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25 July 2024 | 4 replies
It was intended as a fix and flip, and our original exit strategy was reached. we bought with hard money then did a refi to convential because repairs became drawn out and rented for some cf to by is time. we ended up selling for 405,000 and our loan balance was 235,000.
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25 July 2024 | 11 replies
Or is the deposit used to pay a delinquent balance?
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26 July 2024 | 23 replies
Then switched over their remaining balance to my other account & put that one as I moved out.
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24 July 2024 | 15 replies
The only financial data our VA adds to Stessa is collected rent, mortgage balances, market value and any capital expenditures.
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25 July 2024 | 3 replies
For bigger transactional income we have our building projects which I have to PG however even though the risk is always there we have been blessed these last 4 years on these that equates to about 120 homes built and mostly all sold.. then the balance in Notes a few long term.. and JV partner on land deals and flip houses those have zero debt.
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24 July 2024 | 8 replies
I describe this one as the beauty is in the balance sheet What made you interested in investing in this type of deal?
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25 July 2024 | 10 replies
A better question is what happens if the SELLER can't close in that scenario.Accordingly, many assignment fees are paid in 2 stages... 1 at time of assignment (often into escrow) and the balance at closing.
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24 July 2024 | 8 replies
Name brands with solid balance sheets are generally a better bet, still one can't forget the big fall too, so diligence is just as key with big names and cut them zero slack.
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23 July 2024 | 0 replies
This consistency shows a balanced market where buyers and sellers are finding common ground.Median Time to Contract: Homes are taking a bit longer to sell, with a median of 28 days to contract compared to 27 days last year—a small 3.7% increase.Median Time to Sales: The total median time to sales decreased by 2.8%, from 71 days to 69 days.
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27 July 2024 | 108 replies
If you can net a 6% return on $1,500,000, that is about $90,000 / annual return.You mention having a healthy IRA, what is the balance of this and how much do you plan to take out?