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18 April 2024 | 18 replies
If your current property doesn't meet these criteria, it might be wise to keep looking for one that better suits your financial situation and goals.
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17 April 2024 | 2 replies
It’s also wise to discuss and prepare for all potential scenarios in a business partnership, including exit strategies.Communication: Keep potential and current investors informed with regular updates about the market, specific investment opportunities, and your overall business progress.
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17 April 2024 | 5 replies
It sounds like you have a contractor that either is in over his head (skill wise or help wise) if money is not the issue.
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17 April 2024 | 5 replies
But not my specific situation, hoping some wise minds can help.
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17 April 2024 | 3 replies
She will get each beneficiary to sign off on allowing this to happen, lessening their inheritance cash-wise but keeping the family in a home.My idea is that the trustee daughter could purchase the home, but could do so instead through a sort of owner-financing where the Trust finances the asset to her directly rather than buying it in full at great cost and taking out a mortgage on an already paid for property:- Property is in Trust and is fully paid off,- Trust finances the property to Trustee for closer to market value, and payment can still be set at 1500- No/less down payment required- Any interest rate, maybe 0- Tenant family makes rent payment of 1500, which pays off the property and pays into Trust- Beneficiaries' % share accrues gradually as payments are made- Set future balloon payment if necessary (if Balance required at a certain time, for college, etc.)This would decrease the out-of-pocket cost for the Trustee purchaser, and increase the amount that each beneficiary will receive (eventually).I have no Trust experience, though, and I'm hoping to hear from the experts.
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16 April 2024 | 8 replies
Additionally, thinking about investing in different property types or enlisting the help of a trusted property management firm may be wise choices.
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21 April 2024 | 240 replies
G'Day everyone,Have you guys seen what @James Wise thinks about Ohio Cashflow and the Toledo market?
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17 April 2024 | 8 replies
Although if you are investing for at least a decent time frame (~5 years) then having a prepayment penalty on a DSCR Loan for the property is going to be very competitive rate and terms wise with a 2nd home loan anyway - I would say the "full two points" is a little exagerratedhttps://x.com/Wildlaw406/status/1689395078589276160
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15 April 2024 | 3 replies
From what I read this is not a good choice investment wise since the prices are really high (~700K).