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23 December 2013 | 11 replies
I would run not walk away from this deal.
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26 December 2013 | 10 replies
Check out the Start Here page http://www.biggerpockets.com/starthere Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.
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24 December 2013 | 8 replies
I don’t need properties with granite countertops or walk in closets as I don’t plan on stepping foot inside of the properties.
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24 December 2013 | 7 replies
I have bought properties that needed roof and sometimes we would need to get on the roof to tell if there was one or two layers of shingles, but we always new how many layers before we started the job.You also said "they looked in the attic and didn't see any need for redecking" It would be blatantly clear from looking in the attic that there was more than one layer of shingles (look at the number of roofing nails sticking through the decking).As for uncovering bad roof decking during the tear off process, sometimes you just don't know until you tear off the shingles, other times its obvious from looking in the attic or walking on the roof.Sounds like this company has taken you for a ride.
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6 January 2014 | 23 replies
I told him I expect that she is not living there and in 3 months I'd be calling him to schedule an annual walk through.
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23 December 2013 | 7 replies
However, if the price is too high, the lessee can just walk away and shop for a different property.
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23 December 2013 | 1 reply
He sees his best chance as walking away from the place under the terms of Settlement, and taking the add’l credit hit for this, but being able to start fresh somewhere else.ACTION: I asked him to email me a few-sentence summary of what he owes, what the current state of play with the bank is, etc., and told him we’d look at the numbers and see if there was a way to help him.He has plenty of motivation, but negative equity.
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24 December 2013 | 7 replies
I explain the process, give them a stack of prepared deposit slips and they understand that is how they pay their rent.Very simple and no risk of you walking around with a wad of cash in your pocket on the same day at the same place every month like those "landlords" who like to get their money put in their hand.
13 March 2014 | 4 replies
If the former, it may be difficult, you'd just pick up the updates code book, and anything that's non conforming would fit the bill.
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24 December 2013 | 4 replies
Selling a home you'll be selling expectations with the property.I'd blow out an 8x8 in a heart beat for a nicer master, and the master is so small I'm not sure I'd make it a walk-in closet, more like an open sitting/dressing area with a wall closet.