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3 June 2024 | 7 replies
My guess would be that as this GP is doing 1031 as a TIC into the deal he would be a little less likely to want a sale, which is a taxable capital event, and would like to keep his money invested and sheltered from taxation as long as possible which tends to fit with my investing style of long term/preferably forever investing.
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3 June 2024 | 20 replies
In this way, you are each out $1 million in liability in the event the loan is not repaid.
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4 June 2024 | 12 replies
This level of detail will get the lender more comfortable that you are being transparent, the property you own is performning and there isn't an event looming which could harm your personal financial status or create a stress.
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2 June 2024 | 2 replies
And make it a limited time & scope with a clear and written exit.Instead, network as much as you can, look up local REIAs and clubs, google will know and also on BP under events.
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4 June 2024 | 10 replies
The culminating event was when my PM said they wanted a concealed carry to tour my rental with me.
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30 May 2024 | 6 replies
I am currently tearing through videos and websites to try and gauge demand for such things.Oh, and I'm getting information together to see about rezoning as the property is currently R2 and for Event Space Rentals it needs to be B1 or B2.How can I go about gauging demand for small event spaces in the area ( I'm guessing the house occupancy at 40 )?
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4 June 2024 | 221 replies
I recently came across an INDEXED UNIVERSAL LIFE INSURANCE POLICY as far as i understand it, just recently became available to the general public (used to only be available for the already wealthy) that I purchased for myself through a business so its a tax write off. its Indexd meaning it goes up when the market goes up but stays even when the market goes down, (no losses in value)sure it might "only make" about 6-7% and you could potentially make more money in another investmet, but along with the Death Benefit there are also Living Benefits, for illness or injury, which is a great hedge in an event someone become incapacitated in any way their family is still taken care of financially. thats the "isnurance" part of it that pays out "incase"after I think 1-2 years of "loading it" it becomes very Liquid ..you can become your own personal Bank and borrow your investment from yourself, you`ll have to pay it back to yourself, but you again get the interest write off.at the end of your retirement when you end up taking out your money out as "loan to yourself" instead of a draw so it not Taxed as income , essentially "Tax Free" I also understand that banks when lending also count your insurance policys cash value as an asset.which could help with loans from themI was really impressed with how it was presented and was so far one of the best "off the shelf" retirement investment vehicles (compared to say a Roth IRA) im sure i left a few things out but thats how i understand an indexed universal life insurance policyyou can also "load it" pretty heavily evey year compared something like a Roth Ira which only allows you to load a max of 6k a year?
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1 June 2024 | 6 replies
You could roll the dice and attempt a sale, just be careful if you let an inspection contingency offer be accepted, you open yourself up to having to go back on market in the event the buyer backs out or the renegotiation goes poorly.
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5 June 2024 | 274 replies
Or should I treat this as a new listing since the Event now says Listed instead of Price Changed and just bid 88% net to Hud.Thanks in advance for your input.
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31 May 2024 | 15 replies
I have been searching for meet ups and real estate events outside of Chicago, however I have been unable to discover any.