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15 October 2024 | 40 replies
While its possible, you will still incur the transactional costs of deed prep and pay the transfer tax in most instances equal to the assessed property value.
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12 October 2024 | 7 replies
@Malcomb Stapel In many instances the deed will contain an address certification towards the end.
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9 October 2024 | 0 replies
My agent, for instance, called me just days before a storm to remind me I could still bind policies and even updated some coverage to ensure I was fully protected before the storm hit.
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11 October 2024 | 10 replies
Solo 401(k)'s in most instances are exempt from UBIT as it relates to Debt Financed Income.
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15 October 2024 | 26 replies
For instance, if three of my properties are generating significant cash flow and performing well, they can offset any issues that may arise with another property, such as a heating system failure.
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9 October 2024 | 8 replies
For instance, we have a line of credit against another profitable business that we are the sole owners of.
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10 October 2024 | 28 replies
For instance, a beachfront condo with a spectacular, beach view from the living room and balcony, priced around $600K, only generates a gross income of about $50K.
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8 October 2024 | 3 replies
For instance, if you are letting Zillow plug in your property taxes for you versus using actually values per county.
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12 October 2024 | 25 replies
For instance, I think any place that's flood or hurricane prone (coastal places, Florida, etc.) will have sky high insurance so I'd avoid.
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14 October 2024 | 420 replies
Seems if they spent more to get a better guru, giving good advice, it would pay off in spades.Did you know that if you are a gator lender lending in second position (after a sub to mortgage for instance), and you don't have a title report run, 1. you may not even be lending against the property you are thinking you're lending aginst2. the person you are giving money to may not be the owner 3. there may be other loans ahead of you on the property which makes your risk much higher4. you may be lending more than the property is worth and not now it5. if the guy stops making payments on the first and it goes into foreclosure, you lose your moneyThat's some pretty serious stuff I don't have anything to do with the "gator" program so I can't really speak to that one!