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1 September 2021 | 0 replies
I paid too much to acquire the property and my rehab budget was blown ($25K over).
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2 September 2021 | 6 replies
I do not intend to wholesale but do intend to acquire additional investment properties.
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1 September 2021 | 1 reply
I spoke with one lender and a mortgage broker that both said acquiring a property with an LLC would require a commercial loan.
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2 September 2021 | 5 replies
I was wondering if it is possible to rent out properties acquired through trust to self?
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2 September 2021 | 5 replies
I've unsuccessfully tried the wholesaling route for a while and decided it was time to shift direction to acquiring rental properties.
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26 December 2021 | 10 replies
Most direct answer, if you live in Tennessee and are buying a SFH, and are willing to personally come to California on vacation once a year (such as when the short term rental isn't occupied by others on vacation who are paying you for the privilege), 2nd homes can be acquired at 90% LTV.Checklist here: https://selling-guide.fanniema...But, for a traditional long term rental, if that is your intent in your heart of hearts when you sit across from the notary who will take your fingerprints, no there are not.
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15 September 2021 | 9 replies
We had a contractor that is specialized in fire remediation review the damage and he has informed us that the tenant cannot be living in the apartment while repairs are underway which is estimated to take about four weeks.
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1 September 2021 | 3 replies
Meggen,Black Mold needs to be properly remediated.
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10 September 2021 | 8 replies
The taxpayer or a disqualified person may guarantee some or all of the obligations of the EAT, including secured or unsecured debt incurred to acquire the property, or may indemnify the EAT against costs and expenses (for example, the taxpayer could guarantee to fund any negative cash flow generated by the property).c.
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2 September 2021 | 2 replies
If the source of funds used to acquire the property was an unsecured loan or a loan secured by an asset other than the subject property (such as a HELOC secured by another property), the settlement statement for the refinance transaction must reflect that all cash-out proceeds be used to pay off or pay down, as applicable, the loan used to purchase the property.