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27 June 2024 | 62 replies
If your talking large commercial multi million dollar contracts to build one building and the GC has his own personal JET then you can get into that nitty gritty at our level U try to control the best you can and hire who you trust Since you are paying your GC a straight $1 million (not including the throw in lot), that's a fee of about $11,000 per home or 1.2-1.7% of the stated home sales price.
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24 June 2024 | 5 replies
I live in a Highrise and it rained for a week straight nothing even touched me
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24 June 2024 | 21 replies
I worked 57 days straight, about 12-15 hours a day remodeling the whole house, I did 95% of the work myself.
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25 June 2024 | 11 replies
I'd definitely talk to your CPA to run scenarios, but I believe there are some exceptions to the 2 years if your move is due to an employment change or other extenuating circumstance that causes you to need to move more than 50 miles from your current place of residence.I feel like tax code is always slightly changing, so I've found running different scenarios with a CPA is the easiest way to get a straight answer.
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25 June 2024 | 17 replies
Don't use some unknown entity from another state that no one here knows.I think both of these companies will shoot you straight.
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23 June 2024 | 13 replies
Its actually a pretty straight forward process, but that experience is key.
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23 June 2024 | 20 replies
https://biggerpockets.getregistered.net/conference-2024@Alexandra Hughes Pailet I just tried to register, but I can't seem to figure out the pricing upfront, it took me straight to selecting workshops and entering details, please let me know where I Can find ticket pricingundefined
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28 June 2024 | 100 replies
- personally at SMARTLAND as experienced heavy lift multifamily operators - it is a complex process and requires a team, time and skill - Yes, you can lift a property and value moderlty quickly if you have the right tools and process in place, no doubt, but you have to also have the correct financing tools in place and appropriate cost-basis to withstand turbulence along the way - (no straight path) - the short term mezz loans into this constricted/constrained lending environment is tough, even more tough with raising cap rates, market repricing = requires more time to season and continue to hold, unfortunatley as we have discuss to the max on this forum time was not on this operators side with the short term adjustable mezz loan -**Pref Equity has entered many deals in the past 18 months advance of LP positions, also took a GP slice along the way ----
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23 June 2024 | 7 replies
It took close to 15+ years, but states are finally catching on that the majority of loans are no longer held by banks and by non-bank lenders who are selling them off to private equity and other non-bank funds including individuals and they are starting to hear about the shady stuff going around.Regarding straight sub-to and banks calling loans etc., this I think is longer term implosions as I am seeing people who absolutely should not be buying a home as they have no money buy them sub-to because of little down payment and will eventually lose the property and that is when many whose mortgages are still on the property come out and sue.
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22 June 2024 | 7 replies
If the answer to all of the above is "Yes" then yes building these properties is pretty straight forward.