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11 March 2024 | 3 replies
You said a “little” money, so bear in mind if you transfer that into a self directed account the annual contribution limits are $7k plus $1000 catch up over 50 so it may take a while to get it to a point where you have enough to invest in real estate.
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11 March 2024 | 4 replies
Could i take any of the left over cashflow and transfer to my personal account and use it to pay the 401k loan back?
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11 March 2024 | 12 replies
Prices are generally cheaper, there are no caps on rent increases and there are no property transfer taxes.
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12 March 2024 | 250 replies
There are actually 2 chains of title on leasehold properties... one for the leasehold interest (transferred by assignment) and one for the fee (transferred by deed).
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11 March 2024 | 10 replies
The best accountants and CPAs will be able to offer you a secure document transfer system in order to keep your sensitive information safe, and also be able to conduct their bookkeeping and tax return services electronically as well, saving both time and money.In my personal ventures into real estate, I have started several LLCs and would be happy to share my real estate experiences with you.
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11 March 2024 | 32 replies
Depends on what title was transferred to the buyer.General warranty deed usually warranties for full chain of title.
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9 March 2024 | 22 replies
Identify actual buyer who is willing/able to pay at least negotiated price, plus finder/transfer fee ($5-10k, for example); create a contract with end-buyer that identifies finder/transfer fee, agreement to complete purchase, and assigns difference (if any) of contract price and end-buyer price to self4.
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11 March 2024 | 22 replies
also, not all realtor brokerages are the same, some brokerages may have more support or more transfer knowledge but your commission may be less; in other brokerages, your commission is higher but the transfer of knowledge is much less.
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11 March 2024 | 16 replies
If there are leases, the seller should have given you those as well when the property was transferred.
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9 March 2024 | 7 replies
They would essentially gift the money from the lenders perspective, but from the 1031 perspective the funds will be transferred directly to escrow at closing so it may satisfy both sides.