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1 February 2025 | 22 replies
The ribs or side panels on the building ends are one foot.
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17 January 2025 | 23 replies
Thriving financially is one aspect; the human side keeps people engaged and loyal.Do expectations vary by property type or asset class?
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23 January 2025 | 7 replies
Maybe your specialty is finding deals and you have another wholesaler that focuses on the dispo side, getting the deal closed.
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25 January 2025 | 12 replies
@Jonathan Blanco, I'm and investor and a licensed mortgage broker so I've been on both sides of this conversation.I would look for a lender that (1) listens to you and understands your strategy and needs (hint: it's not always money), (2) has experience working with clients executing your strategy and brings more to the table than just cash - be it advice, relationships, deal-team partners, etc., (3) gives you viable options and explains the pros and cons of each option and (4) you enjoy interacting with - this should be a relationship, not a transaction.Once you find a few lenders like this (and you should have relationships with more than one), then you can start comparing rates and fees.
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7 February 2025 | 11 replies
On the flip side, traditional financing typically offers better rates and longer terms but can take longer to close, and you’ll likely need stronger financials.If you’re trying to balance speed with cost-efficiency, it’s worth considering your project’s needs and how quickly you need to get funding.
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20 January 2025 | 22 replies
For what you are trying to achieve you'll want to stick to the suburbs and a few choice neighborhoods on the West Side of the city.
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6 February 2025 | 6 replies
I guess had there been time I could have done it to assure it would be a deductible on SchE rather than a closing (basis) side of the house.Thx!
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11 January 2025 | 10 replies
It's not quite as easy as renting out two sides of a duplex, but with the right marketing and management you could rent out the extra unit to supplement the mortgage payment.
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4 February 2025 | 17 replies
Regardless of legal nuances, I can tell you from extensive professional experience: Don will WIN an IRS audit for his Subject-to interest, as long as he can show that he made the payments..I agree and my experience is, that the person who can show he made the payments gets the tax write offs.I think there are two questions: 1. who pays the payments and gets the write offs (the audit side)2. who is in deep doodoo if payment doesn't get done or if the seller disputes other "facts" in the transaction.
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3 February 2025 | 79 replies
I don't have a dog in this fight, but I'll side with others on this debate.