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16 April 2024 | 6 replies
I'd include:Development and design.PermitsStreet and walks.Driveways and foundations (for garage and house without basement)Utilities stabs for sewer, water, gas, power, cable And any other factor I'm forgetting.Thank you.
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14 April 2024 | 3 replies
As a landlord, do I charge ACH return fee and late fee or just ACH return fee?
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16 April 2024 | 1 reply
Consider factors such as site preparation, ongoing maintenance, marketing expenses, and potential income from bookings.
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17 April 2024 | 5 replies
This is not intended to be a discussion about the options for investment, rather how to conduct real estate settlements in non fiat currency.It is (or should be) evident by now that the status of the USD as the world's reserve currency (or at least our exorbitant privilege) will continue to be marginalized in the coming years (and decades) and that investors are factoring in elevated risks of currency inflation and debasement into and onto their portfolios.
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17 April 2024 | 7 replies
So for a property around 200k 20% down, right off the bat, there is a 5k+ loan discount fee, plus all other fees, that pushes the closing close to almost 10k.
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17 April 2024 | 16 replies
This means that you will probably need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident.Be sure to tell your accountant that you may now need to file non-resident income tax returns in each state where you own property as well.
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16 April 2024 | 12 replies
I live in Spring TXfor reference my mortgage, taxes, and insurance are $1840 each month, $385 per year in HOA fees
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17 April 2024 | 5 replies
Property: HereComp: Here (Sold on 8/1/2022 same street)84 Grangerford Hts, West Henrietta, NY 14586Listed : 100kHML at 80% of ARV (240k) = 192kInterest only payments (10% interest)(192k x .10) /12 = $1,600/monthPoints = 2 (192k x .02) = $3,840Loan origination fee's = $1,000Additional monthly holding costs:- Taxes (5k/12) = $416- Insurance = $60- RGE = $120Total monthly = $596Duration of rehab = 6 monthsInterest only ($1,600 x 6) = $9,600Points = $3,840Origination = $1,000Holding costs ($596 x 6) = $3,576Total Holding costs = $18,016Loan amount of 192k:Subtract:- Purchase price = 100k- Closing costs (4%) = $4,000- Rehab = $50,000Totaling = $154,000Remaining balance on loan= $38,000Sale at $240,000:(-) (Realtor fee's (6%), closing costs (4%)) = $24,000(+) $38,000 Remaining from HML(-) Holding costs ($192,000 + $18,016) = $210,016Profit ($240,000 + $24,000 + $38,000 - $210,016) = $43,984 - (capital gains at 22% completely estimated) = $34,308Buy and hold:Appraised at $240,000.
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15 April 2024 | 5 replies
Hey everyone, been doing a lot of research and educating myself on best practices to running an STR successfully. Primarily interested in long distance markets due to prices in my area (San Diego/California).At a stag...