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FAQs checklist for real estate transactions
How can I start a real estate business?I started at 19, forty years ago, when my wife and I bought our first townhouse. It cost around $48K if I recall. We lived in it for seven months and sold it for a $7K net profit.We moved and built a house. We sold that and built another house. In the mean time, we had invested in five acres on a major Austin highway, but way out of town. (We held that property a little over thirty years before we decided to sell it. By then, the town had grown out to where our land was. The property was worth approximately sixty-eight times what we had paid for it).We sold the house that we were living in, had raised our children in, and loved dearly. It was the perfect house for us, but we sold it, took the profits, put the minimum down on another home to live in, and started buying investment properties.Before long we were buying commercial properties to add to our rent houses. Then we started selling off our residential units to acquire more commercial properties.Now we pretty much just invest in commercial units. We bought a small shopping center in San Antonio, about 75 miles away, a few months ago. That was our most recent purchase.We are currently trying to buy out the last remaining tenant’s lease on one of the other properties that we own. That should cost us somewhere between $270K to $400K, I hope. Once that is accomplished, and that tenant has moved, we can begin construction on a fifty-million-dollar 253-unit luxury apartment community with 5,000’ of high-end retail.It all started with a thousand-dollar down payment… forty years ago.---------Update: I ended up offering my last remaining tenant (a public company) $750,000 just to move out of the space they were in. They refused. It looks like I'm stuck with them for another six and a half years. I was really hoping to build that larger project in their space. I may end up just building above them and around them. It won't be as beautiful a building as I had hoped, but it also will feel alright to not have to pay them $750K just to move out. We used a standard Texas Commercial lease instead of my regular lease contracts and now I'm regretting that decision. Things can change so fast when you are working with real estate deals, but it's all good. They will end up paying me a little under another million dollars in rent during that time and the property will likely double in value during the next six years.
Do military members have to pay any fee for leave or fiancee forms?NOOOOOOO. You are talking to a military romance scammer. I received an email from the US Army that directly answers your question that is pasted below please keep reading.I believe you are the victim of a military Romance Scam whereas the person you are talking to is a foreign national posing as an American Soldier claiming to be stationed overseas on a peacekeeping mission. That's the key to the scam they always claim to be on a peacekeeping mission.Part of their scam is saying that they have no access to their money that their mission is highly dangerous.If your boyfriend girlfriend/future husband/wife is asking you to do the following or has exhibited this behavior, it is a most likely a scam:Moves to private messaging site immediately after meeting you on Facebook or SnapChat or Instagram or some dating or social media site. Often times they delete the site you met them on right after they asked you to move to a more private messaging siteProfesses love to you very quickly & seems to quote poems and song lyrics along with using their own sort of broken language, as they profess their love and devotion quickly. They also showed concern for your health and love for your family.Promises marriage as soon as he/she gets to state for leave that they asked you to pay for.They Requests money (wire transfers) and Amazon, iTune ,Verizon, etc gift cards, for medicine, religious practices, and leaves to come home, internet access, complete job assignments, help sick friend, get him out of trouble, or anything that sounds fishy.The military does provide all the soldier needs including food medical Care and transportation for leave. Trust me, I lived it, you are probably being scammed. I am just trying to show you examples that you are most likely being connned.Below is an email response I received after I sent an inquiry to the US government when I discovered I was scammed. I received this wonderful response back with lots of useful links on how to find and report your scammer. And how to learn more about Romance Scams.Right now you can also copy the picture he gave you and do a google image search and you will hopefully see the pictures of the real person he is impersonating. this doesn't always work and take some digging. if you find the real person you can direct message them and alert them that their image is being used for scamming.Good Luck to you and I'm sorry this may be happening to you. please continue reading the government response I received below it's very informative. You have contacted an email that is monitored by the U.S. Army Criminal Investigation Command. Unfortunately, this is a common concern. We assure you there is never any reason to send money to anyone claiming to be a Soldier online. If you have only spoken with this person online, it is likely they are not a