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25 October 2016 | 5 replies
My main objective is to establish the first two of many loans and begin building a relationship.
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23 September 2016 | 8 replies
What would you have on your mind as objectives to accomplish while there?
28 December 2016 | 7 replies
Also, 99% of my tenants have no idea what a hard vs soft pull is so that's never been an objection for me, nor has anybody ever said it hurt their score when I ran their credit.
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10 January 2017 | 30 replies
For any questions about scripts, objections, screening, and processes please reach out to me directly.
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13 December 2016 | 3 replies
Stating your general life goals also needs some time to itself because even though I don't have the experience, I've constantly heard other investors in the podcasts and forums telling you to list out specific goals and objectives.
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14 December 2016 | 13 replies
But getting some cash flow, huge interest deductions, huge depreciation deductions, high principle paydown (higher than normal since the downpayment is small), and then appreciation, I am very happy with my decision to use it as a wealth building tool.
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16 December 2016 | 20 replies
Object to any statement about repairs, poor service, whatever.
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13 December 2016 | 5 replies
You have $25K in acquisition on each of those and an interest payment of around $3K a year (the remainder of the mortgage is a return of principle to you paid by your tenant).
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13 December 2016 | 14 replies
So pretty good argument that these conditions would stick under the principle of freedom of contract, regardless of whether the property code would generally lead to a different outcome unless this is deemed contrary to public policy for grown-ups to agree to this (doubt it but maybe tenants are selectively handled under the case law roughly like children in the sense that the average tenant may be deemed by the courts as essentially lacking the capacity to agree to modifications of the security deposit conditions that may disadvantage them).Also, "Abandonment" is a defined term:(3) "Abandonment" occurs when all of the following occur:(a) all occupants have vacated the Property, in Landlord's reasonable judgment;(b) Tenant is in breach of this lease by not timely paying rent; and(c) Landlord has delivered written notice to Tenant, by affixing it to the inside of the main entry door or if the Landlord is prevented from entering the Property by affixing it to the outside of the main entry door, stating that Landlord considers the Property abandoned, and Tenant fails to respond to the affixed notice by the time required in the notice, which will not be less than 2 days from the date the notice is affixed to the main entry door.But as is occasionally the case in this lease, terms are defined but then used in a de-capitalized manner earlier or before, which permits the legalistic argument that the de-capitalized use of the term is broader.
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14 December 2016 | 9 replies
(formula = (Market Rents per appraiser * 85%) > (Principle + Interest + Taxes + Insurance + PMI)An appraisal will need comp's similar to a property like this, which I believe will be tough to find and am concerned about not being able to get a loan because of it. (3) Are there ways around this?