Mat Lewczenko
Hey CPA's! Peachtree or Quickbooks? What's the diff?
29 November 2010 | 3 replies
There are lots of third party tutorials and guides for using QuickBooks that can also be found on the web.I can't say that I know any best ones.
Edgar Martinez
Is it possible to Wholesale Fannie Mea REOs.?
1 January 2011 | 3 replies
This has been discussed before on this forum, so you might want to dig around...But, in general, expect that for any FNMA property, you will be subject to the 90 day resale restriction, during which time you can only resell for a 20% premium to your purchase price (and no, the basis for the amount does not increase due to closing costs or repairs you pay for).While it's possible to negotiate out of the restriction (I'm able to do it about a third of the time) and while sometimes the asset manager chooses not to include the restriction (or possibly forgets), I wouldn't base an investing strategy around the fact that you can get out of it under some circumstances.As such, trying to wholesale FNMA properties these days is probably not the best business model...
Paul B.
Questions about providing "property preservation" services (re-keys, trash-outs, winterizations, etc.)
7 January 2011 | 6 replies
Third-party asset managers?
Kendra T.
Bidding for properties online
15 November 2011 | 9 replies
I have bought 2 properties so far and working on the third
Nick J.
Riddle me this Batman
12 August 2009 | 11 replies
You have to upload pictures to a third party hosting site then put the url for the image(s) in between the tags [ url ] image url [ /url ] (without the spaces)
Michael S.
4 Signs Your Home Is About to Lose Value
6 January 2010 | 24 replies
Tim, I'm 100% with you on Alabama (or Indiana, or Pennsylvania etc) if you're looking for good, affordable cash flowing property, those are the places to look into and if you remember the never-ending debate of appreciation vs. cash flow, I always leaned in the direction of cash flow. but to be honest, the best is to strike a balance and I think Rich would agree, that if you can combine both (Middle class 3/2 in desirable area with good school and plenty of employment), it is the way to go.Rich, I agree with the fundamental rule (Which is by the way Warren Buffet's rule of the stock market as well) When everybody tries to get out - get in and vise versa.Yes, California is capricious when it come to real estate (and celebrities) but the fundamentals always come back.
Michael S.
Would this work???
19 August 2009 | 14 replies
Many instances of loan fraud were committed recently where one buyer bought a property, resold it a friend for a higher price, resold it to another friend for a higher price, etc, and then eventually defaulted, keeping the cash that was taken from the lender.Certainly, you have no intent to do this, but a third-party might question it and have concerns...
Jenny Mader
National Sales VS Foreclosure Statistics?
31 August 2009 | 1 reply
Would you celebrate if instead of accruing a $1000/mo in interest fees you only accrued $900/mo in interest fees.
Account Closed
How to make "enough" money from rentals
14 August 2009 | 2 replies
Celebrating, because I finally closed on my 154 unit apt purchase this morning.