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29 August 2024 | 6 replies
Does anyone have advice regarding doing a 1031 exchange, where the goal is to take title back as an individual and dissolve the LLC that the relinquished property was held in (without triggering a taxable event)?
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28 August 2024 | 11 replies
If the due on sale is trigger I also have my back up plan (just realized that some old freddie mae) does not have this clause on its terms).
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29 August 2024 | 14 replies
They locked in rates for 30 yrs therefore guaranteeing a higher potential of success.
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28 August 2024 | 6 replies
Right now, the buy-in is so high in NJ, they are locking up deals at prices that aren't sustainable and chasing spreads that are way too big.
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27 August 2024 | 1 reply
Reason I do not want to do a cash out refi on my primary is because my rate is locked at 2.7%.
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29 August 2024 | 20 replies
I also do not think the people will allow themselves to be locked down again based on the post covid review which this is not political.
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27 August 2024 | 8 replies
You typically charge them an Option Fee (the $20k) to lock in purchase terms today.
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23 August 2024 | 6 replies
So you would have to get a commercial loan if going straight to the LLC - which usually has worse terms (shorter rate lock period, shorter amortization schedule).USUALLY, you can borrow personally and then deed it to the LLC after the fact and as long as the LLC is owned by the borrower you won’t trigger a due on sales clause.
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28 August 2024 | 18 replies
Just make sure you factor in all costs and find out if your heloc allows rate locks and interest only payments.... the goal would be to pay off HELOC ASAP and then use it again to invest in the next property....
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30 August 2024 | 29 replies
Tax wise no, the actual return is higher than 3% but if you're comfortable locking up funds for 6 months, 5% doesn't look terrible to me.