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12 November 2024 | 26 replies
We fund EMDs and Double closes on wholesale deals for a fee.for example if you are double closing a property worth 250k and selling it to an end buyer for 300k, you need the full 250k upfront and we can fund that amount. how much yall charge and in what states do you use lend to States aren't a limitation.
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12 November 2024 | 8 replies
It's typically both.I bet dollars to donuts your tenants are paying less than the rentals are worth and they are trashing them.
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12 November 2024 | 2 replies
However, since you listed each property under separate activities, you may face limitations.
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13 November 2024 | 23 replies
Talking to a commercial lender is the best bet.
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16 November 2024 | 21 replies
As a general partner on two syndication deals, I’d recommend reaching out to your main sponsor to understand how depreciation is allocated between general partners and limited partners for that particular deal.
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16 November 2024 | 24 replies
Unfortunately it’s very probable you will be responsible for this unless there is a statute of limitations in your state which could come into play.
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13 November 2024 | 15 replies
So, if there aren't any comps for that property type, then you would be limited in the value that would be given, thus limiting the amount of renovations to be financed.
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13 November 2024 | 7 replies
To be safe, it’s usually a good idea to wait a bit—most people suggest 6–12 months.Also, keep in mind that lenders will base the amount you can pull out on the appraised value and their loan-to-value limits, so you might not be able to take out the full difference between $2M and $2.5M.Hope that clears things up!
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14 November 2024 | 24 replies
Good luck. haha i would run away from anyone self-proclaiming as "financial expert" with the expectation to "meet the guru / mentor/coach / master of all business" in his/her personal residence lol I have not google him yet but I bet he is taking picture in front of luxury house and driving sports car ?
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15 November 2024 | 18 replies
This mindset limits the size of investments I can pursue more than if I did not have this objective.