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18 December 2024 | 11 replies
Are you vendor direct could be a lot cheaper on countertops, and could save you money..
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15 December 2024 | 3 replies
Maybe try contacting AirDNA directly - they haven worked with me on pricing in the past.
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16 December 2024 | 3 replies
When running numbers, especially on small multis more western markets with direct access to NYC tend to be more favorable from the numbers stand point and many of these towns offer 30 minutes or less taking commuting lines.
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17 December 2024 | 12 replies
And for the short term goal, do a house hack as you have planned.If you need any more direction send me a message.
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16 December 2024 | 6 replies
Selling long-term stocks at a gain won’t offset passive gains directly, as these are classified as capital gains.
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16 December 2024 | 8 replies
You can check out his property walk-through videos on Instagram, Vimeo, and Facebook, and get insights into his knowledge on his Twin Cities Investing Show podcast.
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10 December 2024 | 5 replies
I get the general gist of it but also know it’s a little more complicated than the videos make it out to be.
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17 December 2024 | 16 replies
Structuring the Deal with a PartnerWhile your partner cannot directly participate in the loan, there are ways to structure your arrangement to reflect your 50/50 partnership:Option 1: Post-Purchase Equity SaleYou obtain the 203(k) loan in your name as the owner-occupant.After closing, you sell your partner 50% equity in the property via a quitclaim deed or similar legal instrument.Your partnership agreement would outline each person’s roles, responsibilities, and share of profits.Note: Be mindful of FHA’s rules around title changes and ensure this doesn’t violate loan terms.Option 2: Partnership Contribution AgreementYou both contribute to the down payment and renovation costs as outlined in a partnership agreement.Your partner’s contribution could be recognized as a share of the equity in exchange for funding, services, or property management.The partnership agreement would detail how profits, responsibilities, and equity are split.Option 3: Joint Venture AgreementStructure the deal as a joint venture, where you own the property personally (required for the FHA loan), but profits and roles are split per a formal agreement.Your partner could receive equity-like compensation through profit-sharing without being on the title.3.
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17 December 2024 | 22 replies
Also I agree buy direct through turnkey provider or broker.
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20 December 2024 | 10 replies
A couple months ago i was directed to the bigger pockets podcast by my twin brother Derek.