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Intro: Future Investor Moving to Destin, FL
29 November 2007 | 13 replies
If my prophecy -- and that's obviously all it is -- is true, then purchasing homes in that area within the next few years will prove to be very profitable in the long run (which is my goal), especially if I can score them for a significant amount below FMV.
Alexis Kennedy
Doesn't make sense
27 November 2007 | 5 replies
That is true in my market here in Ohio.
Jonathan Morrison
LLC bankruptcy? what happens
14 December 2007 | 2 replies
Meaning that the answer may differ between states.The true lawyer answer is: It depends.Typically, if there is a mortgage on a property, then it is Nonrecourse debt which means that the lender can take the property in FULL satisfaction of the debt.Again, typically, if an LLC takes out a mortgage, then the bank usually has a member or all members sign a personal guarantee on the note as well.
RICARDO RUIZ
2 QUESTIONS
14 January 2008 | 33 replies
Although that’s true, you need to turn that coin over, because there’s another side you have overlooked.
Michael Sherwood
thoughts on including utilities vs not
27 February 2009 | 7 replies
I am changing my television and internet service and it dawned on me that it will cost no more to me to provide tv service and internet(wireless) to them.
Account Closed
Purchase and sale agreement form
21 December 2007 | 4 replies
I have formulated one, but would like to get one that is tried and true by an experienced investor, not a Realtor form.- Am going to a REI club meeting on Friday - will probably meet people who can advise me.
Robert Granara
great cash flow opportunity?
6 December 2007 | 2 replies
first off, im not rich...im scraping by actually...i own some rental property and rent out 5 units currently...i also bought and sold 2 multi's a few years ago...i have experience in this market and renting to section 8 tenants...im looking to make another purchase of a 3 unit for CASH FLOW purposes...one property im looking at tomorrow (we'll see how much work/$$ it needs) can be bought for $200K...i can rent out each unit for $1350 and would cash flow about $2000 per month...is this too good to be true?...
Damien Hall
Investors that use private money
8 February 2011 | 8 replies
True hard money lenders believe in good deals and if you are able to find one, then they are ready to fund you.
Ricardo M.
Pre-qulifying and using a Private Lender
17 February 2015 | 28 replies
On top of that, it's a really bad business practice for the private lender.Assuming you follow the rules (a 'true' 1003, full disclosure, etc.) your options with a GSE-based loan are limited.
Justin Bergen
Investing in Austin Tx
22 February 2014 | 13 replies
seems too good to be true. would love to try to make a deal happen!