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23 September 2024 | 12 replies
Keep in mind you will also have to pay transfer taxes based on the properties assessed value, even if the property is transferred from your name to an LLC for a nominal amount + incur deed prep and recording fees.
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20 September 2024 | 0 replies
Equities, stocks, bonds, real estate, gold, silver and everything else is going to increase in nominal value but not necessarily in real value.
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20 September 2024 | 51 replies
I nominate @David Faulkner and @John Thedford. . . .
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31 August 2024 | 6 replies
But, if the cost is fairly nominal, maybe under a couple grand, and you have no experience in real estate, including owning your own home and hiring contractors for that, then it is likely worth it.I would always start with a deep assessment of where you feel you don't have adequate knowledge.
2 September 2024 | 9 replies
In a healthy Association, they've taken into account that this will need to be replaced, and have planned for it, essentially charging everyone who has lived there over the last 20 years a nominal amount to be put toward the new roof when it's needed.With an unhealthy Association, they try to keep HOA dues artificially low, and when a repair is needed, they levy a Special Assessment, which puts the financial responsibility on those who live there currently.
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2 September 2024 | 34 replies
I am thinking of charging a very nominal fee say 200 bucks for the entire year .. and have weekly webinar of different subjects.. folks can tune in.. they can tune out..
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30 August 2024 | 29 replies
They may be nominal or they may not.
29 August 2024 | 70 replies
@Ted Akers yes for instance this would not work well in WA with the excise tax of 1.78% or there about on title transfers.this was a low end deal in GA so it was a normal wholesaler approach I think the guy made 10k on the deal we made a few bucks and they absorbed the one closing costs and transfer tax which was probably nominal I would have to look at the hud.I can see this working in states were double escrows are not allowed any more... or if a wholesaler wanted to put to bed the thought that they are selling re without a license.. you know the wild wild west out there in that industry were basically anything goes until it does not LOL.I am NMLS mortgage banker sitting in the bullpen.. my license is on ICE but I do the CE.. just don't want to have to take the test again incase I want to jump back into doing HML.. so for right now taking title is a clear path.. no securities issues no licensing issues.. etc etc.. and 100% control. the only way I will do this these days.. but then again my clients are well known to me for more than a decade most of them and they are high volume flippers etc... so we have a lot going on...
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28 August 2024 | 17 replies
I’d want to know if I could just transfer all property to my own name, like if I have the right in LLC to buy & sell for the LLC, can’t I just sell them to myself for a nominal fee?
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26 August 2024 | 13 replies
If the property is not redeemed by the three year anniversary of the sale to the State, the Certificate holder can surrender the original assigned Certificate the county redemption official and receive a tax deed upon payment of a nominal issuance fee.