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21 August 2024 | 94 replies
For instance I’m only 15 however my real estate journey is starting with my dads friend who is big in the business.
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19 August 2024 | 13 replies
Did you use an attorney in this instance?
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20 August 2024 | 18 replies
In the rare instance where I use an agent, I tell them what I will pay a listing agent and how long the contract will be.
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18 August 2024 | 3 replies
That's just a rule of thumb for a quick calculation.Flipping is could be cost intensive and then bring tax liability when done as a one off, for instance if you did 1 per year maybe it's not worth it.
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18 August 2024 | 3 replies
For instance, the heloc property could be a rental that is producing enough cash flow to make the heloc payments, so it can pay for itself and not depend on the other purchase.
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17 August 2024 | 2 replies
Since you're in Atlanta, you’ll need to file both federal and Georgia state corporate taxes.Deadlines:Federal: Typically due by April 15 (if your fiscal year ends in December).Georgia State: Usually aligns with the federal deadline.Penalties:Federal: Late filing can result in a 5% penalty per month on unpaid taxes, up to 25%.State: Georgia also charges penalties and interest for late filings and payments.Filing Options:Federal: You can file using the IRS e-file system or tax software like TurboTax Business.Georgia State: You can file online at the Georgia Department of Revenue’s website.If you’re pressed for time, file for an extension to avoid penalties!
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17 August 2024 | 13 replies
this is a toughie. hard money specifically is equity-driven, meaning they'll likely want 40%+ down to even entertain the deal. additionally, land without improvements is often very inexpensive (relative to land with improvements), usually pushing below a threshold which makes sense for a hard money lender. if you're not intending to build right away, then i think you'll have the best luck with private money instead of hard money. usually higher leverages than hard money, and more negotiable terms.if you are intending to build on it pretty right away, a ground-up construction loan could work, but those will typically require some ground-up construction experience (on title on other ground-up deals), or an extensive portfolio of heavy rehabs/ rentals/ strong liquidity. those will give you acquisition monies (to buy the land) and build monies (to build the improvements).
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18 August 2024 | 5 replies
If there is rot and its a more extensive of a job than merely replacing the window that will drive cost as well so you should seek a line item budget from the installers.
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19 August 2024 | 13 replies
So on one for instance the buyer wanted 8k of upgraded floors the house was 850k I countered OK on the floors but But buyer had to pay whatever fee the buyers agent wanted. or no floors and we pay 1% to buyers agent.. they decided against the floors and to allow their agent the 1% .
21 August 2024 | 182 replies
You are ignoring the point - every instance that you describe of how each country became communist covers a short period of time and ignores the history that preceded the takeover.