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11 November 2024 | 9 replies
Either drill well, measure neighbors or get letter from well driller. .
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11 November 2024 | 2 replies
. $700/month (about 35% below market, which is closer to $1,000-$1,200) or approximately $6300 per month.Multifamily Property is Currently vacant, but there’s a signed letter of intent from a state housing agency to lease the property on a 5-year NNN lease at $3,000/month.This property has stable cash flow now, with a strong potential for upside by adjusting the mobile home rents to market rate.
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9 November 2024 | 2 replies
There was a company in AZ that was doing this but I think they were also carrying a portion of the financing.
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14 November 2024 | 22 replies
Most realtors will request a preapproval letter before they'll consider working with you.
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12 November 2024 | 47 replies
No response other than they can't communicate with us until the credit card dispute was reversed.... days later, the property owner told me they received a letter from levelset for a preliminary notice of "Notice to Lien Agent".
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14 November 2024 | 10 replies
This strategy, however, carries more risk and requires market knowledge to avoid unexpected costs or longer holding periods.If you want steady cash flow, go with the garage conversion.
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9 November 2024 | 2 replies
You submit a letter of intent to get the property, do inspections first in New York after your offer is accepted, and after inspections are resolved, your attorney then writes the contract.
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15 November 2024 | 15 replies
This is more common that you might think.They do not take into consideration the costs borne by the investor associated with the transaction such as: closing costs, carrying costs, finance costs, exit costs, etc.They are trying to hit a homerun on every deal and not leaving enough "meat on the bone" for the next person.
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10 November 2024 | 18 replies
Good luck I did independently verify the health provider and their letter met the requirements, so I didn't do a PetScreening.
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13 November 2024 | 10 replies
While the IRS does not mandate a physical site visit, the IRS cost segregation audit technique guide (ATG) does suggest conducting “field inspections.”It’s important to note that the ATG is not an official IRS document.It serves as a guide and cannot be used, cited, or relied upon as an authoritative source.However, the recommendations in the ATG are worth considering.According to the guide: “A field inspection is recommended to document the physical details of the building, type of construction, materials used for construction, the assets contained in the building, the size and types of building systems, and any land improvements that were included in the purchase of the property and the condition of that property at the time of purchase.”So while the IRS does not require a site visit for cost segregation studies, following the guidance from the cost segregation audit technique guide can be beneficial.There's this thing called Hierarchy of Tax Authority that CPAs and Tax Attorney's reference.Let's not get too carried away with comments like, It serves as a guide and cannot be used, cited, or relied upon as an authoritative source....