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1 August 2018 | 2 replies
Just to fully understand things, in the unlikely event that one would foreclose due to ground rent; after a foreclosure auction, you would only get the amount for the lien that was placed on the property (for the undue ground rent), then anyone else like a mortgage company would get their portions, then any left over equity would be given to the property holder?
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2 August 2018 | 3 replies
The resales are non sense as long as you buy %20 Off market value because you have to sell the similar amount with your neighbors.I can only sell what I'd buy , I have to believe it to sell it so in this case I only believe in Single Family houses in Miami which is average of %8 Cash on Cash Return + Huge appreciationmy investors are Cash investors and their goal is Buy and Hold = Buy -Renovate - Rent and sell in 2-5 years for appreciation and repeat the process.Me as an agent , I will need to find the deals + Put my team together for Renovation and legal stuff + Rent out and Sell at the end of process and Find another one to buy etc.I don't want to be like a regular agent, I want my buyers to make top money so they can invest more and refer me more.
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29 July 2018 | 0 replies
We used a HELOC from my parents home to purchase this property, the loan amount on the HELOC was $140,000.
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4 August 2018 | 7 replies
They run it like any other business that you expect to make big money at .. they have VERY LARGE amount of working capital.. spend Hundreds of thousands a year in marketing..
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31 July 2018 | 16 replies
As for the deal, the seller increases the sale amount for each year I don’t buy.
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1 August 2018 | 4 replies
Hi Brad - I would be willing to talk with you about options to secure the loan amount using the suggestion above.
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14 August 2018 | 4 replies
That and surrounding yourself with like minded people...the amount of information is endless and free.
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6 August 2018 | 8 replies
We usually put up a small amount. somewhere between $10-$50.
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2 August 2018 | 2 replies
After the first year, the lease amount in the agreement increases $50.
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3 November 2018 | 7 replies
Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp The second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.