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8 August 2024 | 17 replies
You are likely out of your inspection period and the ways out for you are appraisal and financing contingencies.
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9 August 2024 | 13 replies
And you won't immediately give up 40% of your profit in taxes.Simply keep repeating this process with one addition - periodically (when you have a good reason) you will sell one of your rentals and using a 1031 exchange, purchase 1 or two new properties to again BRRRR.
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8 August 2024 | 1 reply
Have a legal advisor or counsel review your documents before signing.These will make your ultimate exit strategy, post Hard Money financing period, much easier when: - preparing & submitting paperwork for individual tax returns - maintaining the note in good stating with consistent payments & digital payment history paper trail - digital and/or easy access to documentation - preparing for a Re-Fi, Conventional financing, payoff, or even Flip/Sale & deed/title reconveyance to remove the Hard Money Lein holider at the end of the note's term
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8 August 2024 | 0 replies
A study by Geraci LLP, analyzing data from 125 lending companies, shows that the private lending industry performed significantly better in the first four months of 2024 compared to the same period in 2023.When it comes to short-term loans—like fix-and-flip, construction, and bridge loans—there was a notable increase in production from 2023 to 2024.
9 August 2024 | 6 replies
You might consider starting with a trial period to assess their services and see if they align with your goals.
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7 August 2024 | 5 replies
I just get my lists fir free from the municipalities:- Most delinquent tax payers- Tax-exempt property owners- Tax-deeded previous owners still in the redemption period- Fire-damaged etc
8 August 2024 | 10 replies
It's usually 45-60 minutes instead of 15 however, and a local rep or property manager can be the "designated agent" who is required to respond to nuisance complaints within the given time period.
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8 August 2024 | 7 replies
Commercial real estate loans have different requirements and terms, such as shorter terms and longer amortization periods.
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8 August 2024 | 4 replies
But there might be hold periods of less (or more) time that are appropriate also.
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8 August 2024 | 8 replies
You may always administer a rent raise if you are looking for higher income from the units. 30 day period after a year of renting, ect.