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6 December 2024 | 2 replies
Title is showing an existing lien from 2014 and requesting a lien release before we can close.
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8 December 2024 | 8 replies
Also, I agree with organic growth, we get some inbound leads and referrals and have a high conversation rate closing them, and they've been great clients so far.
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7 December 2024 | 1 reply
In working on construction loan financing, the lender informed me I'll need to unencumber that portion of the property (makes sense) before closing on the construction loan.I understand there to be two methods generally speaking: refinancing my mortgage and removing that portion of the property in the process OR attaining a partial release from the lender to remove that land.I *strongly* want to avoid refinancing as I have an amazing rate, but partial releases seem complex and also require a survey.
7 December 2024 | 1 reply
You can find some decent deals in Lawrence I just helped a customer close on a SFH last week.
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9 December 2024 | 2 replies
Facts- Property Sale/Closing date: October 21, 2024- Property Location: sold in Miami Dade County, FL- 1031 potential replacement property identification deadline: 45 day identification deadline of December 5, 2024.- Seller's residence county: Orange County, FLIRS Notice for reference: FL-2024-10 - Hurricane Milton IRS extensionhttps://www.irs.gov/newsroom/irs-announces-tax-relief-for-victims-of-milton-various-deadlines-postponed-to-may-1-2025-in-all-of-floridaMy Assumptions:A.
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6 December 2024 | 7 replies
I am realtor and my husband is a contractor- we want to get a heloc on the condo so we can begin out first flip together and be able to use the funds when we need and then put it right back after closing.
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6 December 2024 | 6 replies
Add some escalator, such as 3%, for example, to account for potentially higher costs after closing.
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9 December 2024 | 5 replies
I personally still quit claim to my LLC after closing.
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10 December 2024 | 39 replies
It''s like selling a bakery and the building, you have to value both.Arguably, the buyer pool is small, but maybe there is another operator close by, who would like to expand and leverage synergies.
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11 December 2024 | 14 replies
This amounts to lost opportunity because if you had purchased RE, at the closing it can start producing return. 5) ADUs detract from the existing structure whether this is privacy, a garage, or just yard space. 6) this is related to number 1, but there are many more buyers looking to purchase homes for their family than there are RE investors looking to purchase small unit count properties.