific fact pattern and that was it.
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4 April 2022 | 29 replies
Not sure which weekend yet but I’ll make a BP event for it and try to get the word out.
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30 December 2020 | 55 replies
Where you are released from your lease in the event that you purchase a home.