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4 April 2024 | 7 replies
The way this is more commonly done is to partner with the seller where they contribute the land to an entity that you manage (and the seller becomes a member).
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5 April 2024 | 6 replies
@Dave FosterThank you for contributing additional information regarding DSTs and 1031s.
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4 April 2024 | 2 replies
Funding your account happens through a rollover, transfer, or personal contribution.
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6 April 2024 | 46 replies
You would be exactly correct - in 2009-2010 there was very little change to tourism in the area, and ease of access (and overall affordability of the region) seem to be obvious contributing factors.
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2 April 2024 | 2 replies
This couple struggled with the notion that, despite our shared experiences as biracial LGBTQ+ couples, our lives and choices were our own.
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4 April 2024 | 14 replies
And might there be more (important) factors that contribute to large volume or top producer sales?
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4 April 2024 | 12 replies
In this deal, I negotiated a 3% contribution to closing costs as well to offset some of the purchase costs.Purchase Price: $394,000Lenders Title Policy: $1294Owner's Title Policy: $2618Prepay Insurance: $776Prorate Taxes: $3390Government Recording: $160Transfer Tax: $490HOA Prepay: $275Inspection: $330Flood Cert: $9Credit Check: $37Loan Fee: $995Interest Charge: $837Home Warranty: $530So my total closing costs were $11,741 or 2.98% of the purchase price.
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4 April 2024 | 1 reply
It is also contributing to high bond spreads (and thus higher mortgage rates).
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3 April 2024 | 7 replies
They can probably sell the land for more than a builder would be willing to contribute in a partnership.
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3 April 2024 | 6 replies
We've typically either structured them with a new LLC with a solid operating agreement laying out everyone's duties, contributions, percentage of risk, and percentage of profit.