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29 January 2007 | 8 replies
I have been appraising properties in Massachusetts for the past four years, and my values have resulted in deals being killed numerous times over the years.
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25 January 2007 | 4 replies
Who cant scrape up a little closing cost to finalize the deal.
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26 January 2007 | 6 replies
I.e. someone gives you a phone number and the website can tell you the address associated with that phone number.Obviously there are a lot of problems with certain types of numbers (cell phones and blocked numbers often produce no results).
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8 February 2007 | 24 replies
Once an investor has identified his or her like-kind replacement properties, they have to comply with the following three (3) value rules for the actual acquisition values in order to defer 100% of his or her depreciation recapture and capital gain taxes:1) Trade equal or up in value based on the net sales/purchase price; and,2) Reinvest 100% of the net equity or cash proceeds that result from closing on the sale property; and,3) Replace the mortgage.
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28 January 2007 | 2 replies
Some days I'm terrified and just want to walk away and other days I'm elated that I'm finally getting into real estate.I work a standard 9-5 office job, make a decent (but by no means extraordinary--probably be classified as upper-working class or lower-middle class) wage and am a single mom with 2 teens.Anyway, that's my story.
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29 January 2007 | 1 reply
I must admit, I've been reading these posts for a few months and finally decided to dive and say hi.My name is Mara and I'm currently a college student.
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6 February 2007 | 5 replies
I decided to become an REI a year ago and I am finally getting my business started.
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5 February 2007 | 2 replies
My thoughts are these:You're anticipating a $35,000 difference between total costs and final value.
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7 February 2007 | 9 replies
.) -- including a lien on the stock of a cooperative housing corporation (a “co-op”) -- no lender can enforce its due-on-sale clause due to any of the following prevalent circumstances:(1) The creation of a lien (or other encumbrance subordinate to the lender's security instrument) that does not relate to a transfer of rights of occupancy in the property;(2) The creation of a purchase money security interest for household appliances;(3) A transfer by devise, descent, or operation of law on the death of a joint tenant or tenant by the entirety;(4) The granting of a leasehold interest of three years or less* not containing an option to purchase(5) A transfer to a relative resulting from the death of a borrower;(6) A transfer where the spouse or children of the borrower would become owners of the property;(7) A transfer resulting from a decree of dissolution of marriage, legal separation agreement, or from an incidental property settlement agreement, by which the spouse of the borrower becomes an owner of the property(8) A transfer of the borrower’s property into an inter vivos trust in which the borrower is and remains a beneficiary and which [trust agreement] does not relate to a transfer of rights of occupancy in the property; or(9) Any other transfer or disposition described in regulations prescribed by the Federal Home Loan Bank Board.
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30 March 2010 | 14 replies
don't know why I waited so long to post but I finally decided to take action (YAY).Anyways on to my question, I too have been looking into mobile home investing....are the contracts/deals structured the same as if investing into a SFH as a rental property ?