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7 November 2024 | 30 replies
Furthermore once the 1031 intermediary get their cut and you also pay two sets of closing costs ( buyers now have to pay closing costs in some states ) as opposed to just one closing cost ( if not doing the 1031) it might be a “half a dozen vs 6 of the other “ scenario .Also one of the turn offs to the 1031 exchange is the interest rate will be much higher with todays rates especially since we would have to get an investment property loan which are higher than “ primary residence “ loans ..Will probably lower the rent asap ( have one more showing ) and then put it on the market .Thanks for the great advice Christian
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1 November 2024 | 9 replies
I'd be interested in talking about being on your note buyer's list.
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1 November 2024 | 5 replies
I ALWAYS recommend a buyer attend the inspection and walk around with the inspector.
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25 October 2024 | 0 replies
Yes, I can fund their EMD, but I also offer to help them find buyers.
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31 October 2024 | 23 replies
You can include a steep penalty per day that you charge if they fail to move out by the agreed-upon date or hold more money in escrow if you don’t trust them to move out.
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1 November 2024 | 4 replies
I feel like it’ll help clients feel more in control of the process, especially when they have busy schedules.Right now, I’m actively looking for ways to connect with new buyers and sellers without going overboard on spending.
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2 November 2024 | 3 replies
Say we buy a property for $1 million, but we structure it so it's 0% down but a bank/note buyer is in place at closing to buy the note from the seller at 80% value so they walk away with 800k in cash.
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6 November 2024 | 54 replies
Zillow's recommendations, just like the Zestimate, aren't perfect, but they can be a good starting point for consumers, particularly in markets like ours where buyers are typically not local or otherwise are relocating to the area.
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6 November 2024 | 22 replies
Worst case, it gets outlawed in a town AFTER you’ve bought a place there & now you have to sell at a HUGE loss bc there’s no buyer demand once STR use is banned!
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1 November 2024 | 4 replies
It appraises for $250k so the investor (after all you can’t sell to an owner occupant, the buyer who would pay more than the investor.) has to bring 20-25% of the $250k plus all of the $50k extra.