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14 February 2016 | 8 replies
And the mistakes that I believe that I made was 1- having him on the deed to begin with instead of just taking title myself- in doing so, I had to pay transfer tax twice.
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25 February 2016 | 14 replies
As for the title of this post, I was going to include that I'm semi considering long beach as an area to invest in using the same strategy, but you can ignore the Long Beach reference, lets stick to the N Hollywood area please :)
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15 February 2016 | 1 reply
I've always suspected--but I don't actually _know_- that this may be nothing more than someone refinancing their prior mortgage, and it shows up incorrectly as a change in title when the prior mortgage is wiped out with a new mortgage.
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14 February 2016 | 8 replies
I agree with others remarks about the 10% and especially about the need for that deposit check to be given to title company and the check written to the title company.
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14 February 2016 | 6 replies
Since I won't be meeting with the title company or anyone in person, how do the papers get done?
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16 February 2016 | 6 replies
I want to start as an wholesaler, or JV-wholesaling because I have the knowledge, contracts, real estate attorney, title company, real estate agent and I also have my cash buyers.
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16 February 2016 | 13 replies
Purchase Closing Costs= $10,7853.5 HML points/fee $3500 +Attorney fees $300 +Inspection $125 +Title search fee $200+ Title insurance $250 +escrow $5810 (monthly insurance is $114 x2 months and back taxes of $4980 from 1/2014 through 2/2016) +Recording fees 200 +Appraisal 400Holding costs for 90 days= $35,664$1,587: Taxes ($4,980 per yr)/Ins ($1,368 per yr.) = 529 x3 months (March, April, May)$3456: Interest only HML payments ($92,160 @ 15% / 12 = 1152) X 3 months$ 1137 Dumpster fees x 1 month (10 yard dumpster @ $379 flat rate per 10 days)$ 3500 staging fees x2 months$20000 Rehab (extremely conservative estimate, actual cost pending)$5000 Possible Repairs (extremely conservative estimate, actual cost pending inspector report)$300 City Water, trash, sewer (@100/mo)$900 Electric ($300/mo)$84 HOA (@$28/mo)$300 Lawn mowing ($100/mo)Selling Closing Costs and expenses = $19,380$ 7140 (3.5% of ARV)$ 12,240 (6% agent fee)Total Profit = 204,000 – 169,217 = $34,783 (before taxes)
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14 February 2016 | 0 replies
I'm asking again, i did get some answers before but the lawyers i was sent to do not Assignment Contracts or Double closings can someone please send me to a good Lawyer or a Title Companyny I live in Windham, CT and i need one like right away please.
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15 February 2016 | 1 reply
You did not mention any of the things in your title.
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2 March 2016 | 25 replies
@Rian AshIts very easy to change the names on title.