5 February 2013 | 28 replies
First off, lenders will want non owner occupied typically, you state you are going to live in it.

5 February 2013 | 3 replies
As an agent, I'd work with one of those successful wholesalers in a second; but unless the wholesaler had dozens of transactions under his belt and had proven that he could consistently perform, I wouldn't even consider working with a typical wholesaler.So, I completely understand why 99% of the agents out there probably won't even be willing to have the discussion.If you want to be a successful wholesaler long-term, you need to be able to find off-market deals.

13 February 2013 | 13 replies
Same here, I dont know of any reo agent in our multi county area that will accept or submit an offer without a proof of funds letter, earnest money is not typically required until the point the bank accepts the offer.

12 March 2017 | 24 replies
Older people have less years to save and thus, are already at (typically) the higher tax brackets and have less years to live through additional tax hikes (which we all know come every 4 years.A younger person, it makes all the sense in the world to go ROTH right away!

10 February 2013 | 14 replies
Privacy, yes, in that the identification of beneficiaries is not typically public, with the exception of Arizona statute.Due to the wide variety of trust objectives, you cannot assume that they will follow a given pattern.

6 February 2013 | 3 replies
Typically it would either sell, or it could have postponed to a future date, but it is also possible that the auction canceled, either because the loan paid current, the property sold (short sale or equity sale), or the lender decided to wait for some reason (there are many reasons) and republish the sale again later.

1 September 2019 | 10 replies
If you don't have other options, and you're confident that you can still earn a profit despite the HML fees/costs, then there's absolutely nothing wrong with HML.A lot of successful investors got their start using hard money, and I know some very successful investors who are STILL using hard money today (though at rates a bit better than typical hard money), because it supports their business and growth model and is their best financing option given their particular situation.Personally, if I were to go through all my cash and private money, I'd happily use hard money if I could still make money a deal.

27 February 2013 | 7 replies
I have one rental and a second that is to be on the market very soon. i plan on managing them up until i feel the work load is more than my time is worth, but i do have a question for yall.from my understanding a "typical" contract with a management company would be 10% of monthly renth and 50% the month when they have to get a new tenant. besides negotiating the rate, have yall ever heard of them charging 10% of mothly rent, but you as the owner get new tenants. in this case you would not pay 50% of rent when you get a new tenant.this would not be to cut cost so much, but maybe the owner wants to control who is in the house, but not manage the other stuff throughout the year.thanks for any input.

8 February 2013 | 8 replies
This works for most transactions, but as mentioned above, it would be fraudulent to do it with a short sale given the affidavit the buyer typically needs to sign.

8 March 2013 | 12 replies
Granted, that accounts for demo of the existing structure, but it does not account for the cost of the land which is typically a little more than demo costs.