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10 March 2024 | 6 replies
Yeah, it depends on the loan type but typically it’s a minimum of a year.
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11 March 2024 | 24 replies
Putting assetings into a partnership doesn't create gain typically- creates adjustments related to inside/outside basis.
11 March 2024 | 4 replies
Keep in mind that LOC interest rates are typically adjustable, impacting your long-term holding costs.
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11 March 2024 | 10 replies
Typically here, the seller uses the same attorney that the buyer uses unless you'd like to specify a different one.
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10 March 2024 | 15 replies
The institionalized players typically have 100-200 BPS lower rates than standard hard money lending players but they're clunky and have lots of requirements its almost like the instituional HML should be called "hybrid hard money or hybrid bridge money," because of all these requirements.When we're working with those instutionalized players we usually have to do almost as much work as a conventional loan (1-4 fannie, not quite but almost as much).If you'd like to learn more about the different options or get a sounding board on what options are out there feel free to reach out and we can talk shop.
11 March 2024 | 7 replies
It sounds like you're struggling with the basics.The best advice I ever received from a 75 year old mentor, was "Make your mistakes on paper.
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10 March 2024 | 6 replies
if it's already gone to auction, it might be too late. it's a complicated process to try to get the bank to back out of that. and as the other commenter said, all owners have to be totally on board with your plan. not only are most sellers not down for creative financing, but those being foreclosed on are typically even less cooperative (i realize that makes no sense, just how it is), and divorced couples even LESS. i think you're putting the cart before the horse here in looking for a TC. for future deals, you can find a TC in pace morby's fb group.
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11 March 2024 | 152 replies
But in 2023 hoarding cash could yield almost similar appreciation.In 2010 era, typical asset class cap rate : 10% ; typical asset classs in 2023: 4% Summary: by converting real estate equity to cash/debt position from 2023 and forward, as long as rate of appreciation is less than inflation, we don't actually lose that much.So yes selling everything real estate is making sense in 2023 as well.
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10 March 2024 | 0 replies
Due to the rising cost of financing, the deal fetched an 8% cap rate, typical for transactions in this size range.As we move through the first quarter of 2024, the $180 billion in retail loans maturing between 2024 and 2026 presents a significant consideration for the market.
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10 March 2024 | 2 replies
Typically you can call utility providers and get that information.