U.S. Soldier at all. If this is a suspected imposter social media profile, we urge you to report it to that platform as soon as possible. Please continue reading for more resources and answers to other frequently asked questions: How to report an imposter Facebook profile: Caution-https://www.facebook.com/help/16... < Caution-https://www.facebook.com/help/16... > Answers to frequently asked questions: - Soldiers and their loved ones are not charged money so that the Soldier can go on leave. - Soldiers are not charged money for secure communications or leave. - Soldiers do not need permission to get married. - Soldiers emails are in this format: firstname.lastname@example.org < Caution-mailto: email@example.com > anything ending in .us or .com is not an official email account. - Soldiers have medical insurance, which pays for their medical costs when treated at civilian health care facilities worldwide – family and friends do not need to pay their medical expenses. - Military aircraft are not used to transport Privately Owned Vehicles. - Army financial offices are not used to help Soldiers buy or sell items of any kind. - Soldiers deployed to Combat Zones do not need to solicit money from the public to feed or house themselves or their troops. - Deployed Soldiers do not find large unclaimed sums of money and need your help to get that money out of the country. Anyone who tells you one of the above-listed conditions/circumstances is true is likely posing as a Soldier and trying to steal money from you. We would urge you to immediately cease all contact with this individual. For more information on avoiding online scams and to report this crime, please see the following sites and articles: This article may help clarify some of the tricks social media scammers try to use to take advantage of people: Caution-https://www.army.mil/article/61432/< Caution-https://www.army.mil/article/61432/> CID advises vigilance against 'romance scams,' scammers impersonating Soldiers Caution-https://www.army.mil/article/180749 < Caution-https://www.army.mil/article/180749 > FBI Internet Crime Complaint Center: Caution-http://www.ic3.gov/default.aspx< Caution-http://www.ic3.gov/default.aspx> U.S. Army investigators warn public against romance scams: Caution-https://www.army.mil/article/130...< Caution-https://www.army.mil/article/130...> DOD warns troops, families to be cybercrime smart -Caution-http://www.army.mil/article/1450...< Caution-http://www.army.mil/article/1450...> Use caution with social networking Caution-https://www.army.mil/article/146...< Caution-https://www.army.mil/article/146...> Please see our frequently asked questions section under scams and legal issues. Caution-http://www.army.mil/faq/ < Caution-http://www.army.mil/faq/ > or visit Caution-http://www.cid.army.mil/ < Caution-http://www.cid.army.mil/ >. The challenge with most scams is determining if an individual is a legitimate member of the US Army. Based on the Privacy Act of 1974, we cannot provide this information. If concerned about a scam you may contact the Better Business Bureau (if it involves a solicitation for money), or local law enforcement. If you're involved in a Facebook or dating site scam, you are free to contact us direct; (571) 305-4056. If you have a social security number, you can find information about Soldiers online at Caution-https://www.dmdc.osd.mil/appj/sc... < Caution-https://www.dmdc.osd.mil/appj/sc... > . While this is a free search, it does not help you locate a retiree, but it can tell you if the Soldier is active duty or not. If more information is needed such as current duty station or location, you can contact the Commander Soldier's Records Data Center (SRDC) by phone or mail and they will help you locate individuals on active duty only, not retirees. There is a fee of $3.50 for businesses to use this service. The check or money order must be made out to the U.S. Treasury. It is not refundable. The address is: Commander Soldier's Records Data Center (SRDC) 8899 East 56th Street Indianapolis, IN 46249-5301 Phone: 1-866-771-6357 In addition, it is not possible to remove social networking site profiles without legitimate proof of identity theft or a scam. If you suspect fraud on this site, take a screenshot of any advances for money or impersonations and report the account on the social networking platform immediately. Please submit all information you have on this incident to Caution-www.ic3.gov < Caution-http://www.ic3.gov > (FBI website, Internet Criminal Complaint Center), immediately stop contact with the scammer (you are potentially providing them more information which can be used to scam you), and learn how to protect yourself against these scams at Caution-http://www.ftc.gov < Caution-http://www.ftc.gov > (Federal Trade Commission's website)
Is my real estate agent being honest? He said he has to pay $100 to Zillow each time someone fills out the contact listing agent form on my house. True?Not to my knowledge. In my area, the way Zillow works is it pulls listings from the MLS (multiple listing service) unless I check a box that says the seller prohibits this. So it’s no more work for me to list your property on Zillow than in the MLS. Zillow sells real estate agents “leads” (queries about specific properties) or (in a new program) takes a % of the brokerage fee after a property has closed. Contacting agents online is free to both parties.
