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22 October 2024 | 4 replies
In North Carolina, the transfer tax is $1 per $500 of sale price; however, in a few counties an additional amount (up to $5/$500) can be added.
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22 October 2024 | 11 replies
It's easier to break these up into two sectors to help simplify the breakdown process.
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23 October 2024 | 3 replies
We bought 1.5 acre of 15 acre land which was in agriculture tax exemption in middle of this year. how can we continue to get the same agriculture exemption for this and next year. we had calculated the maximum tax as $100 for the entire year during the closing due to agriculture tax exemption and have prorated accordingly for our 1.5 acre.
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23 October 2024 | 7 replies
In short, mix-use development requires a close eye on underwriting.
22 October 2024 | 8 replies
I just closed on a Fourplex 4 unit in Indiana for a guy in CA who paid $355K.
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23 October 2024 | 14 replies
Looks like you are going to profit $150K after commission and closing costs.Sounds like a good deal.If you think the multi-family duplexes are going to bring the price down.
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26 October 2024 | 11 replies
Tenants, "go into Holiday-mode" and start spending disposable income (and racking up their credit cards) on Thanksgiving feasts & trips, Xmas presents & trips, and finally NYE plans.3) Income Tax Refund checks start being received towards the end of February and corresponding, the rental market starts picking up again as tenants payoff their “Holiday Hangovers".4) Spring Fever starts, sometime in April-May, causing both sales & rental markets to start picking up.
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27 October 2024 | 3 replies
You can pick up some scraps, but it will be tough and intermittent.
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23 October 2024 | 8 replies
is your lending lined up?
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21 October 2024 | 9 replies
They get paid only if the deal closes, so their interests are not the same as yours.