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19 October 2024 | 5 replies
Seller financing is very hard to get.Most seller has the intent of collecting all the money upfront for a new property.To entice the seller to accept a low down payment, agree to the purchase price without negotiating, cover the closing costs and if there are any commissions involved with brokers/agents.
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16 October 2024 | 0 replies
These days, ads have expanded dramatically and can occupy a significant amount of “eye real estate.”
30 October 2024 | 94 replies
Get yourself in front of it first, you also completely ignored any risk factors(for reserves).And trust me, as someone who bought 40 + in one year, there's a ton more work and a ton, ton more capital involved.
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17 October 2024 | 3 replies
This involves updating the property records and ensuring that all units are now under a single tax identification number.
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18 October 2024 | 2 replies
It typically involves the following steps:1.Seller Deliverables.
17 October 2024 | 2 replies
Keep an eye on your inbox.
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16 October 2024 | 5 replies
The best advice ever given to me was to invest in mortgage notes and not the actual real estate...... unless you have the time for value added projects.Know what your end game isKeep an eye on your equity.
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18 October 2024 | 6 replies
I recommend at least 3 different states and 2-3 countries need to be involved if you want true anonymity and protection. :).
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16 October 2024 | 6 replies
My parents live up there, and I'd lean on them to be my eyes/ears.
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17 October 2024 | 1 reply
The land represents ~1% of the purchaseOn the contrary - if you purchase a $2 MM shack in manhattan on a postage stamp lot, the land could represent 99%Lever 2 - % of the property with a shorter useful life.Not all parts of a piece of real estate are depreciated at the same speed.Certain personal property assets have SHORTER lifespans in the eyes of the IRS vs the standard 27.5/39 year livesProperties with tons of this often have:- Over-developed land sites (hardscaping, pools, retaining walls)- Fancy Fixtures- Fancy Furniture (STRs!)