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28 February 2020 | 9 replies
If they are nice enough to agree to do them, you shouldn't expect them to also pay for any alternative housing or the storing of your furniture.
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26 March 2020 | 45 replies
Also, people are seeing vacation rentals/private residences as much safer alternatives than hotels and able to adhere to the social distancing guidelines.
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8 March 2020 | 10 replies
Depending on the price point you're looking for, consider areas to the north that are developing as alternatives to Winter Park: Altamonte Springs, Casselberry, Lake Mary, and especially check out Sanford which is about to go through some good growth-already actually happening.
28 February 2020 | 14 replies
Please be sure to select a Solo 401k plan provider which allows you to take a loan and will prepare the required 401k loan documents.The repayment terms are equal monthly/quarterly payments (as you prefer) of principal and interest (e.g. prime + 1%) spread over a 5 year term (or longer if you will use the loan to purchase your primary residence).There are no prepayment penalties and no restrictions on what you can do with the proceeds of the 401k loan.Please note that you are obligated to pay back their 401k (regardless of the performance of your real estate investment).As an alternative to taking the loan, you could even purchase the investment property directly using funds in your Solo 401k (assuming you select a Solo 401k plan provider which allows you to invest in real estate).
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4 March 2020 | 17 replies
Naturally, most people think cowboys are nuts: who wants to ride in a saddle (i.e. car) on a dusty trail all day (i.e. driving for dollars) and keeping an eye on cows (i.e. looking for overgrown lawns, FSBO signs, foreclosures, short sales, off market deals)?
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29 February 2020 | 6 replies
I recently closed a multi family refinance deal. As a retired person I didn’t have many financing options for a difficult commercial deal and had to pay higher financing costs. Other than having cash on hand and absen...
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4 March 2020 | 10 replies
They meet monthly too, alternating between Burlington and Worcester.
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14 March 2020 | 6 replies
@Daniel DietzGet an appraisal.If the IRS questions the value, you have an acceptable value and no issues.Defending any alternative form of valuation with the IRS, even if you are successful, will cost much more than the appraisal.
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3 March 2020 | 81 replies
Alternatively, while listing properties, I've encountered buyers attempting to use the commission as leverage by offering less and saying if their offer is accepted it's more favorable to us since we'd make more commission.Rule of thumb, at my office, will always be as an agent representing any party, you to do what's in the best interest of your client, not your pocket.
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5 March 2020 | 28 replies
But if you’re stuck and working alone, if your resources are stretched, or if you simply have confidence in your hands, the scraping I'm talking about is often very significantly cheaper and less time-consuming than the alternatives.