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13 August 2024 | 16 replies
My JRT (joint revocable trust) that I already have and buy umbrella policy.
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16 August 2024 | 17 replies
Additionally, national lenders like Chase and Wells Fargo have strong multi-family loan programs that cater to out-of-state investors.Scaling OwnershipGiven your available cash and equity, here are a few strategies to consider:Leverage Existing Equity: Utilize the equity in your current properties through a cash-out refinance or HELOC to increase your purchasing power.Partnering with Other Investors: Consider syndications or joint ventures, which can help you scale more quickly without using all your own capital.Diversify Markets: While the Midwest is great, keep an eye on emerging markets across the country that may offer similar benefits.Focus on Value-Add Opportunities: Look for properties where you can increase value through renovations or improved management.I specialize in selling new construction duplexes in downtown Indianapolis, and I’ve found that multi-family properties here provide strong returns.
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12 August 2024 | 37 replies
(I have only done one deal like this) its illegal to pre sign quit claim deeds. if someone chanllenged U that would not stand UP
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15 August 2024 | 86 replies
U cant use one set of numbers on all asset class's..
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13 August 2024 | 15 replies
Quote from @Chad U.: Quote from @Kody Smith: Quote from @Bob Stevens: why would you buy a prop for 2.2 mill that maybe will sell for 2.5?
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13 August 2024 | 69 replies
U take the Norada situation and the investors in those notes are livid that Norada would be doing a new project when their Notes were rolled to equity..
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9 August 2024 | 1 reply
If there is a lien holder they are usually more picky on distributing the money and will often make the check payable to you and the insurance company (jointly) who will then piecemeal the money back to you as repairs are completed.
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9 August 2024 | 4 replies
If you’re short on down payments, here are a few strategies to consider:Leverage Equity: If you own any properties with equity, consider tapping into that through a cash-out refinance or HELOC to fund your down payments.Seek Joint Ventures: Partner with other investors who can provide the down payment while you manage the property or contribute in other ways.Explore Creative Financing: Look into options like seller financing or lease options, which might require less upfront capital and can be structured to fit your needs.Consider Private/Hard Money Lenders: These lenders can offer flexible terms and quicker approval compared to traditional banks.
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8 August 2024 | 4 replies
Can it still qualify for 1031 because the rule is u have to live in it or rent it for 2 out of 5yrsSecond, if I buy a property, renovate it and sell within 3/4 months, can it qualify for 1031 because I heard u have to hold it for 1 yr.Is coop sale and exchange with purchase of single family home "like kind" of exchange?