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5 October 2024 | 1 reply
However, if you prefer to make a single payment due to cash flow considerations, that can also work well, especially if you can make it substantial.
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5 October 2024 | 0 replies
Here’s what a 'co-ownership consultation' would look like:- We review an active listing of your choice to:- Build a cost-of-co-ownership model for the property which includes:- Individual ownership and ongoing cost assumptions- Modeling potential rental income for short-term rentals- Modeling financial outcomes from various exit scenarios- Tax benefits and considerations of shared homeownership- Pros/cons of different ownership structures (joint tenancy, LLC, tenants in common, etc)- Talk through the legal agreements (I am not a lawyer and this is not legal advice but I do have extensive knowledge about TIC and other co-ownership agreements)- Briefly discuss some of the ways AI is making the work that goes into successfully managing a shared home easierIf you're interested, here's what I'm asking:- You’re a U.S. citizen or permanent resident interested in co-owning in the U.S.- You choose a property that’s actively listed and something you'd realistically be interested in co-owningShoot me a message if you're interested and open to 30ish minute chat.Thanks!
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8 October 2024 | 22 replies
After careful consideration from our financial department, we have decided to return your holding deposit and not proceed with the lease.
7 October 2024 | 10 replies
If you'd like to get rid of these onerous rules to meet you can refinance out of your current FHA loan first yes.The other consideration is that if you move out of your primary to purchase a new FHA property you may also be subject to the 25% Equity requirement on the property you're vacating or leaving + the 100 mile rule that FHA has in place to stop rapid acquisitions.
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5 October 2024 | 1 reply
Please use comedic insults only and I will take into consideration what you have to say.
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8 October 2024 | 36 replies
And yes, the chain of title on the real property would show your own name and then a deed transferring into the LLC for no consideration and no documentary transfer tax, likely making it even easier to find your name via public records search.
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4 October 2024 | 5 replies
Occasionally there are some that don't ask 1000 questions and are pretty self sufficient, just trying to maximize their time and network, so those may get some consideration.
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6 October 2024 | 33 replies
Hey Darnell, I help folks finance deals in Detroit frequently and I'm actually from the Sterling Heights area myself.
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6 October 2024 | 36 replies
No consideration to what this building or the neighborhood would look like in 10 years.4.)
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6 October 2024 | 5 replies
If market conditions change or unexpected expenses come, you might find yourself over-leveraged.Cash Flow Considerations With both a hardmoney loan and a HELOC, your monthly obligations will increase.