All Forum Posts by: Sandy Blanton

Looks right to me.

The lenders will lend up to 80% of appraisal minus closing costs. In a refinance, the amount you have invested doesn't matter, only what it appraises for at the time of loan. The more equity you have in your portfolio, the stronger you'll be financially. I owned 100 units at the peak of the market and had a "I don't want equity" mindset as so many of us did. Then the crash happened and I went flat broke.

On the other hand, rates are incredibly low. If you can refinance and find other investments that return double-digit returns (cash on cash), then by all means move forward.

In my area 90% of pending reo's close. I've never done a back up offer. I would move on and spend energy on the next big purchase deal. If you do get your back up accepted, then your EMD is tied up while you wait for the unlikely event the initial deal dies. I could see doing so if you had cash available so that having your EMD wouldn't hinder you from making an offer on a non-pending deal AND it was an extra sweet deal. TGIF:)

HOLD by Gary Keller is perhaps my all time fave.

I agree: no buyers see it until it's 100% done. Buyers can't see past their noses, no vision (that's retail buyers not investment people). Selling a property with only a sign is akin to selling a widget at a small town flea market vs. selling on EBay. The world needs to know it's for sale (via MLS) vs. just the people on the street. Maximum exposure=maximum return. IMO. :)

If you're a Realtor, this will go away unless there's some hard-core proof you stole something. Since you passed your state's background check to get a license, the chances of you or any Realtor committing theft are nill. Good luck, be sure your broker is involved.

There's so much bad information out there. I read an article months ago, can't find it now. It said that rules had changed requiring an earlier contribution. Thanks for the clarification, I thought we had missed the deadline.

omG! I read somewhere that those deadlines were changed to "die" on April 15th of the filing tax year. Thanks!

Anyone had any success in paying for seller leads? I was approached by zbuyer.com today. Thanks for sharing.

Steven Hamilton II This isn't true is it? I know it was until last year? I just got this in a junk email from Equity Trust. Thanks Sir.

>>>>>>If You Didn’t Max Out 2012 Contribution Limits, It’s Not Too Late (It Could Benefit You)
As the 2012 tax filing deadline nears, there are still actions you can take to help cut your tax bill.

You can continue to contribute to your retirement account up until Tax Day and write it under the 2012 contribution year. This can be beneficial because contributions can be tax-deductible.