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14 May 2013 | 15 replies
As Bill Gulley knows what he is talking about re: the CFPB and SAFE Act, when you are in the lease option arena of real estate investing, you need 2 things to do it well.One is a licensed mortgage originator "that is not you" to look at the 1003 app and give a professional opinion as to lend-abilty.Two is a Credit Improvement specialist to assist the tenant buyer in improving their FICO score.I like an easy going seller that understands patience with the success of the process to get the loan, and I also look at the coachabilty of the tenant buyer, willing to be coachable as to debt to earnings and paying down debt to get a mortgage.I beleive this is harder than wholesaling in some ways, as you are coaching-teaching sellers and former renters how lease options and mortgage orgination works.But if you are in a RE location where there are not alot of wholesaling opportunities, buying on terms and renting out or selling on lease option is viable alternative, as long as you follow the new rules.See http://www.realtor.org/topics/seller-financing/the-safe-act for SAFE Act Final Rule: Seller Financing and REOs
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21 March 2017 | 36 replies
Anybody can state that they intend to do business in the future.Also, if the IRS were to ever seek to disallow your 401k, it seems that the alternative is that you COULD have just put the money into an SDIRA without having to worry about the sponsoring-business requirement.
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9 June 2013 | 5 replies
Is there an alternative and good android phone for business that you would recommend?
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18 September 2013 | 15 replies
Alternatively, hire someone to clean up this mess and then regrout.If you have already paid someone to install their tile, I'd be all over them to fix their sloppy work.
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16 January 2014 | 5 replies
Bought several from hudson, and one from each of the others. 95% of the time, these are still listed on MLS, the bank is just 'trying' an alternate disposition strategy, so you can still set showings and SEE the property.
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13 February 2014 | 17 replies
I didn't purchase the list, but if the MFR inventory in Dallas doesn't change, I may consider doing this as an alternative option.
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30 March 2014 | 5 replies
You simply have to be willing to put in the time to educate yourself and carry out the necessary due diligence for whatever alternative asset you want to become involved with.
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11 June 2013 | 7 replies
In issues such as these it's not sufficient really to look up statutes and run off trying to manipulate a buyer, you need to consider what they might be able to do and throw up road blocks the best you can to those alternatives so they are not sought, lawyering, not just wack a mole tactics.
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26 May 2013 | 13 replies
It's also a great way to show alternate layouts for a space that may have multiple uses.
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1 June 2013 | 9 replies
He will also get a better rate on his money than he would after tax receiving a lump sum and investing in some alternative investment.