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29 August 2024 | 19 replies
I did mine when I was in the timber industry.. it was common for me to log a property then sell said property to buyer on contract.. but they had to go through the building permit process and in Oregon that can take a year or two.. so I would sell on contract.. then take my contract to my trusty commercial banker and hypothecate it..
29 August 2024 | 70 replies
@Ted Akers yes for instance this would not work well in WA with the excise tax of 1.78% or there about on title transfers.this was a low end deal in GA so it was a normal wholesaler approach I think the guy made 10k on the deal we made a few bucks and they absorbed the one closing costs and transfer tax which was probably nominal I would have to look at the hud.I can see this working in states were double escrows are not allowed any more... or if a wholesaler wanted to put to bed the thought that they are selling re without a license.. you know the wild wild west out there in that industry were basically anything goes until it does not LOL.I am NMLS mortgage banker sitting in the bullpen.. my license is on ICE but I do the CE.. just don't want to have to take the test again incase I want to jump back into doing HML.. so for right now taking title is a clear path.. no securities issues no licensing issues.. etc etc.. and 100% control. the only way I will do this these days.. but then again my clients are well known to me for more than a decade most of them and they are high volume flippers etc... so we have a lot going on...
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29 August 2024 | 6 replies
The answer to this question will take into account your mother's goals on how the money needs to work, transition plans in the future, risk tolerance, asset segment preferences (retail, industrial, MF, self-storage, etc.), and many other factors.
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28 August 2024 | 14 replies
We even joked about student housing and other industry quirks.
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28 August 2024 | 0 replies
Define your target investors: alternative investors, passive income seekers, or industry enthusiasts.
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28 August 2024 | 22 replies
I came across a better quote from Steadily today and it looks enticing but they are relatively new to this industry.
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30 August 2024 | 9 replies
Fans also help a lot especially the big industrial fans.
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30 August 2024 | 38 replies
Returns today aren't as high in general as they were a few years ago, but that applies across the industry.
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28 August 2024 | 14 replies
I'm sure there's money to be made there in real estate, but it seems to be heavily reliant on one industry (Army) which is a red flag for me when it comes to evaluating markets.
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27 August 2024 | 19 replies
After much back and forth seller agreed to pay about 1/2 of a normal commish.. now she would have done it for free if she had to again based on the relationship and how well she does in the industry but you can see how this will affect agents that really really need those commission to live and or stay in the industry..