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5 May 2024 | 6 replies
This is particularly for someone looking to grow a real estate business not just general posts.
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5 May 2024 | 17 replies
Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.
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5 May 2024 | 10 replies
Quote from @Gian Pazzia: For properties that small, you should budget $450 per property and use cost segregation software like the one below from a trusted brand that has been in business almost 25 years.
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5 May 2024 | 6 replies
Quote from @Gian Pazzia: For properties that small, you should budget $450 per property and use cost segregation software like the one below from a trusted brand that has been in business almost 25 years.
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5 May 2024 | 64 replies
With any business, especially investments, there are a ton of sharks out there just looking for a gullible mark to target in on.
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7 May 2024 | 56 replies
I can't speak for other firms or using software for cost seg, but I'd assume that their fees just like ours are fully deductible as a business expense for professional services.
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5 May 2024 | 7 replies
But it’s been a great business for us with minimal risk, a good return, and no need to please investors or manage employees!!!
6 May 2024 | 62 replies
What happened with your pool cleaning business?
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4 May 2024 | 0 replies
Understand that you are no longer in traditional real estate/landlord business that you are in hospitality business weather you like it or noe even if someone else is managing the property.
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7 May 2024 | 34 replies
I would equate it to managing yourself when you are not set up to manage properties.There is scalability in this...Now to play the Devils advocate if you get autopayments set-up you can always figure out how much interest was paid each year and what your payoff is so just decide how competent you are in that and be honest with yourself, there is nothing wrong in outsourcing parts of your business.