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13 October 2021 | 0 replies
I found this deal on the MLS and negotiated 6k in seller concessions to cover some small structural concerns How did you finance this deal?
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16 October 2021 | 1 reply
Thoughtfully structured Seller Financing can help them ease their capital gains pain without needing to exchange into another property.#2: The Low Interest Rate Environment Means Financially Conservative Sellers Can’t Generate Much Income on Their Proceeds through Bank DepositsMany non-owner occupant property owners bought their properties as a way to safely create an income stream.
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14 October 2021 | 8 replies
The reason I ask is that the method of acquisition has a big impact on the financing structures possible.
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14 October 2021 | 3 replies
This duplex was converted before zoning laws took effect in the area, and was grandfathered as a legally non conforming structure, listed as a duplex.
13 October 2021 | 1 reply
A partnership is a marriage, if it breaks up, it is rarely amicably, and there is always pain, whether it be emotional, psychological, and/or financial.That being said, you need to talk to an attorney to create a well structured partnership agreement.
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15 October 2021 | 2 replies
We do it by providing the new buyers with peace of mind… brand new structures, brand new mechanicals, and brand new kitchen and bathrooms.
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14 October 2021 | 2 replies
Do you guys have any tips on how to proceed through the agent and structure our approach knowing she was widowed in dec 2020?
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14 October 2021 | 5 replies
I'm looking to structure a partnership, were wondering what the best way to take this to an attorney to write up a contract that looks out for the best of each individual investor.This is my first rodeo, looking forward to the plunge!
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24 October 2021 | 2 replies
@Kendrick CarterI would suggest following the @the203kway on Instagram.If you plan to spend more than $35k in renovations or there are structural repairs, you will be required to use a 203k HUD consultant - who is a great resource throughout the entire process.In my opinion, building a cohesive team is most important - below is the path I followed:1) 203k HUD consultant > asked for lender referrals 2) 203k Lender > prequal letter provided 3) 203k Agent > had personal 203k experience and completed transactions previously4) Offer Accepted & Under Contract > completed HUD walk thru and scope of work provided 5) 203k Contractor > asked for referrals from everyone, and the one I found was currently working on 203k projects and understood the process I am now just awaiting the contractor quote to finalize the loan commitment process!
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18 October 2021 | 9 replies
The plan is to add an off grid structure on the other side of the property and have both units as STRs.I have been a residential RE agent in NYC the last five years and still hold my license, but have recently joined a large commercial real estate company in their property management group.