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27 August 2024 | 4 replies
I always tell folks if you can find a deal that works for you now with rates where they are then if/when they drop you will be miles ahead.
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27 August 2024 | 4 replies
The only way I see mitigating these risks is getting the previous owner to waive redemption for $$, not a guarantee ahead of the auction.I did find a case here on BP where the HOA buyer got wiped out a month into the redemption period by the bank foreclosure!
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27 August 2024 | 8 replies
I appreciate your response and have a great week ahead!!
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27 August 2024 | 0 replies
As such, planning ahead and working with a cost segregation firm that is highly experienced with 1031 exchanges is key.Definitely reach out to your CPA and/or certified cost segregation professional.
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26 August 2024 | 2 replies
I get that getting approval from the other residents can be a bit tricky, but it’s great that you’re thinking ahead about the shared spaces.
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27 August 2024 | 6 replies
I have every empathy for folks who are hurting especially from instances that are from outside of their control, but filing bankruptcy to get out of debt that she chose to sign up for and promise to pay for the sole purpose of getting ahead faster (her story, not mine) seems less than ethical and Bigger Pockets promoting it is questionable.
26 August 2024 | 16 replies
What would you say are the biggest advantages of developing a solid core-4 vs. a more established turnkey company that are a few clicks?
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27 August 2024 | 4 replies
Trade skills are lucrative these days, can easily lead to you building your own business, and will put you miles ahead when it comes to flips and rehabs on properties.
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26 August 2024 | 3 replies
You asked about a property you have listed for sale and property taxes that are coming due and the consequences of not paying them until the property sells.Generally, the local taxing authority will impose an interest penalty on any unpaid balance after the due date with a long grace period before you would have to worry about unpaid property taxes affecting your ownership of the property or your ability to sell.In all likelihood, the property taxes will become a part of the closing and will be deducted from your proceeds at the time of sale.By the way, property taxes are always in first lien position ahead of any other debts like mortgages.
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28 August 2024 | 23 replies
When half of the responses are DON’T EVER and half are GO AHEAD NO PROBLEM that should make an intelligent buyer pause and think about how that could possibly be.