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26 October 2024 | 25 replies
NO title insurance NO going through escrow or a lawyer all my deals myself and staff we did the closings and prepped all the necessary docs to transfer title.
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23 October 2024 | 22 replies
He posted a question, similar to yours, He said he had 180k in liquid cash and he was looking to buy some 8 unit property where his entire 180k in capital plus more for all the closing costs and interest reserve and transfer taxes and the whole nine it would be near 200k.
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28 October 2024 | 14 replies
There are differences in buying (BC has a transfer tax, AB doesn't) and AB doesn't have the restrictions on rentals like some parts of BC-with the vacancy tax.
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24 October 2024 | 3 replies
In this case, you’d likely want to work with a real estate attorney to make sure everything’s clean and the title is transferred properly.Good luck!
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22 October 2024 | 0 replies
The challenge here was ensuring everything was aligned for a same-day close, but with proper coordination, we executed it flawlessly, reinforcing our ability to manage fast-paced deals effectively.
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28 October 2024 | 34 replies
If you do a 1031 exchange, you can defer depreciation recapture, but it doesn’t erase it; it just transfers to the new property.
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24 October 2024 | 5 replies
As far as closing costs go, see below:-Title fees-Title insurance-Hazard Insurance-Lender's closing fee, underwriting fee, or any other flat fee they charge-Origination fee-Attorney fee (if the property is in an attorney state)-Doc fee for closing docs-Prepaid interest through the end of the month you are closing-Recording and transfer fees on titleThat will cover most of your normal closing fees.
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23 October 2024 | 0 replies
Trying to figure out the optimal strategy that will provide liability protection, proper estate transfer at death, and other strategies that can benefit their tax situation.I have my ideas, but want to consult with someone who has estate and tax planning experience in CA.
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25 October 2024 | 12 replies
.($1,000,000 - $25,000 = $975,000)As a seller you probably have a listing agent to pay too on top of your transfer taxes, closing costs, etc, so the net is less than that obviously, but we are just focusing on the buyer agent compensation piece of it right now for easy numbers!
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28 October 2024 | 46 replies
Sorry, I do not have any direct experience with coordinating weddings, but we have been toying with it for us.