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9 January 2025 | 2 replies
As a limited partner, you would be able to participate in the project without being involved in the day-to-day operations, while benefiting from the potential profits upon completion.If this sounds like an opportunity you would be interested in, I would love to discuss further and provide additional details on how we can collaborate.Looking forward to connecting soon.
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19 January 2025 | 21 replies
I am on Realtor.com most days looking around.
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13 January 2025 | 10 replies
People start moving in with their TOH homes (back in the day when everyone could afford one) and the park starts to fill up.
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14 January 2025 | 25 replies
We arranged closing during a slower period of time & had him leave everything (furniture, inventory, guides, etc.) literally bought it & could start taking booking the same day.
13 January 2025 | 41 replies
I only bought sub to if there was enough equity day one to either flip with no work or there was margin to do a rehab and then sell..
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16 January 2025 | 12 replies
For these reasons, we don't invest our emergency funds in anything that has volatility and we can't write a check against it the same day for an emergency.
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11 January 2025 | 7 replies
You could also get a line of credit for about $150k (you should be able to borrow 75% of the value.)The reason I suggest this is…1) you save $40-$60k in selling costs. 2) you have a lower blended interest rate (2/3rds at 3.25% and 1/3rd at 7 or 8% instead of the whole $500k at 7 or 8%) saving you another $1k/mo in interest. 3) you only pay interest on that $150k when you actually use it, not from day 1 Unless you hate this property, or want to buy something you can’t afford without selling, that would be my plan.
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16 January 2025 | 23 replies
Also, the foreclosure process in Texas is a quick 41 to 50 day process.Lastly, Texas has passed mortgage wrap legislation to help on these.
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11 January 2025 | 9 replies
I'm going to reiterate what's already been mentioned above, but I'm going to actually give you examples of why it's relevant to you to find a U.S. tax professional.1 - You're going to need to file U.S. taxes once you have property down here, there's federal filings, state filings, and sometimes local filings too2 - Tons of tax treaties between the U.S. and Canada that are easy to miss and can cost you a lot of money (important one with rentals - effectively connected income - if the professional you talk to doesn't know what this is, run away)3 - The amount of days you spend in the U.S. needs to be tracked and if you go over a threshold, all of your worldwide income could be taxable by the U.S.4 - Selling real property means up to 15% of your sales proceeds might not be available to you for years (FIRPTA)5 - Lots of nuance at the state and local levels, which both want to take as much money from you as possibleMain takeaway here is that you should find a U.S. based tax person.
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8 January 2025 | 20 replies
. - Who ever told you that only 30 days notice is required does not know CA law.