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21 January 2025 | 6 replies
Lock-out, should they continue to not come even, would be typically less than 14-days.Unless the tenant comes even with the rent (which would result in dismissal of the non-payment of the case), there is generally limited defense to this process.
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20 January 2025 | 5 replies
Once converted to a rental, repairs and improvements may qualify as deductible expenses, but pre-conversion repairs typically do not.
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25 January 2025 | 18 replies
Do you typically pay someone to install?
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24 January 2025 | 17 replies
Most on-market deals will likely not fit your investment criteria unless you allocate a substantial downpayment, often at least 30%-35%, or negotiate a price reduction that fits your requirements.Furthermore, while this is not the case for all metro ATL markets, my team and I typically see that a solid portion of the small multifamily space is comprised/orientated in neighborhoods of other small multifamily properties.
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15 January 2025 | 12 replies
This is not uncommon and actual more typical as it is based on sales price and even though the first appraisal was $130k the new one gets reset based on its recent sale and home prices are not up 10% over a few months.You are going to have a hard time getting a lender to use other comps compared to this home as it recently sold.
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22 January 2025 | 7 replies
I receive emails from them after they acquired some other company that did the same thing.
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24 January 2025 | 10 replies
They're not typically the highest ROI, but if you are facing a large tax bill or are having trouble finding a replacement property within the 45 day timeline, a lot of our clients will identify a DST as a backup.
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19 January 2025 | 9 replies
When that portion was complete, I could then receive draw money which allowed me to pay my utilities, taxes, and mortgages.
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25 January 2025 | 7 replies
Investors typically want to stay within the original budget.The only way to do this is to stick to the plan and avoid COs!
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29 January 2025 | 21 replies
The borrower MUST receive something of value for the deed in lieu, agreeing not to foreclose immediately and giving the borrower time to reinstate, or providing a modification, is that something of value.I need to clarify that these notes are commercial and investment property, so do not have to comply with residential lending requirements.With a deed in lieu there is no foreclosure, judicial or non judicial.