Herm M.
Getting a "cash only" purchase approved by short sale lender, but being denied the usage of hard money???
19 October 2012 | 15 replies
, but if a title search indicates no cloud on title, that should legally qualify as "clear title" I would think.I know state customs are going to vary (in my state, it's very atypical for the seller to pay any title or closing costs unless specifically stated in the contract), but even if it's customary in your state for the seller to pay title search/insurance costs, short sales generally have their own rules.
Kyle J.
Contesting property taxes
18 October 2012 | 8 replies
I can see how raising the fee to that level would definitely result in less filings, even if they were clearly justified.
Toben B.
Lease option needs to be treated as purchase this year
18 October 2012 | 3 replies
(IRS rule is you have to live in a house 2 of the last 5 years to not pay capital gains on the sale of you personal home).
Bill E.
"Mortgage Must be Assumed" & "52% of sale price downpayment" Why?
18 October 2012 | 6 replies
They have apportioned $200k for the land.So, say you can get it for 1.5mm (9.6% Cap using 50% rule) which seems possible, or perhaps you could do even better, considering the limited pool of buyers the financing terms create.
Shari Posey
Should I Use a Mortgage Broker to Help w/Seller Financing?
20 October 2012 | 6 replies
hello everyone...heres the rules according to Realtor.org http://www.realtor.org/topics/seller-financing/the-safe-act
Ravi Rai
Getting parents to cosign a lease in a college town
20 October 2012 | 6 replies
I would be careful on how one approaches it, but in my experience you can usually use the lack of credit history as a basis to justify co-signing.
Dale Osborn
Street Smarts Versus Book Smarts
28 October 2012 | 41 replies
We're all biased towards incredible stories.We end up thinking that "high school drop-out turned millionaire" is much more common than it actually is, because we hear that story much more often than "high school drop-out turned out exactly as expected".My rule of thumb: get the best education you can, unless a better opportunity presents itself.
Lupe Santiago
Making a loan secured by real property without a broker (I have the money to lend)
23 October 2012 | 13 replies
Lupe,Private lending can be done easily with out using a broker, However that said there are Sec Rules.
Account Closed
Investors looking for cash flow properties?
25 June 2007 | 20 replies
Something around the 1% rule (12% per year in gross estimated yield)?
Willis Seng
Tax question for flipping houses
25 June 2007 | 5 replies
The rules on 1031 are vague as to how long you must hold.