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27 September 2024 | 8 replies
You can still get a rental property first, but you’d need at least 15% down for a conventional loan on an investment property, or 20% if you're aiming for better terms.As for the LLC, it's possible to buy a property under an LLC, but conventional loans usually don’t allow that—you’d need a commercial loan.
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26 September 2024 | 5 replies
After the September 11 attack on the world trade towers, they passed a lot of laws aimed at being able to track people, requirements on having identification to open a bank account, and reporting on tax transactions of over $10,000.
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27 September 2024 | 10 replies
This should include which areas you can access, what hours you can work, and any safety measures you’ll take.
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25 September 2024 | 0 replies
The term "Price Improvement" is a strategic choice, aiming to cast a positive light on what might otherwise be perceived as a negative development.
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25 September 2024 | 11 replies
I paid a local tow truck driver $100 to stop in front of their trailer with his truck and start measuring his trailer while they were at home watching and then knock on the door and ask if tongue and axles were under the trailer.
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24 September 2024 | 14 replies
Limited Regulatory Oversight: Fintech companies that operate without a banking license may not be subject to the same regulatory scrutiny and consumer protection measures as traditional banks.
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24 September 2024 | 1 reply
This is a common issue, but having stricter cost control measures or a contingency buffer in place could help on future projects.
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26 September 2024 | 9 replies
Comparing the pros and cons of purchasing the 2 home types is not my aim here.In Scope: The change in the sales price of new construction homes from when they were first sold after construction to when they were sold subsequently versus the change in sales price for existing homes over the same period.
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25 September 2024 | 14 replies
I may have not started investing but I want to aim big in this career (realistic or not), while also having me-time and getting to use my wealth to do things I want at some point.I'm going to start as early as I can, so I can squeeze the most of out of real estate.
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9 October 2024 | 312 replies
It is very simple.IF and IF the GP uses 30 year financing (just assume this product exist), even with variable rate every 10 year, then this problem never exist.( The very beautiful thing about 30Y fixed rate for residential guaranteed by gov. is that the equity owner is forever in good shape financially ) ...So imo CRE is not speculative, but most investor has no clue to measure and understand the impact of interest rate, cap rate and short term / long term financing and fixed/variable debt.From an academic perspective, I agree with you...CRE should not be speculative but as @Brian Burke pointed out, for conservative operators, there were NO opportunities during this time period because all of the speculative operators bid up the prices to insane levels and they relied on rubes like me to fund this speculative bubble.