27 February 2016 | 18 replies
You need an education in executory contracts.In NM you can lease, and buy on sub2 or a wrap or seller financing.Get a team together that knows what to do.The contracts I use in a sub2 areThe Purchase And Sale AgreementSeller's Due-On-Sale AcknowledgementThe Quit Claim Deed To TrusteeGet An Authorization To Release Mortgage InformationGet A Limited Power Of AttorneyUpdating The Insurance CoverageControlling The Escrow AccountIf The Mortgage Company Calls The Loan Due What to DoAddendum To Purchase And Sale Agreement Quit Claim Deed To TrusteeAuthorization To Release Mortgage InformationLimited Power Of Attorney Regarding Real EstateInsurance Letter (Adding Additionally Insured)Escrow LetterLetter To Mortgage Company Good luck!
15 April 2009 | 4 replies
Is Litton one of the servicing companies that keeps the negotiators off limits, or do I just have to try to entice her to call me via fax or e-mail?
25 August 2015 | 35 replies
A guru I studied with suggested placing "fake property ads" as others have suggested-it did work but was not my first choice.
29 March 2009 | 5 replies
When I say cash, or lines of credit, I base that on many of the properties in the Midwest being below much of the loan limits out there.
7 January 2010 | 16 replies
David sent me a bunch of files and I started to study the anatomy of an XSitePro website.At first my intention was only to understand the anatomy of a website created with XSitePro.
14 September 2009 | 14 replies
What I mentioned was a database of the "financial" newspaper for the county.When things are required to be published, as you spoke of, they have an option of which newspaper(s) to use.A database of the newspaper that the selling entity uses to advertise their tax sales in would be useful to those of us looking for any sales list.It would also limit our having to search through all the thousands of legal ads in every newspaper in the county/state.It would also be very interesting to find out how many of those newspapers are online.
17 April 2009 | 19 replies
I thought that I was limiting myself to that, that I was mitigating risk.
18 September 2018 | 16 replies
Finding a cleaner is the challenge in a market where (as you experienced first hand) has a limited supply of persons looking to work.
29 August 2018 | 20 replies
Some clients save thousands of dollars a year with a Solo 401k compared to a self-directed IRA.Here are a few of the Solo 401k benefits:Compared to an IRA, Solo 401k contributions limits are roughly ten times higher.There is no custodial requirement for the 401k.You can take participant loans from the plan.You don't need the additional expense and administration of an LLC to have checkbook control.There is a built in-Roth component whereas IRAs are either traditional or Roth, not both.A spouse can also participate in the same Solo 401k plan.The Solo 401k has additional tax benefits over an IRA when investing into real estate using leverage.
19 August 2018 | 15 replies
I say this mostly because it sounds like you are working with limited capital, so it would be wiser in my opinion to start slow, and keep some reserves instead of simply buying the most number of units you can under FHA right away.