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6 December 2024 | 6 replies
Otherwise, if you're assuming third party management, then maintenance is either baked into their fee or charged hourly like a vendor.
9 December 2024 | 2 replies
Ideally you have the company and the tenants on the lease since one party is paying rent and the other party is in the home.
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3 December 2024 | 6 replies
It would be worth paying a third party to go and check the work for you to confirm it's completed before sending the funds.
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15 December 2024 | 7 replies
In either case, the wholesaler usually doesn't need to provide their own funds to complete the deal unless they are doing a double closing and need private financing for that purpose.The title company plays a key role in ensuring that the funds are processed correctly and that the transaction is legally and financially finalized, including disbursing funds to the seller and paying any fees owed to the wholesaler, private lender, or other parties involved.Contract with Seller: The wholesaler secures a property under contract, usually with a small earnest money deposit.Find Buyer: The wholesaler finds a buyer (investor) and assigns the contract, earning an assignment fee (difference in price).Closing: The buyer wires funds, the wholesaler receives the assignment fee, and the title company handles the transaction.Costs:Earnest Money: Small deposit.Marketing: Costs to find deals.Funding (if needed): For double closings.Profit: The wholesaler earns the assignment fee.prioritize transparency and value.
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9 December 2024 | 1 reply
If cybercrime industry was a country in 2021, it would have been the world's third-largest economy after the U.S and China, totaling a 6 trillion USD in inflicted damages.
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13 December 2024 | 20 replies
I think that part is self explanatory.
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10 December 2024 | 53 replies
I have two STRs in Pocono Pines and an offer out on a third.
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3 December 2024 | 9 replies
This assumes there are no third parties who took an interest between the original deed and the new deed (think mortgage lender).
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5 December 2024 | 4 replies
When you convert an asset to Roth you have to get a third party valuation and often they come in at a major discount..25-60% so your taxable amount is way lower than the actual conversion. 4.
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16 December 2024 | 8 replies
The more challenging part is learning to manage investments well, as my book makes real clear.