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26 April 2024 | 18 replies
As a buyer and you use a hard money loan to purchase and rehab a home the lender should issue a 1098 just as any other mortgage lender holding claim to the title correct?
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25 April 2024 | 2 replies
I was also informed that she has equitable title towards the selling of the house.
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24 April 2024 | 0 replies
Prior, I contacted the title company (chosen by PSO) in the property listing and they were willing to send me the same documents Auction.com will be sending me concerning wiring the deposit.
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23 April 2024 | 2 replies
@Shiloh LundahlTheoretically assuming properties were identical in every sense yes because I don’t need cash flow and would rather have the extra $100k in equity.Now $600/mo could get you another $100k mortgage to get you another property that could potentially also cash flow but for me personally I am in equity play mode now income mode - just my personal choice but nothing wrong with the other scenario
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24 April 2024 | 15 replies
The Disney market is mature with a lot of developments of identical houses.
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24 April 2024 | 11 replies
And if in the future you were going to move and do the same thing you could possibly do a reverse exchange and have the 1031 intermediary take title to the house, sell your town home, and build and 1031 into the ADU before you take title and move into the main house.
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24 April 2024 | 6 replies
Nothing in Tampa, although I did consider investing there in recent years.One pain point is going to be doing a remote closing if you want to do that.For Florida you will need wet signed papers for part of the transaction (title transfer), so you'll need to get a US notarization from the embassy, and then physically mail stuff to the US (overnight air mail).
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24 April 2024 | 6 replies
Because my transaction is fairly simple, could I just do the papers myself and simply have the title/escrow companies transfer the funds from one office to another?
29 April 2024 | 248 replies
From the outside, these 2 VERY different Syndications can look all but identical.
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24 April 2024 | 11 replies
What funds are escrowed and what goes to title?