How can I fill out Google's intern host matching form to optimize my chances of receiving a match?I was selected for a summer internship 2016.I tried to be very open while filling the preference form: I choose many products as my favorite products and I said I'm open about the team I want to join.I even was very open in the location and start date to get host matching interviews (I negotiated the start date in the interview until both me and my host were happy.) You could ask your recruiter to review your form (there are very cool and could help you a lot since they have a bigger experience).Do a search on the potential team.Before the interviews, try to find smart question that you are going to ask for the potential host (do a search on the team to find nice and deep questions to impress your host). Prepare well your resume.You are very likely not going to get algorithm/data structure questions like in the first round. It's going to be just some friendly chat if you are lucky. If your potential team is working on something like machine learning, expect that they are going to ask you questions about machine learning, courses related to machine learning you have and relevant experience (projects, internship). Of course you have to study that before the interview. Take as long time as you need if you feel rusty. It takes some time to get ready for the host matching (it's less than the technical interview) but it's worth it of course.
How do I fill out the form of DU CIC? I couldn't find the link to fill out the form.Just register on the admission portal and during registration you will get an option for the entrance based course. Just register there. There is no separate form for DU CIC.
How do I form a real estate investor group to invest into commercial properties?Commercial real estate of you create new apartments in the sun belt.. It's basically, location, location, location and also cost, quality, and timing to the customer. I moved into a new. Apt complex. The owner cut allot of corners and built the development with allot of cheap labor. He built a website so the tenants could pay automatically. He has. A clubhouse with pool and fitness center. He just sold it after losing it up, for 55 million dollars. He had a good property manager, and loaded the buildings while he was finishing the others. I hear they're dividing up the Waldorf Asteria into condos. Astoria was named after John David Astor ergo had a fur trading company and built the New York Library. Blank Stone it's the largest property owner in the country. Simon Properties tried to by Taubman but Michigan would not let them. Read Rich Dad / Poor Dad. They have their own commercial real estate group. The author can give you advice. Commercial real estate id's chancey if you don't know what you are doing. I would invest with that rich dad poor dad group..Kawasaki sounds honest. He's also a former Vietnam Pilot.
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People also ask commercial lease checklist template
Can you back out of buying a house after signing a contract?Can you back out of an accepted offer? The short answer: yes. When you sign a purchase agreement for real estate, you're legally bound to the contract terms, and you'll give the seller an upfront deposit called earnest money.
What not to do after closing on a house?Copy and store housing documents. After the closing, make three copies of your house closing documents. ... Change the locks. ... Update all keypad codes. ... Personalize the mailbox and front doorbell button. ... Adjust the hot water heater. ... Schedule a deep cleaning. ... Update your address. ... Visit the local schools.
Can a buyer walk away at closing?Buyers will close if they can secure financing, if they can sell their existing home, if the house appraises at an acceptable value, and if the property passes a home inspection. ... There are deadlines by which these conditions must be met, and a buyer is absolutely entitled to walk away if one or more are not.
Can I back out before closing?In short, yes, you can back out of a purchase before closing but there are some important details to consider. ... Depending on your reason for backing away from a home purchase and the terms of your contract, you may not get all or any of the earnest deposit money back.
How many steps are in a real estate transaction?The steps, process and details of buying real estate can be intimidating and overwhelming. For the most part, however, the transaction should follow these seven steps. The steps, process and details of buying real estate can be intimidating and overwhelming to the first-time (and even the veteran) buyer.