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7 June 2024 | 15 replies
A credible lender will be happy to provide them.Experience: Check how long the lender has been in business and their experience with similar projects.Red Flags:Upfront Fees: Be cautious of lenders asking for substantial upfront fees before any services are rendered.Lack of Transparency: If a lender is not transparent about terms, fees, or the loan process, it’s a red flag.Unrealistic Promises: Beware of lenders promising guaranteed approvals without a proper assessment or offering terms that seem too good to be true.Poor Communication: Difficulty in reaching the lender or getting clear answers can indicate potential issues down the line.By conducting thorough research and due diligence, you can confidently choose a reputable hard money lender that meets your needs.
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5 June 2024 | 0 replies
Partner Driven added value to the Faith Home Rd deal by investing $30,000 in comprehensive renovations.
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6 June 2024 | 19 replies
@Michael Plaks has a great post on this topic.2 - Assess the value of those tax deductions to you: The value of a deduction depends on (a) whether you're actually able to use it to reduce taxable income and (b) your marginal tax rate.As an STR, assuming the average rental period is 7 days or less, key items to consider are: (a) material participation and (b) avoidance of "excessive" personal use.
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5 June 2024 | 0 replies
Partner Driven added value to the Wright Road deal by investing $42,000 in comprehensive renovations.
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5 June 2024 | 0 replies
Presented by Premier Law PLLCAccording to Florida tax regulations, real property without a homestead exemption is eligible for a 10% cap on annual increases in its assessed value for real property tax purposes.
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5 June 2024 | 0 replies
Partner Driven added value to the Briar Oak deal by investing $43,000 in comprehensive renovations.
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5 June 2024 | 0 replies
Partner Driven added value to the Briar Oak deal by investing $43,000 in comprehensive renovations.
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6 June 2024 | 23 replies
If there is some significant value ad that you completed to the property, take a deeper look into the assessments and extra values that the appraiser may or may not have given your property.
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5 June 2024 | 1 reply
Partner Driven added value to the Schilling Road deal by investing $62,000 in comprehensive renovations.
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5 June 2024 | 14 replies
when the AI able to read deed record they should be able to calculate this more comprehensibly, some software even without AI can already do the above.