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31 January 2020 | 101 replies
Now, perhaps using the words "under market value" is not the exact or proper wording as far as accounting or any other practice is concerned, however, my thought is not on what the proper words are, but the intent and what is actually accomplished.Secondly, I have purchased under market value on every flip I have purchased and after closing and before closing, used this to present to lenders, backed by reliable and public information, to establish loan to values, equity positions, and safety nets for lenders.
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2 November 2014 | 5 replies
I have been trying to figure out how to go about buying my first rental property while living out of state, and properly ensuring it is managed and cash-flow positive.
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14 January 2014 | 16 replies
Properly permitted and within local noise ordinance hours of course.Other than that paying them to leave sounds like the quickest option.
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16 March 2014 | 3 replies
The heating company boss (who got called down to our house by the contractor) deemed it so important to get replaced that he was pulling people from other jobs to get it done today.Needless to say my father-in-law is now a believer in my inspections (we also found a moisture problem in the bathroom causing the paint on the ceiling to peel that had never been reported by the tenants and fire alarms that were not functioning properly) and I'm so glad that I have a reserve fund!!
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13 January 2014 | 3 replies
BP we need help in how to handle these properties so we can properly and legally start producing the correct amount of Cash flow.
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14 January 2014 | 6 replies
Most of our rehabs are sold to fha buyers, as long as they have proper preapprovals, we close consistently without problems.
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3 December 2014 | 20 replies
To clarify, strike one is creating a balloon note on a consumer loan to a borrower with poor credit history, strike two is failing to service the obligation properly, strike 3 would be attempting to foreclose on the situation you set them up to.
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22 January 2014 | 36 replies
Each deed must be signed by the owner of record and filed in accordance with the state standards and mortgages must be released by the proper parties, etc.
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20 January 2014 | 10 replies
It's too critical in these matters to DIY.As Adam mentioned, initial consultations are often available at no charge, thereafter consider these expenses as the cost of doing business and spreading the cost in all the business you do, spending $50 in order to do a transaction properly is not a huge cost.I'd think that your investors would want things done properly.
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18 January 2014 | 1 reply
The Tenant/Buyer shall have the right to make such repairs, maintenance, and improvements, as the Tenant/Buyer shall deem necessary, proper or desirable.