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3 January 2025 | 7 replies
An investor who has participated in a subject to transaction without lender approval should NOT assume that they are safe from note being accelerated because a certain amount of time has passed.
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16 January 2025 | 23 replies
You'd probably want a real estate attorney familiar with creative transactions to help with the documents.
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9 January 2025 | 9 replies
And in regards to getting educated on the the laws, I assume the best route is to link of with an attorney who has experience with these types of transactions?
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7 January 2025 | 2 replies
It's a 4 family, I just don't want that kind of transactional relationship with any tenants.
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7 January 2025 | 3 replies
The IRS views it as taxable income because it’s not being used for the purpose of deferring taxes under the 1031 rules.For example, if you sell a property and only use part of the proceeds for the next investment, the leftover amount (after paying transaction costs, etc.) is taxed.
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10 January 2025 | 8 replies
Contact the Title Company; it is their responsibility to 'settle' the transaction at closing.
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12 January 2025 | 20 replies
And you're right, it moves fast when the value-creation chain is created on both sides of the transaction.
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9 January 2025 | 9 replies
It's much easier to set things up right than to have to transition them later when you have multiple properties and many, many transactions.
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7 January 2025 | 3 replies
Additionally, not all transaction types support Locations, meaning you'll have to create journal entries to correct them—requiring a solid understanding of debits and credits, which can be time-consuming and error-prone.Instead, I recommend biting the bullet and upgrading to QuickBooks Online Plus for each entity.
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3 January 2025 | 2 replies
So happy for my investors hopefully the rest of the transaction goes smooth so we can get it all locked in and they will have one more property in their portfolio than they did a few months ago.