9 August 2024 | 9 replies
Essentially, a shorter term allows them to pay off their debt more quickly.
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8 August 2024 | 2 replies
I also have stumbled across a guy on TikTok (I know, I know) who claims he got into real estate investing by developing relationships by completing inspections for investors and essentially picking their brains on the business side of things.
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8 August 2024 | 0 replies
Improving public transportation and ensuring it remains accessible and fare-free is a positive step, but it's not enough if residents still need to commute long distances for work or basic amenities.Investing in local infrastructure, encouraging businesses to set up in Worcester, and providing incentives to attract and retain jobs within the city are essential steps.
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8 August 2024 | 5 replies
So essentially a good broker we'll get 75% of the materials upfront and if something is not right, the broker will tell the borrower what they need to do to get the loan accepted.
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9 August 2024 | 16 replies
This would essentially defer capital gains until you either 1) sell the new deal or 2) die and the IRS cleans the slate.
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7 August 2024 | 1 reply
Casting a large net by utilizing wholesalers, MLS, direct relationships with agents to get deals BEFORE they hit the MLS, driving for dollars/door knocking, direct mail, etc. are all great avenues if done correctly.Knowing how to calculate the ARV and rehab costs is also essential to identifying a good deal and that goes with any area.
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8 August 2024 | 7 replies
Personally, I like to essentially do a move in inspection.
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9 August 2024 | 12 replies
From what I see, legal non-conforming property/land is essentially grandfathered for a particular use, despite being illegal under current zoning ordinances.
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10 August 2024 | 14 replies
About 4 years ago we purchased a retail center for cash and after stabilizing the tenancies financed $650,000 at 4% fixed 20 years with this lender. 3 months ago this lender allowed us to wrap their note in a new first lien we provided to a buyer with a 10% interest rate - essentially granting us the right to collect the differential between 10% and 4% on the principal balance (currently $610,000).
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8 August 2024 | 17 replies
It sounds like the transaction is close to closing, which means instead of finding a new buyer, they'd likely be open to reasonable concessions.Included full clause below...FORCE MAJEURE: Buyer or Seller shall not be required to exercise or perform any right or obligation under this Contract or be liable to each other for damages so long as performance or non-performance of the right or obligation, or the availability of services, insurance, or required approvals essential to Closing, is disrupted, delayed, aused or prevented by a Force Majeure event.