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5 February 2025 | 17 replies
Quote from @Jacqueline Wright: Starting in private lending can be an exciting way to get involved in real estate while leveraging your capital.
13 January 2025 | 41 replies
A few months go by and unbeknownst to me the escrow account had now drawn negative which triggers the lender to no longer apply what’s considered a “partial” payment to them, given that I’m now paying less that what’s due given the escrow increase required but not relayed to me even though I expected it at some point.Last month I’m on Zillow looking at the value of my properties.
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23 January 2025 | 3 replies
Obviously there is risk involved (as with anything).
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24 January 2025 | 8 replies
If you gift a house, the fair market value (FMV) at the time of the gift applies to the lifetime gift limit—not the amount you purchased it for.
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24 January 2025 | 6 replies
It might be overpriced or might be correctly priced but is not generally desirable because of the work involved.
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29 January 2025 | 68 replies
Plus now they are trying to pass the buck with regards to the the STAR rebate we get here in NY state (if eligible and applied for).
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23 January 2025 | 1 reply
@James JeffersonHi James,To buy out the property you need to probably apply for a loan through any lender.
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4 February 2025 | 87 replies
That covers the down payment for the purchase, the rehab, and the $18,000 for reserves for the account, and $5,000 for me for each property for the time and work involved.
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20 January 2025 | 57 replies
I am reaching out for your expertise regarding a situation involving a seller from who I purchased a property subto an FHA loan in March of last year.
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22 January 2025 | 1 reply
., the 2006 or 2009 IECC — International Energy Conservation Code).Cost Considerations for a 90-unit or 112-unit Project:The actual cost of qualifying for the 45L tax credit depends on various factors, including:Energy Efficiency Compliance: The primary cost will come from ensuring that each unit meets the required energy efficiency standards, which typically involve energy modeling, certification from third-party energy raters, and potentially upgrading insulation, HVAC systems, windows, and other components of the building to meet the necessary performance levels.Energy Modeling: Typically, you'll need to pay for an energy consultant or engineer to model the building's energy performance and ensure it qualifies for the credit.