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15 December 2024 | 14 replies
Most hit all the bullet points excepting:Spending $175 on renovation and adding square footage or unit count does NOT miraculously convert to valuation.
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17 December 2024 | 13 replies
Financing- build a relationship with a regional banker, don’t shop for interest rates, start small and build history and loyalty they are your team, Cross collateralize, deposit CD/MM or custodial account with bank for loan, give them monthly updates, nail your deal analysis, do stress tests on your deal analysis-cost/interest rate/deal length/ sale price etc. 12.
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11 December 2024 | 15 replies
I'm assuming that the 2024 portion of the stay counts towards 2024 and the 2025 portion counts towards 2025.
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18 December 2024 | 3 replies
With all six lots in walking distance of the Eisenhower Avenue Metro, the major government employers listed above, and Caryle Crossings, as well as The Foundry (another mixed-use development), the Alexandria Planning Development Division Chief Rob Kerns, described these 6 lot developments as the "next logical step" in the cities effort to further densify the area.
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31 December 2024 | 66 replies
GC’s who have been around a long time are guys you can count on to build long term relationships with, they’re generally not the cheapest but they’ll get your projects done with the least amount of surprises/headaches.
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12 December 2024 | 10 replies
@Bao Vu From a bookkeeper's perspective, here's how this should be reflected:Tax Basis for the Flip:For tax purposes, the purchase price of the property you flipped (bought in 2023, sold in 2024) will count as part of your cost basis.
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18 December 2024 | 45 replies
I understand this is a big problem in all inner cities in America.. had it happen to us to many times to count.
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11 December 2024 | 8 replies
Our go to lender to @Jose Valdovinos with Cross Country Mortgage...I am almost certain that they can do loans in the ATL, but hose can confirm.
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11 December 2024 | 5 replies
Another we work with will take a new deal that was $500k, they may lend full amountore but they would also need to cross collateralize as well on other assets that would have to be atleast 2-3x value of the property.
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19 December 2024 | 8 replies
I am also counting on a few 55+ seniors selling their homes to escape the city (Austin, Houston, Dallas) for a more affordable community where their retirement savings will go further and where they can connect with other seniors.