13 August 2020 | 21 replies
I just like to work lol but hopefully just a better position and more money.I appreciate itI haven't explored all of the forums as of yet but do the concepts here on BP apply internationally as well?
17 February 2015 | 3 replies
it is more complicated than this but that is the concept.
18 April 2012 | 12 replies
The public library is a place to start, but a Barnes and Noble or Amazon will be your best source of real estate investing books.I'd read "Rich Dad, Poor Dad" first, to get the concept.
30 April 2012 | 10 replies
At one point I was doing the 300 trans fee years ago and had about 50 agents.Back then every brokerage was thinking about starting the 100% thing.It was a fairly new concept but today it is saturated with companies trying to undercut each other. 285 per trans,275 etc. just to get market share.The problem is not all the agents produce transactions.They want to just hang a license.When they do transact they are rusty and you have to basically almost do the deal for them and make a crappy 300 for your time.Many agents get license suspensions for bad student loans,child support etc.
23 April 2012 | 5 replies
Here is an excerpt from @Clint Coons regarding the due-on-sale clausehttp://www.alglaw.com/service/view/land_trustsWith respect to a real property loan secured by a lien on residential real property containing less than five dwelling units, including a lien on the stock allocated to a dwelling unit in a cooperative housing corporation, or on a residential manufactured home, a lender may NOT exercise its option pursuant to a due-on-sale clause upon:(1) the creation of a lien or other encumbrance subordinate to the lender's security instrument which does not relate to a transfer of rights of occupancy in the property;(2) the creation of a purchase money security interest for household appliances;(3) a transfer by devise, descent, or operation of law on the death of a joint tenant or tenant by the entirety;(4) the granting of a leasehold interest of three years or less not containing an option to purchase;(5) a transfer to a relative resulting from the death of a borrower;(6) a transfer where the spouse or children of the borrower become an owner of the property;(7) a transfer resulting from a decree of a dissolution of marriage, legal separation agreement, or from an incidental property settlement agreement, by which the spouse of the borrower becomes an owner of the property;(8) a transfer into an inter-vivos trust in which the borrower is and remains a beneficiary and which does not relate to a transfer of rights of occupancy in the property; or(9) any other transfer or disposition described in regulations prescribed by the Federal Home Loan Bank Board.So, like K.
23 April 2012 | 9 replies
You could parcel off the extra land if it has some or might want to tear the building down and build something larger.I understand the cash flow concept but there are many more parameters to consider when making an investment.I have some clients that just want it to break even as a tax shelter with little headache and care about nothing else.
13 February 2013 | 37 replies
: Usually, we would attach the concept of capital appreciation to that of home price appreciation, and model capital returns based on our home price projections.
2 May 2012 | 29 replies
Residential loans now include all loans where the proceeds are used for a personal or household purpose.
29 April 2012 | 18 replies
If you can grasp the concept and look at it from a numbers perspective you will get to the top much quicker.
29 April 2012 | 8 replies
This is not a new concept, in fact, it ranks very high on most experienced investor's lists of means to build a buyers list.