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19 November 2024 | 24 replies
Thats how they know your properties condition has “improved”.
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18 November 2024 | 12 replies
Property Age and Condition: Older properties may require a more significant reserve due to higher maintenance needs, while newer ones may allow you to taper off sooner.Understand your portfolio: I look at my portfolio as a whole and calculate a number I am comfortable with.
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15 November 2024 | 1 reply
To ensure accuracy, verify comps manually by reviewing recent sales in the area, property condition, and similar features.
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17 November 2024 | 13 replies
For example, if their lender drags things out and ends up offering mortgage conditions that are wildly different than what we have discussed then I would be forced to accept those conditions or lose $50k.I have also asked if they could lower their earnest money deposit demand to something more reasonable, which they have refused.
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23 November 2024 | 38 replies
The reason we do that is because people are on love with their spreadsheet, but need a reality check to see, feel and smell what a lower prices property looks like - in particular the condition.
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15 November 2024 | 1 reply
Message from RentRedi:"ACTION REQUIRED:You must agree to the new terms and conditions to continue processing rent by October 7th.I have read and accept the Stripe Connected Account AgreementConfirmRentRedi is updating our payment processor to Stripe.
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14 November 2024 | 3 replies
Get the inspection report and check comparable properties quickly for condition and then go to the seller with your proposed reductions and be able to point out condition-comparable properties in keeping with your proposed price reduction.
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15 November 2024 | 25 replies
It's feasible for you to use an existing platform, most likely ethereum, and build your own variant of coin with specific conditions for smart contracts.
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18 November 2024 | 16 replies
@Philip Jones we've helped our clients do over a hundred.As some of the lenders posting have pointed out, the challenges are:1) Property value and corresponding loan size2) Appraisals have much better comparables than 5 years ago, but may still be an issue.3) Property condition can be an issue via the appraisal4) Ownership seasoning - most lenders looking for 6+ months or incredible documentation for cost of improvements made.5) Most DSR lenders require professional property management.Always try a small local bank or credit union, but most will expect you to transfer your business bank accounts over to them.
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13 November 2024 | 10 replies
While the IRS does not mandate a physical site visit, the IRS cost segregation audit technique guide (ATG) does suggest conducting “field inspections.”It’s important to note that the ATG is not an official IRS document.It serves as a guide and cannot be used, cited, or relied upon as an authoritative source.However, the recommendations in the ATG are worth considering.According to the guide: “A field inspection is recommended to document the physical details of the building, type of construction, materials used for construction, the assets contained in the building, the size and types of building systems, and any land improvements that were included in the purchase of the property and the condition of that property at the time of purchase.”So while the IRS does not require a site visit for cost segregation studies, following the guidance from the cost segregation audit technique guide can be beneficial.