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27 September 2024 | 11 replies
Like you, I was concerned about potentially triggering a due-on-sale clause with the lender.However, I spoke with my lender, and while he confirmed that technically this could trigger a due-on-sale clause, he also mentioned that in practice, it’s very rare.
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25 September 2024 | 7 replies
When an entity is structured correctly you’ll be able to qualify for deep tax deductions against your w2 income through the business combination structure ( A structure that qualifies an individual for deep tax deductions)
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24 September 2024 | 0 replies
Partner Driven financed this deal using a combination of private capital and partner contributions.
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24 September 2024 | 0 replies
Partner Driven financed this deal using a combination of private capital and partner contributions.
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23 September 2024 | 19 replies
If your total income (combined for spouses) is under $100k, you can offset up to $25k of it.
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24 September 2024 | 8 replies
Trying to go to companies directly is rarely going to be your best bet.
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26 September 2024 | 13 replies
Or a combination of both. 4 months on the market and lowering it to $1700 tells me that you might have a dump AND/OR your comps are WAY off.
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23 September 2024 | 6 replies
Typically we get a copy of their license / identification and pull credit etc after they sign a credit authorization form.Typically notarized documents are needed when recording them with a county, but for a contract it’s very rare to have contracts like a lease notarized.
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24 September 2024 | 6 replies
Be sure to clarify the lender's stance on total CLTV (Combined Loan to Value) at 100%, as not all will accept this structure.
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23 September 2024 | 7 replies
Seller needs to be in second position, but honestly it rarely works out.