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10 October 2006 | 1 reply
.($2200-$2500 range)However, when I checked with large banks, just filling up the application on line, with the same data , result of payment amount is even twice as much comparing with some of the estimates from places I called.Please tell me; are these small companies crooks ?
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13 June 2007 | 4 replies
Just some comments to flipper 101 as to that land contract transaction that went south.Well it does not surprise me since anybody can bind the other and to split the legal title with the seller and equitable title going to the vendee or buyer can lead to diasterous results on the title on the property if the buyer claims an equitable interest which he has..and getting a tenant out if he defaults can proves to be a nightmare and how he binded you by encumbering the property is unbelievable.If you suggest using an outside entity such as a trustee why not just use a land trust and get all the benefits of using that enitity and thus by the trustee holding bot the legal and equitable title called the doctrine of equitable conversion now you have a situation where not other party can take advantage of one another and you would all vote to your designated trustee on any and all affairs of the trust property due to it being a beneficiary directed trust so you must ALL be in agreement, sure avoids litigation and disputes and no one can circumvent you on your investment.I know that feeling of getting burned which is why I use land trusts in my investing since all parties are equally protected in any given transaction.We all made our mistakes in this business..that is for sure..
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15 October 2006 | 3 replies
I've been advised that using having an active RE license can result in possible liabilities if engaging in any creative investing, therefore not to be affiliated with any brokerage.
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9 November 2006 | 2 replies
I'm getting ready to send them out so I don't have any results to tell you about though.
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29 July 2010 | 24 replies
The investor took months and probably $15,000 to fix it up, listed it with a realtor, waited months and finally sold it and made $15,000.
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23 October 2006 | 2 replies
As a result, I noticed a trend in the taxing entities having large increases in assessed values.
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20 November 2006 | 4 replies
Acctually went in low and lost a couple of deals as a result but was able to zero into what I would have to offer for what I wanted.
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7 December 2006 | 9 replies
So I tried to call the realtor that was listed and after about 4 days, I finally received a call back from him.
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14 December 2006 | 11 replies
Ryan, well I don't know how realistic it is to expect anywhere else, I'm just saying what my results have been up to this point in my own market.