Joe McCall
Realtor Going To Jail for Doing an A-B-C Short Sale?!
1 July 2013 | 23 replies
Jeff the problem with interpretations of things is you will see it one way and the government or a banking entity will see it another way.Some look at the lender taking the hit as an implied agency.So your prime fiduciary duty to the seller and then secondary to the bank.Many ways to look at it.As a licensed broker I simply do not get involved in these types of deals.The pay day does not equal the headache or the risk to the license.This is where to an investor the payday might be so large that they take the risk but to the broker/agent it's not worth it.
Bryan Hancock
50% Rule Of Thumb And (Hyper?)Inflation Hedging
30 July 2011 | 7 replies
You could double hedge with entirely leveraged RE for the possible runaway inflation and have equal cash for runaway deflation.A company that has equal cash to debt is thought to be pretty healthy.
Leslie Shapiro
Understanding County Auction Results
17 August 2011 | 3 replies
Leslie, Short answer (from the perspective of a Colorado Realtor/Investor) is: Case #1: The Plaintiff now has a lien equal to the deficiency balance of $85,453 + the $2,500 bid price against the defaulting borrower.
Kyle Meyers
LLC Headaches
21 August 2011 | 14 replies
In California, a "professional" tenant can make life a living hell for a landlord unless they have somebody equally experienced to combat them.Never bring a knife to a gun fight.
Daniel Casaca
Best type of Real estate investment for a young person
9 October 2017 | 40 replies
So just imagine the property when it was first completed, that should be your guideline to rehabbing) minus PURCHASE COSTS (home warranty, fire insurance, title and escrow) minus OPERATING COSTS (months vacant either sold or leased, yard maintenance, utilities, garbage, water) minus MONEY COSTS (traditional bank loan, lines of credit, private money, hard money, interest only, points at close on escrow) minus SALES COSTS (Brokerage fees, Property Taxes, Title, Escrow, Buyers Concessions) equals YOUR BUY PRICE.
Greg P.
Which one would you rather have?
25 August 2011 | 25 replies
Option 1: 5 rental properties paid in full every year with rents equaling in gross $1200/mo each.Option 2: Rehabbing 12 properties every year with a net profit of $25k each property.Option 3: Wholesaling 48 properties a year with a $5k profit on each property.And you can repeat the process over and over for however long you wanted.
Joseph L.
Anyone partner with an agent and contractor?
24 August 2011 | 6 replies
Now the agent, he would not be getting his commission from selling the house and then his profit split but we would include the amount in the profits so we equally get our %of profit.
Raj R
Any advice for a complete newbie?
25 August 2011 | 1 reply
All other things being equal, I would suggest presenting/listing your product (flip property) at the beginning of the highest sales season.
Raquel Mangual
New to the lease option game
21 September 2011 | 4 replies
Wait that long and the house won't appraise which equals tenant/buyer doesn't get mortgage which equals seller has to lower their price or move on to a new tenant and a whole new contract.