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2 January 2025 | 6 replies
@Megan HerringtonBigger Pockets is a great place to find a real estate tax accountant.
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30 December 2024 | 3 replies
Confirm that the warranty applies to the type of property you own and consider whether the annual cost and service call fees make sense compared to just handling repairs yourself or using your own trusted contractors.
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15 January 2025 | 24 replies
Don to me passive you are not on the Checking account and Active you are on the checking account.
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9 January 2025 | 4 replies
Here are a couple of ways you could structure the deal:Lease Option with Seller Financing: You could lease the property with an option to buy later, allowing you to rehab it while giving the sellers time to find a 1031 replacement property.Seller Financing with Deferred Payment: Structure the seller financing with no immediate payments, allowing you to refinance once the property is appraised, and the sellers can complete the 1031 exchange when ready.Escrow Holdback: Transfer the deed into an escrow account, giving you control without immediate transfer, so the sellers can take their time with the 1031.Third-Party Facilitation: Use a qualified intermediary to hold funds and facilitate the 1031 exchange while you refinance.These options allow flexibility for both you and the sellers.
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13 January 2025 | 15 replies
It may be that they are underwriting the property at a significantly different valuation than what you are using or that they feel that you or the deal is excessively risky.Great advice here, and a good HML will have an account rep or someone to communicate with you through the process so that you know.
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7 January 2025 | 2 replies
Remember to account for potential surprises.
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5 February 2025 | 205 replies
However, I've learned a lot from that experience and am willing start over again- Make sure you stay on the top of them and fully account for the draws being taken as if they (Builder) have multiple projects I've seen where one individual's draw gets comingled with another property.
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7 January 2025 | 13 replies
This frustrating because she claims that she reserves the right to ignore me because she is working.We use zelle for payment and it happens to be her sister's account.
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11 January 2025 | 15 replies
there are ways to get around the highest and you also need to take into account the savings you will generally have on the purchase side when compared to other regions.
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30 December 2024 | 11 replies
You should be within $50- $100 of market rents for long-term tenants with taking into account the condition of the property.