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10 March 2024 | 15 replies
Next it will all come down to the numbers for the deal to really confirm 80%-90% LTC/LTV on purchase, 100% of rehab (funded in draws) not to exceed 65-75% ARV (depending on the lender, most are 70-75% ARV) Kiavi is a great lender, but it comes at no surprise as their internal credit analysis throws me for a loop sometimes (and shocks me, as very qualified borrowers sometimes still don't make it through that analysis)In short, you simply need to connect with the right lenders and each will have varying rates, costs, fees, etcBill Fay referenced the Hard Money Lenders link here on BP which is a great direct resource!
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11 March 2024 | 32 replies
Depends on what title was transferred to the buyer.General warranty deed usually warranties for full chain of title.
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10 March 2024 | 13 replies
The new reporting law is just for the IRS internally.
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9 March 2024 | 0 replies
With tons of ex teammates and international students looking for housing in our small town environment, there is a untapped avenue to succeed.
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9 March 2024 | 22 replies
Identify actual buyer who is willing/able to pay at least negotiated price, plus finder/transfer fee ($5-10k, for example); create a contract with end-buyer that identifies finder/transfer fee, agreement to complete purchase, and assigns difference (if any) of contract price and end-buyer price to self4.
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9 March 2024 | 1 reply
im down....i work with a lot of international partners as well
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11 March 2024 | 22 replies
also, not all realtor brokerages are the same, some brokerages may have more support or more transfer knowledge but your commission may be less; in other brokerages, your commission is higher but the transfer of knowledge is much less.
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11 March 2024 | 16 replies
If there are leases, the seller should have given you those as well when the property was transferred.
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9 March 2024 | 1 reply
Transferring to a LLC provides you fake protection (note I am not an attorney but have common sense).
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9 March 2024 | 7 replies
They would essentially gift the money from the lenders perspective, but from the 1031 perspective the funds will be transferred directly to escrow at closing so it may satisfy both sides.