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19 November 2024 | 24 replies
Based on Micro and Macro local market and economics the ARV can be subject to many changes come time to get the appraisal for exit and many investors slip when it comes to margin to make the refi make sense.
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15 November 2024 | 25 replies
I would be most interested in talking about peoples experience and perspectives on this subject
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14 November 2024 | 12 replies
However, you would have to rework your current contract to be subject to SS approval (which the buyer may or may not be into),or sell to another party, and if you are getting financing for the new house, that will likely fall apart as well.
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7 November 2024 | 21 replies
Does someone mind explaining subject to offers?
13 November 2024 | 2 replies
I’d appreciate your insights on a complex insurance setup for my recent property purchase.My Setup:• Property purchased in FL under a Trust• Trust is owned by an LLC in FL• Holding company LLC in WY owns the FL LLCSituation:I acquired the property through a subject-to (sub-to) deal, taking over the seller’s mortgage, and I’m arranging insurance coverage.My attorney suggests I:1.
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15 November 2024 | 13 replies
The contract I could find says the following:```...together with the right of ingress and egress at all times for the purpose of mining, drilling and exploring said land for oil, gas and other minerals, and removing the same therefrom.And said above described land being now under an oil and gas lease originally executed in favor of [Oil Company], Chicago and now held by [Oil Company] it is understood and agreed that this sale is made subject to said lease, but covers and includes of all the oil royalty and gas rental or royalty due and to be paid under the terms of said lease.It is agreed and understood that of the money rentals which may be paid to extend the term within which a well may be begun under the term of said lease is to be paid to the said [purchaser], and in the event that the said above described lease for any reason becomes cancelled or forfeited, then and in that event, the lease interest and all future rental on said land, for oil, gas and mineral privileges shall be owned jointly by [owner] and wife and [purchaser] each owning & interest in all oil, gas and other mineral in and upon said land, together with interest in all future rente.This sale is made for and in consideration of the sum of Ten Dollars, cash in hand paid, the receipt of which is hereby acknowledged.To have and to hold the above described property, together with all and singular the rights and appurtenances thereto in anywise belonging unto the said [owner] heirs and assigns forever, and we do hereby bind ourselves, heirs, executors and administrator to warrant and forever defend all and singular the said property unto the said [purchaser] heir and assignee against every person whomsoever lawfully claiming or to claim the same or any part thereof
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13 November 2024 | 7 replies
Since loans aren’t income, they’re not subject to capital gains tax.
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19 November 2024 | 111 replies
Whether you carry or not is subjective - there's no right or wrong.
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9 November 2024 | 3 replies
One option rather than doing that could be Subject To - in which you buy the house for $184K subject to the existing mortgage.