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27 August 2024 | 2 replies
Alternatively, if more time is needed, then they could pay you a fee to sell them an "option contract" to buy the property at a set price within a given time period.
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29 August 2024 | 7 replies
the biggest indication of a investor failing in real estate is not having enough reserves to get through the rainy seasons of the investment where as people who can get through over a long period of time do extremely well.
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26 August 2024 | 6 replies
It has been in effect since early 2022, requiring licensing for STRs and max 180-day listing periods.
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27 August 2024 | 1 reply
Sometimes issues can go unnoticed and get much more expensive if you can’t see the property physically for long periods of time.
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27 August 2024 | 3 replies
I used to have several out of state investors who would buy houses in Memphis via the online tax sale auction, then hold them for a year so the redemption period ended, then they would hire an attorney to "quiet" the title which would take 4-6 months and cost roughly $5000 but then they had clear title and would sell it "as-is" to other investors or hire me and list it on the MLS and get higher offers.
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26 August 2024 | 20 replies
Loans typically get paid back on a refinance or buy out period but if the property fails to gain enough equity within that period of time it can be a lost deal and painful.I would advise you to look into traditional or Non/QM financing where you use your credit score or income to buy the home.
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27 August 2024 | 0 replies
Like-Kind Exchange Depreciation OptionsOption 1: Generally, taxpayers must depreciate the carryover basis of property acquired in a like-kind exchange during the current tax year over the remaining recovery period of the property exchanged.
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27 August 2024 | 8 replies
If you use the money for personal purposes, as opposed to business purposes, the interest on this loan is never deductible, period.2.
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27 August 2024 | 19 replies
The agreement should last 4-5 days.If I don't like that home, and I think I want to engage a buyer agent for more in depth services over a longer period of time, then I will entertain other buyer representation agreements, but I will not agree to over 2%, which is the maximum recommended by the Consumer Federation of America.To be fair, if my needs required my buyer agent to show me 30+ homes, or preview them since I am out of town, or something else that took an extraordinary amount of the agent's time, I would consider more than 2%.
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26 August 2024 | 13 replies
What occurs in the 7-10 day period that takes up the time?