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9 September 2017 | 5 replies
I would check with your attorney or accountant, but if the renovator sells you the house for $200K all in (and your counsel has the necessary documents signed) then the HST could be deemed to have been included in the price.
22 January 2018 | 4 replies
Account ClosedUnderpinning a foundation is not really a candidate for a first-time do it yourself job.
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9 September 2017 | 4 replies
A proof of funds letter would be from someone's bank or IRA account proving they have enough cash in the account to cover the offer price.
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13 September 2017 | 14 replies
You might want to double check your sheet to make sure it was counted as an expense.Total income is $56,760 + $1,200 = $57,960.Annual projected NOI = $5,581 or $465/mo.You are putting $68,000 down and let's assume another 3% in closing costs of $10,200 for a total cash in of $78,200.That makes it a 7.14% Cash on Cash Return.If you want a 12% COC you will only want to put $46,508 in.
21 September 2017 | 8 replies
(Had to make special arrangements for them to accept a cashiers check with escrow acct info on check and got deposit slip from bank officer after verifying account with escrow company, I almost backed out of deal and it would have affected two other contingencies).I have other questions in regarding the escrow process which I found unprofessional .
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20 March 2018 | 6 replies
. $18,000+ annually to be exact.
10 January 2018 | 5 replies
Hi Account Closed, get out to local meetups and start networking.
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9 September 2017 | 3 replies
Use a 403b, an IRA, a health savings account, if you have kids CESAs, if married do the same for the spouse.
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27 June 2019 | 12 replies
Account Closed I got my list from listability; vacant property home owners with high equity
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3 October 2017 | 10 replies
.- future assumptions: 2% annual income growth, 5% PV growth, 2% expenses growth, 6% sale expensesBigger pockets tool sheet with above data:Cash flow: $916/monthCash on Cash ROI: 6.65%-7.57% depending on rehab costsPurchase cap rate: 7.15%I know this does not meet the 2% or 50% rule but it seems like a good investment for the area.