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12 February 2019 | 27 replies
Off market deals found by driving for dollars, networking, mailing campaigns, etc.Buying through a wholeseller.Foreclosures that can't get a certificate of occupancy for one reason or another, and there are some pretty dumb/minor reasons as well as major ones.The caveats to the list above are that you will need to do more of your own due dilligence to ensure the deal is a good one ... this includes:Doing your own comparative market analysis to make sure the price is a good deal, since there will not likely be an appraisal done in escrow.Have a title company do a preliminary title search before making an offer to spot any liens or title issues ahead of time, since title insurance may not be obtained in escrow.Have a general contractor walk the property with you (if possible) to validate scope and cost of repair work, since an inspection may not be done in escrow.Then, once you purchase, rehab, and rent the place, you can cash out refinance to pull money to put into your next deal if you like (called the BRRRR strategy around these parts) ... x10 of these for you, and x10 for your spouse = up to 20, 30 year fixed mortgages through fannie/freddie ... then you can go to local banks to get portfolio loans for more if you like ... or not and stay free and clear and the houses should print cash flow for you like little ATM machines ...
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20 May 2016 | 8 replies
In doing the foreclosure of right to redeem, you'll wind up paying title search fees, service of process fees, certified mail, etc..
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18 September 2010 | 2 replies
I do it via posts (like this one), blogs, e-mail, phone conversations, REI club meetings, IT club meetings (an excellent source for many passive investors), church, family reunions, vacations, etc.
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10 January 2019 | 2 replies
She first made up a story that the check was mailed...then 8 days later, when been confronted with her lie, she asked the property manager to come over and collect the rent including the late fees.
28 May 2014 | 32 replies
Most tourists and expats go to Ambergris Caye when they are in Belize, the mainland is still fairly well under developed, not so on Ambergris Caye.I am investing on Ambergris and may be biased, but there is a reason why I decided to, and if you look into the growth drivers in the Belize tourism industry (20% growth 2009-2012 in all of Belize, 57% growth on the Island of Ambergris Caye) you will see some of the fastest growth rates in the Caribbean.So it all depends upon what your investment philosophy is, I buy for long term cash flow, back end appreciation is a secondary consideration, costs of land are low in Belize (even on Ambergris) relative to the nightly and weekly rental rates that are being attained in the market.During the recession Caribbean tourism dropped 20%, in Belize it dropped 1.8% and although sales volume declined, sales prices maintained.So I believe It is best to speak with people who actually have the data on a market and are also directly investing to get reliable information.If anyone would like me to send them the raw tourism numbers, just e-mail me, I'd be glad to.
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12 January 2020 | 25 replies
In some counties 50 to 80% are overturned and it can be months or a year before you get your refund back, no interest paid, thank you.Here there must be 3 notices, publication, posting the property and certified mail to each individual deeded owner.
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11 September 2022 | 17 replies
Again I would say it depends also on what the notice is.If it’s notice to access a unit typically email would suffice but if it was notice default I would send it via email and snail mail.
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11 June 2016 | 13 replies
Access to MLS to check sales & rent comps, pictures, legal information about the title, ownership history, and most importantly you can make lists for any type of direct mail campaign you could imagine.
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12 June 2016 | 24 replies
I willBe doing mailing campaign soon in distress properties and absentee owners to drive my personal buy and hold strategy.
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28 November 2015 | 2 replies
I occasionally get pre-qualification notices in the mail.