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29 May 2024 | 0 replies
We bought the property on 3/8/2024 for $315,000, expecting an ARV of $315,000 after addressing a foundation issue and completing renovations.During the inspection period, we received a quote of $16,284.72 for foundation repair and $23,800 for subsequent renovations.
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28 May 2024 | 0 replies
These buyers benefitted from lower monthly payments and avoided the intense competition seen in subsequent years.As inflation picked up, partly due to increased government spending and monetary policies, interest rates began to rise sharply, reaching around 7.5% to 8% today.
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29 May 2024 | 8 replies
Actually beat that on subsequent homes for us and saved a ton in the process . . not to mention no wall repairs.
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28 May 2024 | 26 replies
If your existing rates are 3.25% and 4.25%, you are 100% going to take a hit on rates and subsequently, cash flow.
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25 May 2024 | 7 replies
They may indeed raise the price on subsequent cars but not on the car you’re about to purchase.
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27 May 2024 | 23 replies
At closing the deal will be funded, the mortgage will be subsequently recorded in 1st position, and you'e off and running.
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25 May 2024 | 17 replies
You didn’t mention they weren’t so I’m assuming they are taking care of the property but this is something I’d probably let slide, your time to take a stand was 5 years ago.
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26 May 2024 | 102 replies
As this becomes more and more prevalent in the coming months/year, I think there will be a lot of sponsors that have footnotes on their track record, stating "representative sample" or they will change track record to case studies, and only list their good deals, while sliding some "average" deals that still netted an okay positive return.From the LPs side, of course you should be asking questions about losses, is your track record reflective of EVERY deal you have syndicated or raised money for.
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23 May 2024 | 2 replies
When you subsequently transfer the title to an LLC within the same year, it will typically trigger another reassessment.This means you are likely to face two property tax reassessments: one when you close under your name and another when you transfer the title to the LLC, even if both transactions occur within 30 days.