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8 January 2025 | 8 replies
ZERO properties so far) is that with seller financing you can write up the contract pretty much any way you like.
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9 January 2025 | 32 replies
On a 2M property you should be able to write off roughly 300-400k, so that would cut your real estate income down for years, but not your W2, because I don't think you would be able to claim RE professional status. 750 hrs and min 50% of your time.
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11 January 2025 | 31 replies
And most were just cure it and buy sub to.. if you have no real equity you have no exit without writing a check.
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6 January 2025 | 6 replies
Put it in writing and have both of you sign it.
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1 February 2025 | 30 replies
For me, it's more about maximizing appreciation (and tax write offs).
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14 January 2025 | 18 replies
Tax free money is huge.I may have 100k of instant equity so I don't care about about tax write offs.
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3 January 2025 | 26 replies
Buyer's agency agreements were already required here before, our regulatory agency just went from strongly recommending them be signed right away but not really requiring them until writing a contract to 100% requiring them to be signed prior to showings.
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24 January 2025 | 36 replies
However, very regularly I would write to them with a question and get a response back saying "I'm sorry, XYZ no longer works at Avantstay, I will be your new contact".
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16 January 2025 | 23 replies
If there is an existing lender not agreeing in writing to accept payments from the LPO buyer, then you are in violation of the statute -- and it is a very toothy statute -- vs the seller/landlord side only thoughWe are getting ready to get one in place because the seller is demanding it and my client is the protected buyer.Yes -- you must vet your sub to buyers -- some should not be anywhere near a wrap transaction.Stay safe out thereAlan
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8 January 2025 | 9 replies
you can always call or email the tenant in regards to this matter. i personally smoke as well and just would want my tenants happy and not feeling accused as its a big problem with a lot of tenant v landlord situations around the country. you can always say you got a report of the odor of weed and was just verifying the smell with both tenants on the property. you can restate your conditions with smoking. you can always ask if they are legally able to do so as well (meaning medical card). depending on how you want to handle it, if you want to make it a legal warning to the tenant as well, you should write a written letter sent by mail stating you got a report of weed and this is a written warning in case this a problem down the road, you have evidence to show the court if it gets to that matter that this is not your first occurrence. best of luck!