15 October 2024 | 69 replies
I learned almost all of my techniques for DD studying those memos.
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11 October 2024 | 7 replies
Title search is a little complicated, but once you know the process, it is not that hard.
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9 October 2024 | 5 replies
Yes @Michael Smythe I was planning on but I also have a small room in NYC (where I work) so the days I don’t want to drive I would stay here and go back to PA weekends but I spoke to a lender and said I would not qualify for that since it’s a bit far from my job and they might think I’m doing mortgage fraud it’s just complicated so she recommends just doing a conventional loan with 15-20% down payment and use it as an investment property Which at that point I’m not sure if it’s worth it.
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10 October 2024 | 9 replies
Since you already have the cash, you can avoid that added cost.Lower Risk: By purchasing outright, you're minimizing your risk and giving yourself time to learn the process without the pressure of loan payments and short-term financing deadlines.Better Refinancing Terms: After you purchase and stabilize the property, you can refinance it with a traditional lender at a lower rate and pull cash out for your next investment.This approach keeps things simple and allows you to focus on learning without the complications of high-interest debt.Let me know if you need more advice!
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7 October 2024 | 8 replies
Here's a https://www.irs.gov/businesses/cost-segregation-audit-technique-guide-chapter-4-principal-elements-of-a-quality-cost-segregation-study-and-report to the IRS website noting specific items that are included in the cost segregation study report.
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7 October 2024 | 1 reply
I understanding is the TN has some crazy rules and regulations that complicate this process.
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8 October 2024 | 11 replies
Also, you do not control it inside a syndication, it's decided by your syndicator.And there're several other complications we're not discussing here.
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8 October 2024 | 10 replies
In most cases, neither is warranted.Warning: I am not an attorney, and this can be a complicated topic.
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8 October 2024 | 10 replies
In most cases, neither is warranted.Warning: I am not an attorney, and this can be a complicated topic.
6 October 2024 | 1 reply
We're submitting as a single family since it is single meter and understand the current zoning but are curious how this may complicate the process as we go to close.