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7 September 2024 | 11 replies
Money from these investments will be used to fund more fix and flips and for every 5 completed fix and flips, we will use a portion of that capital to secure 1 rental property (either SFR or MFR).TIME FRAME See GOALS section for short and long term time frames.
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6 September 2024 | 3 replies
Based on your inputs, I think simplifying to a single management company and starting with a single holding company makes sense and then I will add additional holding companies as my portfolio grows.Nathan - on the $1m in equity per LLC portion, would you split properties up into separate holding companies based on type (e.g. residential, commercial office, commercial ag, etc.) or would you keep multiple property types in the same holding company as long as it's under $1m?
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5 September 2024 | 5 replies
And, as a Condo project everyone is sharing in the water bill by allocation of the HOA fee which should be increased is common area expenses have risen.The water may be cheap and voted the best taste in the USA, but the sewage portion of the bill is not and a large amount is based off the water volume.
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8 September 2024 | 101 replies
The nice thing is you have the housing authority to back you up when they don’t pay their portion or there are issues with noise or messiness.
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5 September 2024 | 13 replies
However, some of our clients have chosen to pay capital gains tax on a portion of the proceeds and use that money for renovations.Not all contracts include 1031 exchange language.
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4 September 2024 | 3 replies
It is my favorite way to invest and I do get properties with a good portion of equity from day 1.
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9 September 2024 | 52 replies
@Michael Gonda If you’re not interested in selling your properties, consider selling a portion of your equity instead.
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3 September 2024 | 1 reply
I am not a licensed GC but I have experience building spec homes that I could show a bank Fine paying a higher interest rate on the construction period of the loan, but would like to be more in line with traditional mortgages rates on the perm portion (although fine paying slightly higher if I avoid closing costs for a second loan)Do y’all have any recommendations on specific types of loans for this or specific banks I should talk to?
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7 September 2024 | 36 replies
I'm not saying you actually violated any laws or committed any human rights violations, but this is exactly why it's vital to have an objective, documented screening process and publish your criteria on every advertisement for the property that you put out there.
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4 September 2024 | 10 replies
DSCRThere are multiple considerations to optimize the refinancing portion of the BRRRR method.