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21 February 2025 | 2 replies
You also have to check out your current lenders MAX CLTV rules because it may cause issues with the first DSCR lenders original note/agreement.There are some lenders that have CLTV rules or will not allow a 2nd lien if it does not confirm with their Max CLTV similar to a 'Due on sale" clause.
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26 February 2025 | 43 replies
Years.A poor agent can 100% blow apart and ruin even the simplest sale in the hottest market.
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15 February 2025 | 6 replies
I use professionals when I need to.I've had only two Due on Sale called in over 30 years.
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28 January 2025 | 9 replies
This is the max that Sec8 will pay for any property and is the information that you can find online.
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31 January 2025 | 46 replies
With the internet, there aren't really do overs -- most websites have other websites that grab (legally or illegally) information . . . it is pretty impossible to make anything disappear once you put it online.
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16 February 2025 | 27 replies
Plastiq asked me to send them the title company's contact info, and upload the final closing docs and the purchase and sale agreement with any addendums.
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5 February 2025 | 2 replies
Real estate agents tend to want to make a sale and they are not as experienced with the rental market as they are the sales market.
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17 February 2025 | 1 reply
.- Loss of Alcohol Sales: Price Chopper previously sold alcohol but stopped in recent years, potentially impacting revenue.- Triple Net Lease Costs: Rising property taxes, borne by the tenant, add financial strain.- Increased Competition: Discount retailers such as Walmart, Target, Aldi, Dollar Tree, and Family Dollar provide alternatives that attract budget-conscious shoppers.A Closer Look at Worcester’s Retail LandscapeA brief examination of supermarket properties in the area highlights financial and logistical challenges:- 29 Sunderland Road: Built in 1960, this 46,050-square-foot property sold for $4.1 million in 2022.
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4 February 2025 | 2 replies
Also, I'm not sure how you're paying attention to it on the tax side, but the unit that you are living in's profit at sale is calculated differently than the other unit that you're renting out.Once you move out, that unit is officially available for rent so from that point forward, any profit gained at future sale will be calculated starting from that point and will be taxable.
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24 January 2025 | 4 replies
It seems there’s a common misconception largely influenced by social media, online courses, and influencers who oversimplify the process that real estate is an easy, passive way to generate income with minimal effort.