@spunky
active 10 months, 1 week ago-
spunky started the topic How do you give the house back to the seller? in the forum EHTrust/EHT Topics and Creative Real Estate Financing 5 years, 11 months ago
What is the procedure for the investor beneficiary to walk away from NEHTrust?
tax value $86500, balance of loan $75000, payments 801.40 plus 40 to trustee.
Repairs $25000. -
spunky started the topic Has any member done a1031 exchange with a trust? in the forum EHTrust/EHT Topics and Creative Real Estate Financing 6 years, 3 months ago
I would like to find a replacement property multifamily commercial apartments in Charlotte, NC
I need local agency with 1031 team who understands Nehtrust, PAcs, Resident Beneficiary qualification to refinance and who list NNN apartments -
spunky started the topic Investor needs NC eviction attorney that understands PAC in the forum Deal Makers -Ground Partner Request – Investor Needs – EHT Opportunities 6 years, 5 months ago
Holdover renter has possession of 2 acre farm, Salisbury, NC area.
We need an attorny who can evict and also has Estate experience.
If successful, a property manager will be needed who can locate a new resident beneficiary. -
spunky started the topic Farm House 4/2,on 2 acres Cleveland NC CBI for sale in the forum Deal Makers -Ground Partner Request – Investor Needs – EHT Opportunities 6 years, 6 months ago
There is an old farm with one non paying renter to evict.Take over all management.Resell and split profit with out of town partner or make family menber RB. House value cr $115000, selling half interest for $40,000
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spunky started the topic Search trust properties that need resident beneficiaries in the forum EHTrust/EHT Topics and Creative Real Estate Financing 6 years, 6 months ago
633 Marigot Way Statham Geopgia. NEHTrust 3/2 attached, large yard, about 15 miles South of Athens , Ga , hour from Atlanta on interstate. 5% contibution 1200/mo, Realtors welcom if they will take 1% when moving client in, 1% from cash flow period, 1% end of trust. Also, realtor can assist RB to refinance ant receive additional 3%
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spunky replied to the topic I need a RB for a 3/2 ub Stham, Ga in the forum Deal Makers -Ground Partner Request – Investor Needs – EHT Opportunities 6 years, 9 months ago
Hello, I need a ODWM partner or Move in now as is for only $5000
House in Statham still vacant.
Now I need realtor or someone in area to help make ready, market, show, move new resident in. please understand that RB pays more than rent, becouse they get all benifits of fee simple ownership while they rent like tax deductions, appreciation and…[Read more] -
spunky started the topic I need a RB for a 3/2 ub Stham, Ga in the forum Deal Makers -Ground Partner Request – Investor Needs – EHT Opportunities 6 years, 10 months ago
533 Marigot Way Statham Ga 30666 in vacant. it needs a little cleaning, I am seeking 5% contribution and 1171/mo.
uccapital.net, to see and to complete buyer page. -
spunky posted an update 6 years, 10 months ago
No luck on SanAntonio, Tx house so far.
If you know of a seller in NE SanAntonio up near Kirby Texas who will
let me start paying their monthly expenses, secure their property into a inter vivos trust for a few years, then pay all their equity and debt down the road, tell me their expenses.We can jv, partner, or your chaice.
i have someone…[Read more] -
spunky replied to the topic I need a house in Texas in the forum Deal Makers -Ground Partner Request – Investor Needs – EHT Opportunities 6 years, 11 months ago
Now, I need a house for a RB in San Antonio, TX up near Kirby.
Or, If you are agent or investor in San Antonio and have a Setlor Beneficiary property, I have a resident beneficiary for you. RB can afford 5% contribution and up to $750.mo payment to trustee. -
spunky replied to the topic Progress on my Charlotte 6 plex in the forum PACTrust/EHT Topics and Creative Real Estate Financing 7 years, 11 months ago
Hello Nars members,
This is an update
I hope everyone had a blessed Easter,
I enjoyed just hanging with my family for church and lunch.
I am working on a 80/20 commercial loan. Today, after completing my tax return, my accountant mentioned that he might have a couple who would lend me the needed 20%, for 6 years at 6%. But, their attorney will…[Read more] -
spunky replied to the topic Wells Fargo in the forum PACTrust/EHT Topics and Creative Real Estate Financing 9 years ago
Yes Scott, you understand my question.
