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21 April 2024 | 1 reply
Economists say a resurgence in mortgage rates and inflation could be softening sales at the start of what is traditionally real estate’s busiest season.
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20 April 2024 | 12 replies
By way of example, if you as the GP's identified this unique rear yard development opportunity that others overlooked and acquired this land at a low basis and/or obtained all of the entitlements where there is imputed equity and let's say a bank will now finance the property at a higher LTC than normal transactions, that is an example of why you can justify more favorable splits.
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20 April 2024 | 7 replies
Hi everybody,I know the topic is trite and got innumerable discussions over time, but I still find little to address this specific scenario.I am about to rent out a house for the first time, 4 separate single rooms, 4 separate tenants unrelated to each other.I can totally see the convenience of letting (say) a family take over all the bills for the property, but how could that work with 4 separate tenants?
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19 April 2024 | 2 replies
Let's say we we bought the proporty for $600K, sell the property for $1M , say a morgage of $400K was pending at the time of selling, say $80K is closing cost, say we spend $50K for rennovation before selling. 1.
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19 April 2024 | 2 replies
BTW, even legit contractors OFTEN take much longer than they say. A
18 April 2024 | 3 replies
Once you've used if for investment for a while (say a year or so) you can then sell it and then do a 1031 exchange to defer all tax.
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17 April 2024 | 8 replies
The mortgage rules say (as I understand) that in order for a home to qualify as a second home, the owner needs to occupy it for more than 14 days.
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17 April 2024 | 3 replies
Is there a way to say a hard no to that without running afoul of disability laws?
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16 April 2024 | 2 replies
Would you agree that the best way to see more deals is to "napkin math" once the broker sends you a deal and then say a quick no or I need more time?
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18 April 2024 | 87 replies
Some experts say as many as 5.5 million homes short.