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12 November 2024 | 11 replies
The same is true of seller financed transactions.
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8 November 2024 | 10 replies
That is, @Bill B. is correct.While true that it’s harder to find P/HMLs willing to lend in second position than first, it’s also true that many of these will only lend behind a large conventional lender, such as a bank.
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8 November 2024 | 3 replies
Hi Mary,It is true the lender will not usually give you the rehab funds in advance, but this does not mean that you must complete all of the rehab out of pocket.
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11 November 2024 | 8 replies
If this Cap is allowed to expire, I would think that there will be a rush to take advantage of it.That should increase demand for higher priced Homes because the Standard Deduction gets reduced significantly AND you can go way above the Standard Deduction by Itemizing the SALT Deductions.If your comps are Single Family Homes and/or small Multi-Family that can convert to an Owner Occupied (think BRRRR here), it is well should rise in value as the Federal Tax deduction lowers the monthly payments for every homeowner with a large Mortgage that also pays State and Local Taxes. too funny I had not thought of the Salt deductions in years and today it popped into my mind then you post this.. very true for high priced markets this will be a huge bene
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8 November 2024 | 2 replies
NSPIRE inspections will more accurately reflect the true physical conditions of properties and ensure that property owners adopt sound maintenance practices to eliminate health and safety hazards that may pose a threat to residents.
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5 November 2024 | 28 replies
This can be a game-changer, especially in neighborhoods like the South Loop or near revitalizing areas like Pilsen, where property values are expected to rise.Improvement Exchanges: Recent IRS rulings allow you to use exchange proceeds to make improvements on a replacement property while still qualifying for 1031 deferral benefits.
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7 November 2024 | 51 replies
All the people I know that invested with them invested pretty recently, so too early to see what the results are.Looking at their numbers "too good to be true" is accurate.
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8 November 2024 | 10 replies
That's what I did and I can tell from experience that it's going to change your game.
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9 November 2024 | 87 replies
So, they should have cut yesterday by 100, and they should have cut in July, but they don't want to crash the Markets (their true masters-as they are appointed by politicians beholden to asset owning donors).
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9 November 2024 | 10 replies
It's a numbers game for certain so the more you see the quicker you'll be able to identify a good deal.