Rich Hupper
Death and mortgages
21 June 2016 | 3 replies
Again, this is general, and the laws are state-specific.However, Federal laws permit surviving spouses and direct lineal offsprings to legally assume the debt, pursuant to the existing terms.
Jeff Moulyn
Finding positive cashflow
6 May 2016 | 10 replies
(I don't yet have access to the MLS)My model is assuming: -20% down payment -30yr fixed rate loan @ 3.77% -2% of the home value annually set aside for maintenance -insurance-tax @1.01% property value annually-10% vacancy allowance-7% management feesAm I being too conservative?
Naaman Newbold
Deal with Assignment Clause
21 August 2016 | 5 replies
So, we can start looking for a bank that can get the deal financed, but it's unclear to me if there's some hidden concern over an assignment clause that we should model. I
Marcel Pean
Has Any wholesaler sold to the end buyer?
21 July 2016 | 4 replies
if you have to go into double closing mode then you will have to be prepared to not only fund the deal but very possibly hold onto it for a period of time if there is a deed restriction.2 Why doesn't the agent have the end buyer put this property under contract with the exact same stipulations he wants you to have.Nothing about this agent or this deal makes me think you should in anyway move forward with it.If you need more help just PM me....Peter
Fauzia Jomes
Occupied Hubzu REO Experience
8 June 2017 | 4 replies
Stay in advocate mode - you'll be willing to work with them either transitioning to renting or moving out if the bank accepts your offer.
Mihir Bhimaraju
What strategy was used to survive the downturn in '08
9 July 2017 | 6 replies
I'm curious to know if there was any special tactic used to survive the '08 downturn.
Account Closed
How to calculate the ARV without MLS - Newbie asssistance
12 July 2017 | 13 replies
You will need to make your own comparisons of square footage, home configuration and features, etc.Having an agent on your team is quite helpful, especially if you can involve them in closings where they earn commissions to survive.
Weston Link
Interested in all cash financing but don't know where to start!
10 August 2017 | 0 replies
Finally, how do I go about convincing a lender that the business model is safe and profitable?
Joseph Ali
OPM for a newbie in Houston
6 September 2017 | 19 replies
Also, the GOOF, my neighborhood, just north of the Heights, is in heavy growth mode.
Ryan Howard
Just finished driving for dollars. Any tips appreciated
24 August 2017 | 5 replies
Cheapest and easy to do while you are D4D2) Anywho or any free online service but these often have outdated info and low probability of success but still free3) County tax assessor's office to see if they have the owner's address - takes time and not very accurate4) Putting "Address Service Requested" and mailing to that address if they have a mailbox - cost of a letter and first class stamp5) Skiptracing (costs money though) - $5-10 (findtheseller, privateeye, TLO, etc.)6) Full stalker mode - "Drew out his entire family tree from Intelius" lol @ Lloyd Stanton, it worked for him but I've never done it7) Stick a sign on their property saying you want to buy the home (people have done this but I haven't due to not knowing the legalities of it)