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9 September 2018 | 4 replies
It may mean passing special assesments which not all owners will be able to pay; note that this is more 'predatory' as some may be 'forced' out.Oren
4 September 2018 | 0 replies
(I should note that my specialty is actually business brokerage (the purchase and sale of active and established businesses with cash-flow) and not directly property sales.)
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5 September 2018 | 1 reply
.- Tape measure- Flash light- Portable charging bank -Portable speaker-Nice clip board/ Padfolio/ note pads
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19 September 2018 | 6 replies
If getting into a 30 year is an issue, then see if you could sell one to the hard money guy or market and pay off the note.
5 September 2018 | 2 replies
Another thing to note... if you have handy, and/or plan on doing remodel/upgrades, you'll probably want to move into the unit that needs the most work because you can do the work while living there without have the cost of a vacancy.Inheriting a tenant: You'll need a copy of the lease... read this carefully, so you'll know what' you're obligated to, even if the tenant hasn't.
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5 September 2018 | 3 replies
Can you sign a promissory note?
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8 September 2018 | 46 replies
I do this while doing some mindless task like washing dishes (or when the kids are... being kids) and I want to keep "working" but can't use my hands or take notes.
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12 September 2018 | 14 replies
Always use a warranty deed to avoid any issues with the tittle insurance when transferring tittle.Also, Ive recently learned Fannie Mae allows transfer of tittle to an LLC without accelerating the note...Fannie updated their servicing guide to state:Unless the previous borrower requests a release of liability, the servicer must process the following exempt transactions without reviewing or approving the terms of the transfer:· A transfer of the property to a limited liability company (LLC), provided that § the mortgage loan was purchased or securitized by Fannie Mae on or after June 1, 2016, and the LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence).
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7 September 2018 | 14 replies
@Ryan Hansen Yes, this happens and notes become due I have seen it.