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25 June 2024 | 1 reply
Depreciation: For investment properties, you can depreciate the property over a set period, reducing your taxable income.5. 1031 Exchanges: This allows you to defer capital gains tax by reinvesting the proceeds from a sale into a similar property.Feel free to ask any questions or share your own experiences!
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25 June 2024 | 18 replies
I am wondering is there any hard money lenders that can provide 100% financing on investment property and also provide rehab loan for short time period?.
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25 June 2024 | 1 reply
They typically involve two agreements: a lease agreement that outlines the terms of the lease (rent, responsibilities, etc.) and an option agreement that grants the tenant the right (but not the obligation) to purchase the property within a specified period at a predetermined price.Negotiation Power: Lease options can be attractive to tenants who may want to secure a property for their business while potentially benefiting from any appreciation in property value.
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25 June 2024 | 3 replies
I don't want to go through this process only to be denied 30 days into an escrow period because the lender missed something.
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25 June 2024 | 6 replies
Right now there is not enough housing period, let alone affordable housing.
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25 June 2024 | 9 replies
Otherwise you are looking at mid to high 7s at par If this is an investment property, you can achieve a rate in the high 6s on a DSCR based loan with a low LTV, high fico, high prepayment penalty period.
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27 June 2024 | 62 replies
The client has to be able to develop an unlimited amount of homes during any fiscal period which apparently requires retaining a general contractor to 'supervise' the work or act a project manager.In case something still isnt clear, client does not have some sort of challenge with materials sourcing nor do I foresee an issue with sourcing for labor hence the 'relatinships' you reference does not particularly provide any value for this particular client in this specific instance.
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24 June 2024 | 20 replies
That is why you should request to review all contracts related to the property (not just leases, but other service contracts too, like pest control, cable tv, etc. that the owner may have) during your due diligence period of escrow.
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27 June 2024 | 47 replies
(A) Any security deposit in excess of fifty dollars or one month's periodic rent, whichever is greater, shall bear interest on the excess at the rate of five per cent per annum if the tenant remains in possession of the premises for six months or more, and shall be computed and paid annually by the landlord to the tenant."