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11 February 2025 | 4 replies
But the real test of this company's character came with the most recent loan I tried to close with them.First, I thought the loan rate was locked, and it was not.
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19 February 2025 | 15 replies
We also buy the rentals we lock up and offload some too so I'd suggest doing your marketing in the market where you want to build your portfolio.
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19 February 2025 | 15 replies
You typically want an LLC where the property is because it's a state specific device so you want it to apply to the asset you're trying to protect.
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18 February 2025 | 9 replies
Whereas with VRBO I've had several tech issues that were unfixable, such as photos that never load no matter how much I manipulate them, and a catch 22 with the dynamic pricing that never worked that locked me out of my calendar.
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19 February 2025 | 0 replies
.✅ Building a brand-new pool to increase rental desirability.Recognizing the strength of the deal, we structured 85% financing of the purchase and rehab costs, ensuring the investor had the capital needed to execute the full renovation.The Results:🔹 Massive Equity Gain: With an after-repair value of $2.2M, the investor locked in significant built-in equity.🔹 Tax-Free Cash Flow: Upon completion, we refinanced the property with a $1,650,000 loan, allowing him to pull equity out of the deal tax-free while keeping the property.🔹 High-Performing Short-Term Rental: The property now generates $250,000 per year as a luxury short-term rental, creating a strong passive income stream.This is a perfect example of how strategic renovations and smart financing can turn a distressed property into a cash-flowing asset.
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28 January 2025 | 9 replies
Sometimes it's device dependent (either browser or phone problems).
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29 January 2025 | 21 replies
.• That the deed is a device to clog a mortgagor's right of redemption.• Unfairness of the consideration.• Coercion, fraud, oppression, duress, and undue influence.• That the deed is not subsequent to the execution of the mortgage but contemporaneous with it.• That the grantor/mortgagor was insolvent at the time of the execution of the deed.An estoppel affidavit (executed and acknowledged by the grantor/mortgagor, attesting to the fairness of the transaction, the consideration exchanged, the value of the property, and other factors showing an intention to make a genuine transfer) or a recital (inserted directly in the deed) are supporting documents used to forestall challenges to these transactions.State law and local title standards must be consulted in regard to the consideration and treatment of deeds in lieu of foreclosure.What a GREAT post!
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3 February 2025 | 14 replies
Then change the locks and move on.
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17 February 2025 | 4 replies
Both have leases locked in until 2028.
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9 February 2025 | 47 replies
Also if you get signed up for Pro it locks you in at that price and you are not subject to further price increases.