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24 October 2024 | 11 replies
Reaching out to all you note/CFD veterans again.It's my understanding that in certain states, for delinquent/non-performing CFD's, you must go through a standard foreclosure process (once all other methods like forbearance and modification have been exhausted).
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22 October 2024 | 14 replies
She can't afford rent, so you get her moved out by the end of the month, then apply her deposit to the unpaid rent, cleaning, and repairs.I may even incentivize her to leave quickly by offering to forgive the unpaid portion of rent if she gets out by the end of the month, but it really depends on a number of factors and I'm not going to ask for details.For future reference, best practice is to have set standards and adhere to them every time.
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28 October 2024 | 12 replies
However, in practice, lenders rarely enforce it as long as mortgage payments are current and there’s no added risk for them.If you want to avoid triggering the due on sale clause, the safest bet is to wait a few months after closing before transferring the deed to your LLC.
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22 October 2024 | 12 replies
A qualified professional appraiser will generate a comprehensive analysis considering factors such as sales comparisons, highest and best use, market conditions, and income generated following Uniform Standards of Professional Appraisal Practice guidelines.
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25 October 2024 | 10 replies
As soon as you start discussing your business practice and strategies with your customers (tenants), then all bets are off and you run the risk of Fair Housing violations.
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29 October 2024 | 131 replies
I'm not too worried about overpaying, just about getting bad value, or worse yet, bad practices.
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18 October 2024 | 2 replies
What are standard terms and conditions when raising capital from investors for a real estate investment?
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24 October 2024 | 2 replies
@Brandon Ja - The standard answer here is to check with your CPA, but from my standpoint expenses that add longevity and functionality to an existing property (including adding square footage) would make that a capital expenditure that can be depreciated over time.
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23 October 2024 | 2 replies
Some townhomes are like $250,000 and rent is still $2000+.Where I’m from, a $400,000 house would probably rent for about $2000 so I was pleasantly surprised to see how much more rent you can get per dollar, is this pretty standard or am I missing something about Freeport?
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28 October 2024 | 30 replies
If you are out there finding the projects with the sub 70% project cost to ARV the difference between 11.25 and 11.99 is neither here no there.I been at the practice of setting networks up now for two years.