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Forgive my ignorance, but I just want to make sure I am thinking correctly.
I have a home equity line of credit that is open and I can draw cash from whenever I want, is a business line of credit along the same theor...
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Hi BP fam!I'm Matt and I've been a member of the BP community for over a year, but never been involved in posting. I'm from Central New Jersey (732) and will finally be getting my feet wet into real estate. My goal is...
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Hi I am new to wholesaling and have been having trouble finding the answers to these questions.1. For both an assignment and double closing, is there anything to protect you from having to buy the property if you ca...
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Line # 10 basically states the home may not be transferred or sold for 30 days. Escrow are to add this verbiage to the closing instructions and must notify Countrywide if this does indeed happen.
That kinda sucks. ...
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Long story (which I'll try to make it short), but we did what we "thought" was going to be a hard money loan for a fix/flip. Did what we thought was diligent research on the individual and company. They had a good hi...
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I know in this business you are supposed to be thick skinned but you are also human sometimes. I have been in this business for about 3 years so maybe I should be over it but sometimes I still get the feeling like I a...
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I was just listening to Elizabeth Colegrove on podcast 103. She is obviously a very bright investor who is currently doing what I call the W.E.B. Griffin RE investing strategy. Basically, buying a house at every dut...
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I am looking at forming a multi-member LLC with some other investors. I would be the managing partner. My concern is that this may be considered a securities transaction.
- There would be less then 35 members. Probab...
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I'm in the process of refinancing a hard money loan. I bought a nice property, fixed it up and it is now rented on a 12 month lease. So far so good.
the original appraisal was for 90K, and I borrowed 50K. The...