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10 October 2024 | 6 replies
Seller requests buyers cooperation in such an exchange and agrees to hold Buyer harmless from any and all costs, claims, liabilities or delays in time resulting from such an exchange.
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10 October 2024 | 2 replies
This type of exchange provides investors with a way of increasing liquidity and diversification of their real estate investments, while deferring very costly capital gains and depreciation recapture taxes that may result from the sale of properties.
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10 October 2024 | 5 replies
HI @Jyotin GautamShort answer is no in Texas Long answer according to the Texas Real Estate Commission " Under the amended rule, a broker could give an unlicensed person a gift of merchandise having a value of no more than $50 and this would not subject the unlicensed recipient to a charge of unauthorized practice as a broker, nor result in a violation of TREC rules by the broker giving the nominal gift."
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10 October 2024 | 11 replies
This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.This example shows that while the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall annual loss.
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9 October 2024 | 1 reply
Don't need to know everything, but need to be responsive, find good answers and provide results.
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10 October 2024 | 25 replies
I had never used this company before, so I went to the original company that priced $8750.09 and asked them to price match.
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12 October 2024 | 9 replies
If the issue is more involved or personal (for the tenant), I would probably choose to speak over the phone about it, BUT if there is a result from the conversation that I wish to document I can send a follow-up text to do that.
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9 October 2024 | 13 replies
That’s how you start getting interest in your property.But here’s the thing – a lot of people stop there and wonder why they’re not getting the results they want.
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11 October 2024 | 56 replies
Here were the results: I have now moved out of the home and I am cash flowing roughly $1k after all things considered (I self-manage).I regret a few things, but feel unbelievably lucky and grateful with how it went (especially with the timing of the purchase and refinancing).
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8 October 2024 | 2 replies
It would help if we could increase the supply of more desirable housing to match the demand for it.