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29 November 2021 | 4 replies
It will be recorded by title company as first lien. so my question is who keeps the Original signed documents after recording.It will be kept with title company, or as a lender I should have original documents.I did lending before at that time I didn't get original documents , title company just email me digital signed bundle of all documents.What is benefit/loss(if any) if I as a lender insist for original documents.Thanks
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3 December 2021 | 2 replies
If you would like to do it long-term and turn it into a business it would be beneficial to eventually turn it into an LLC, but it is not necessary to start out.
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4 December 2021 | 15 replies
So I now have options, either pay more to avoid the PMI or sign a document.
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3 December 2021 | 14 replies
Anything in writing is extremely helpful, even if not part of an official document.
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1 December 2021 | 1 reply
In my opinion, the best thing you can do is start a thought leadership platform where you can document your real estate journey.
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3 December 2021 | 20 replies
I doubt many of us have thought to include the racoon hole clause in our documents.
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2 January 2022 | 6 replies
When taking all of my documents to a CPA what are some of the questions i should ask about real estate tax and how it can help me?
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19 February 2022 | 5 replies
By "tax-free" does this mean you received no government documents outlining how much you were paid?
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1 December 2021 | 3 replies
I read an astounding article today regarding rent increases in Prince Edward Island.https://ca.yahoo.com/news/forged-lease-document-leads-house-204956798.htmlEssentially if a tenant leaves a unit and you rent to a new tenant.. you can only increase the rent by the % set by the province.
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3 December 2021 | 11 replies
Jones IRA to 5% what ever it takes to get to 100% and be under 10 different bene's.In Practice the company will fund the whole loan then go to selling up to 10 fractionlized peices off via an assignment same assignment you use when you buy your notes.. in the old days we had to pay for a 104.1 endorsement for the title insurance to follow us.. now it does automatically with the way the notes and policies are written.In a default situation again the CA disclosures also include a document that lets the servicer/who is a RE broker act for the group and start the foreclosure before these agreements were made its was a cluster believe me I lived it as you need 100% of the bene's to agree to foreclose .The only way that the servicer or company can pay in a default scenario is they have to disclose they are paying and or buy you out.. other wise its just like any other note NO pay you foreclose simple as that.