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14 February 2024 | 4 replies
So you would have to bring in additional money and lending to purchase your new property.As long as the "benefits and burdens" of ownership have transferred to your buyer that would constitute a sale.
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13 February 2024 | 1 reply
I need to know what to do to set us up for success and get launched once we close in 30 days.Also wondering how best to maintain the past guests who have stayed at the cabin (there are tons of nearly 5 star reviews, that I doubt I can transfer to us- or can we?)
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13 February 2024 | 5 replies
This option includes the flexibility to transfer the property into an LLC, promising a favorable adjusted net annual cash flow from rent.
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14 February 2024 | 0 replies
Once the payment has been made and the sale transfer completed, there is no going back.
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13 February 2024 | 0 replies
In this post, I share with you the pre-construction investment benefits in the Dominican republic in the tourism sectors like Punta Cana, Puerto Plata, Sosua, and others.Among the benefits of acquiring properties on plans are the following:1- Capital Gains: the increase in the value of a property over time, due to different factors, such as accessibility, location, within the urban environment, services and infrastructure, and urban and architectural value.2- CONFOTUR tax benefits: law 158-01, which establishes tax benefits for real estate investors in the country's tourism sectors, which grants the benefit of tax exemption for 15 years.a)- Real estate transfer tax 3%.b)- Real estate asset tax (IPI) 1%.3- Financing available with an interest rate of 0%:Which works depending on the policies of each project, it normally works as follows.a)- the unit must be reserved from $2000 onwards.b)- They are given an approximate period of 21 days - 30 days to complete the downpayment 20%.c)- it is financed in monthly installments without interest until 50% of the value of the property is reached at the time of delivery 12-24 monthly paymentsd)- the remaining 50% can be financed with a bank or you can pay it cash.4- Resort administration: which guarantees monthly profitability and a return on investment which we could talk about by a zoom meeting..Thank you
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11 February 2024 | 7 replies
I have a question about a property transfer and taxes.
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13 February 2024 | 6 replies
Some will go down to 0.75x and even no minimumTypically, you will be able to transfer the appraisal to the new lender too so wouldn't have to reduplicate all of the costs at this point in your process
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12 February 2024 | 3 replies
CA is pretty much the reverse with their resetting of the asset to the sale price upon transfer.
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12 February 2024 | 12 replies
However, when I had to keep a security deposit recently, I transferred it to the main rental checking account and it only logs as an account transfer and I don't see how I can make it now show up as rental income.
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12 February 2024 | 1 reply
I heard about balance transfers from business credit cards to get cash to buy real estate.