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29 March 2009 | 5 replies
I guess my question is; What is a proper plan of action on buying and holding?
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7 January 2010 | 16 replies
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30 March 2009 | 1 reply
Let me answer the question from my point of view:I would never expect a lender to advance me funds directly - the money should ALWAYS be sent to a lawyer in trust.I would expect that my lender would want his lawyer to review the agreement between us to ensure that my lender was covered.I would NEVER expect a lender to lend funds unless the funds were backed up by a hard asset with a substantial sum of money invested in the asset by the person requesting funds.For example - I will have $ 40 K of my own cash into the deal for a house that is valued at $ 180K +, but that we are purchasing for $ 160K.
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6 May 2009 | 47 replies
Considering the plethora of training agents can get regarding short sales, many are trained or have resources available to them that will ensure they can succeed in a short sale situation.
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4 April 2009 | 10 replies
And it was deemed that the lease to purchase agreement constituted a partial interest in the property for the lessee.Check with a local attorney for the proper wording to avoid such a situation if you choose the lease route.
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2 April 2009 | 6 replies
I would think priming would ensure a better adhesion.
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4 April 2009 | 1 reply
I can not properly evaluate your deal with provided NOI.
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29 August 2018 | 20 replies
If you have an investor lend you money - that investors is not in a flipping business, he is simply a lender, loaning money to you.Let me reiterate what I said earlier: you should contact a professional and discuss your situation in details to get a proper guidance, you can only share limited amount on the forum... based on the above discussion I can't say that I fully understand your business model, if we were talking on the phone that would be a different situation, I can ask any clarifying questions I need to get a full understanding in order to provide you with correct guidance...
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20 September 2018 | 5 replies
A pre-transaction review would be meaningful and most smart investors will ensure they have proper guidance in advance of embarking on a new venture, but any custodial requirement for such would be entirely impractical.Further, most custodians requesting this are fully aware that some LLC providers are actually providing the review service and others are just allowing you to sign off saying they are your reviewer when they have no real intention of performing the service - at least not in a meaningful way.
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21 August 2018 | 4 replies
Whoever records the lien first has Senior/First Lien status all other liens are Junior to the First/Senior lien.There are some Super Liens that jump in line for some states like HOA, Municipality and Tax Liens for example.Hope this helps.Jeff VIn Oregon a properly filed materialman lien is a super lien.. not sure I know any other state that is the case.. so contractors who are on the ball and go through the proper steps to have a valid mechanics pre lien .. if it becomes a lien it jumps in front and the lender will cure.. ask me how I know LOL