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28 August 2024 | 11 replies
Having lenders or partners upfront places you in a better and more confident negotiating position and in the event you find a deal and can't find the money, now you lost the deal and have to back out damaging your reputation as a closer.
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27 August 2024 | 6 replies
Hi Sharon,There are several options for borrowers with poor credit to still get financing, the lenders will just be looking closer at some other factors such as the borrower's experience and their liquidity.
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27 August 2024 | 4 replies
Which is one reason why I wanted to be a little closer.
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27 August 2024 | 6 replies
I personally wouldn't go above the historical rate of inflation (closer to 3%), and always underwrite my deals as 2%.
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27 August 2024 | 0 replies
This option is typically better when the relinquished property is closer to the end of its tax life.
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28 August 2024 | 10 replies
If you are open to any location and have that much cash, I'd look somewhere a bit closer like SLC metro, Reno, Vegas, Arizona, or other growing markets in the western half of the US over Columbus.
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27 August 2024 | 10 replies
Definitely reach out when you get closer, I do a lot of new construction dealsInitial Assessment Based on Land Only: In the first year, property taxes may be based primarily on the value of the land, as the construction may not have been fully completed or assessed by the time property taxes were calculated.
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26 August 2024 | 20 replies
We got $11,000 in credit from the seller that paid closing costs & bought them a lower interest rate closer to 6% vs. the 7% that was originally offered.
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1 September 2024 | 79 replies
Maybe I should read a little closer, but if you aren't physically doing the work, why wouldn't you just let their construction company do the work if they are still going to split 50/50, (unless of course they charge too much, compare their price to your GC's estimate).
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27 August 2024 | 22 replies
We used to do around 10 deals per year in Lewis County not sure if we will hit that number this year, most of our stuff is further north closer to Tacoma but I don't mind that area at all, its where I started way back when.