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19 August 2024 | 20 replies
I'd ask for an extension to allow you to inspect the other unit.
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21 August 2024 | 94 replies
I went ahead and saved you the trouble though and did it myself and she has extensive public record for real estate and business economic activities.
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17 August 2024 | 2 replies
Since you're in Atlanta, you’ll need to file both federal and Georgia state corporate taxes.Deadlines:Federal: Typically due by April 15 (if your fiscal year ends in December).Georgia State: Usually aligns with the federal deadline.Penalties:Federal: Late filing can result in a 5% penalty per month on unpaid taxes, up to 25%.State: Georgia also charges penalties and interest for late filings and payments.Filing Options:Federal: You can file using the IRS e-file system or tax software like TurboTax Business.Georgia State: You can file online at the Georgia Department of Revenue’s website.If you’re pressed for time, file for an extension to avoid penalties!
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17 August 2024 | 13 replies
this is a toughie. hard money specifically is equity-driven, meaning they'll likely want 40%+ down to even entertain the deal. additionally, land without improvements is often very inexpensive (relative to land with improvements), usually pushing below a threshold which makes sense for a hard money lender. if you're not intending to build right away, then i think you'll have the best luck with private money instead of hard money. usually higher leverages than hard money, and more negotiable terms.if you are intending to build on it pretty right away, a ground-up construction loan could work, but those will typically require some ground-up construction experience (on title on other ground-up deals), or an extensive portfolio of heavy rehabs/ rentals/ strong liquidity. those will give you acquisition monies (to buy the land) and build monies (to build the improvements).
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18 August 2024 | 5 replies
If there is rot and its a more extensive of a job than merely replacing the window that will drive cost as well so you should seek a line item budget from the installers.
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17 August 2024 | 10 replies
Once you have a shortlist, sign up for an account with each one and test them extensively to see how they function.
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17 August 2024 | 9 replies
Once you have a shortlist, sign up for an account with each one and test them extensively to see how they function.
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16 August 2024 | 2 replies
I've done extensive research on the topic and have the resources to execute, I am looking for advice from someone who has done this before and can assist with the correct steps.
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15 August 2024 | 0 replies
Greetings, I am a Real Estate Broker based in Washington State, with extensive experience in residential real estate and recent involvement in commercial properties.
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16 August 2024 | 2 replies
An unsophisticated borrower can focus on their mortgage payment vs. rental rates instead of what the property is worth.In the example above, the $85K sale price could be justified if the seller did an extensive rehab, but they wouldn't be trying to sell the note for $40K if that was the case.