24 August 2024 | 4 replies
Trying to get an idea of how much cash we need to bring to the table and any curve balls that could come up.
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21 August 2024 | 19 replies
My current job offers me a unique opportunity for house flipping.
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23 August 2024 | 2 replies
Traditional Banks have more rigorous approval processes, which can take weeks or even months.We are usually more flexible with loan terms and conditions and are more aggressive with leverage (higher leverage compared to banks), while banks generally have rigid loan terms and conditions that may not be as adaptable to unique investment scenarios.Private lenders are more focused on the potential of the investment itself rather than the borrower’s credit history or financial background.
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23 August 2024 | 7 replies
I’d honestly rather just look at buying one off condos at this point, probably not gonna cash flow either but at least you take some risk off the table and can get into more stable areas with less construction (mainly NW)
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23 August 2024 | 5 replies
Also, be mindful of Portland's unique areas, such as Northeast Portland for duplexes and Southeast Portland for older houses.
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23 August 2024 | 54 replies
@Allen TracyCalifornia state tax laws are complex and you do want to work with a professional who understands state tax laws.You also want to work with a CPA who understands multi-state taxation since you have to have property out of state and as a result need to file an OH state tax return.Ohio is a unique state in that it requires the filing of many locality returns.Good luck in your search!
23 August 2024 | 8 replies
Have run into those unique seller carrybacks before as well, generally not something lenders like but may be possible with the right setup.
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22 August 2024 | 2 replies
Navigating the zoning requirements, dealing with Maryland Historical Trust limitations on what can and can’t be done to the property, and the financial burden of renovating the property to meet these standards have left us trying to figure out the best strategy so the property doesn’t just sit unused.If we decide to sell, we anticipate pricing it at around $70-$80 per square foot, which is an incredible deal for a property of this nature.We’re reaching out to see if anyone here might know of potential buyers interested in this unique opportunity.
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22 August 2024 | 4 replies
When elections come around too, people get more worried and take their money off the table till the following year, this is a time to jump into the market and negotiate harder on deals too!
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25 August 2024 | 23 replies
That way the owner knows how much they are getting and there are no surprises at the settlement table.