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18 September 2024 | 5 replies
PLRs can't be cited as precedent, so you could do exactly the same thing as the other taxpayers in those PLRs and the IRS can still disqualify the 1031 Exchange and the more your transaction deviates from the PLRs the more risk you take on.
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18 September 2024 | 1 reply
I’m investor friendly and I only charge 2.5% for any transaction I facilitate
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16 September 2024 | 8 replies
effectively, you'd either need to look for a lender that would let you use the other property as collateral (cross) so that you can avoid actually taking the cash-out (this is rare in terms of institutional DSCR lenders, but fairly common in the hard money or private money space)...
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18 September 2024 | 6 replies
I would prefer to hang it somewhere where they work with investors so I can gain experience before my first transaction.
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19 September 2024 | 7 replies
Or, should i do the same exact concept except eliminate the holding company, and simply have 3 independent LLC's, all with me as the member, and the property management company handle all of the transactions and pay the property holding LLCs a fee each month?
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18 September 2024 | 7 replies
So many things can go wrong in a RE transaction that you don't want to risk it unless it's very small like $500.
17 September 2024 | 6 replies
@Mirlyne AndreRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
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18 September 2024 | 1 reply
This quick turnaround yielded a solid profit, showcasing our expertise in fast-paced real estate transactions and market timing.
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18 September 2024 | 23 replies
Transaction taxes and title insurance costs to the seller are based on purchase price.
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16 September 2024 | 10 replies
It would be a straightforward transaction, I wouldn't be asking for any concessions or doing any major negotiating.