I have 3 trusts to refinance and the settlors can not qualify. I paid their arrearages at the beginning when I started paying their NNN . Can you broker the refinance? If you can’t, can you recommend a NARS friendly lender who will do any of the other excellent suggestions in this thread? Is John Acquisto…[Read more] -
spunky replied to the topic Wells Fargo in the forum PACTrust/EHT Topics and Creative Real Estate Financing 9 years ago
Does anyone else have difficulty loggin in?
Peter,
I don’t want to take on the Settlor’s debt. I like control without it. I am just trying to figure out how to change negative cash flow to positive.
Have you personnaly refinanced one of your NEHTrusts, with you as investor beneficiary? Please tell me the name of your lender who understands…[Read more] -
spunky replied to the topic Wells Fargo in the forum PACTrust/EHT Topics and Creative Real Estate Financing 9 years ago
Hello,
As investor beneficiary, i know that property must be taken out and put back in trust to refinance. I have power of attorney for the settlor beneficiary
Is there any way to refinance two loans with Wells Fargo which are in Nehtrusts without having to sign personally or to submit personal information or to purchase the property? -
spunky replied to the topic Needed- co beneficiaries for buying multi family in the forum PACTrust/EHT Topics and Creative Real Estate Financing 9 years, 5 months ago
No, I have not spoken to a title company. I would if I needed a title search or closing. These are Attorneys. NC is a quasi attorney state.
I search the web,and talk to realtors and brokers, If you have the mls number, you can go to Realtor.com and locate the listing agent, call and if they have dealt with investors before, you may be able to…[Read more] -
spunky replied to the topic Needed- co beneficiaries for buying multi family in the forum PACTrust/EHT Topics and Creative Real Estate Financing 9 years, 5 months ago
Co beneficiaries no longer needed.
I answered the seller’s questions, but after doing some research, I decided not to buy…
1, Cash for 75% of price at closing and 25% when I re sold property in a few years plus any net profit of his co beneficial interest in the property’s trust.. .
2 All loans would be paid at closing
3 Interest amounts would…[Read more] -
spunky replied to the topic Needed- co beneficiaries for buying multi family in the forum PACTrust/EHT Topics and Creative Real Estate Financing 9 years, 5 months ago
Cork,
Dear Cork, I have papers the listing realtor sent to me about rents and expenses. Are you going to be my money partner?
I can send them to you or any member who is interested in becoming a cobeneficiary.I emailed this to the listing realtor. Would the seller consider this? I offered to assume the 2nd, get a commercial loan and for the…[Read more]
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spunky replied to the topic Charlotte, NC in the forum PACTrust/EHT Topics and Creative Real Estate Financing 9 years, 6 months ago
Hello Cork,
Do you know people in Phoenix who want to invest in property in Charlotte, NC?
Are you coming here?If you are doing deals , how are you locating your settlors names and phone numbers to do the call?
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spunky replied to the topic Charlotte, NC in the forum PACTrust/EHT Topics and Creative Real Estate Financing 9 years, 6 months ago
HELLO CHARLOTTE NARS MEMBERS!
Any one up for a cup of coffee somewhere to discuss working together on buying, holding and selling property the Nars way?
Connie -
spunky replied to the topic Charlotte, NC in the forum PACTrust/EHT Topics and Creative Real Estate Financing 9 years, 6 months ago
Thank you for your reply Scott,
I can and have done most of NARS systems. They are great!
I am still seeking anyone who wants to share tasks, expenses and profits ie finding, funding and farming a transaction residential or commercial.
And yes Charlotte is my preferred area, but open to other states. -
spunky replied to the topic Real estate financing? in the forum PACTrust/EHT Topics and Creative Real Estate Financing 9 years, 7 months ago
I agree that if the arrears could be paid and the line of credit brought current , this is best plan. I believe arrearages are about 5 to 7 months plus lender and attorney fees. Sister who has POA from brother does not have total amount that is due, but if stable trust could be set up with RB, lender could be repaid monthly.
But, at present,…[Read more] - Load More