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21 February 2025 | 182 replies
I unfortunately blocked two plots and paid 20% for both and now it is almost 2 years and there is no response at all from Wagner or the builders :(-------The house will come with stainless steel appliances including a dishwasher, hood, refrigerator, and range.3 Bedrooms2 Bathrooms2 Car garage 1323Sq/ftThe price of this property is $198,000.00 with a 20% due at contract and the remaining 80% could be paid via conventional financing or cash.
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18 January 2025 | 1 reply
The bank will make you leave 25% equity in the property - but you also still want the property to at least cash flow some - so be careful how much equity you pull out / new debt you take on.I would do a cost benefit analysis of what your actual gain is in cash-flow on buying a new property with a (currently) higher interest rate (if financing), versus just holding on to the current appreciated property and enjoying that cash flow.All the best!
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29 January 2025 | 24 replies
For example, the FHA will all 100% financing on a purchase anywhere in the country, not just in the disaster area, for someone residing in a disaster area at the time of the disaster, whether they were a homeowner or renter.
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16 February 2025 | 29 replies
Although she got very fortunate ( probably because of her skill and dedication) But the CFO of one of the spin offs on brought her over and she is now the head of corporate finance for this company and will be getting all the perks that come along with it pre IPO stock etc.
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9 January 2025 | 30 replies
The first misconception is that you can declare a property headed onto the market only S8 eligible, refusing to consider traditional applicants.
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14 January 2025 | 4 replies
Sri,Are you a General Contractor/Builder or are you simply looking for financing to build a 2-4 unit?
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14 January 2025 | 8 replies
9) adding multiple ADUs or adding an ADU to a quad looses F/F conventional financing.
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21 January 2025 | 4 replies
If the permanent financing will allow you to recover most of your initial investment and the fair market rent covers the principal, interest taxes, and insurance with cash left over, you have a BRRRR.
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21 January 2025 | 6 replies
And then sold it on owner financing to the new neighbor who thought it was part of their property.
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20 January 2025 | 3 replies
A 1031 exchange doesn’t apply, but funding through a self-directed IRA can defer taxes, though profits from debt financing may trigger UBIT.To reduce taxes, consider forming an LLC for better expense deductions, offsetting gains with investment losses, or holding the property for 12+ months to qualify for lower long-term capital gains rates.This post does not create a CPA-Client relationship.