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9 November 2018 | 6 replies
The catch is that your cut will be less than what a smaller brokerage can offer you financially.
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27 November 2017 | 11 replies
Here are the details.Duplex Im selling is owned in entity "A LLC" which is a 2 member LLC and I'm a 50% member, other member is my dad.Ive been approved for a construction loan based on the financials of entity "A LLC" - however I could also get the construction loan in my name only, or another single member LLC that I am sole member of or Entity "B LLC" which I'm a 50% member of or when I close it down can transfer ownership to me solely.The land is owned free and clear - land is owned under entity "A LLC" and is also owned half by John Smith (friend of mine...John Smith who coincidentally wants out)How do I do this...I've been reading up on related entity exchanges but as I type this out am wondering if I couldnt complete this since the lot is owned by entity "A LLC" which is also selling the existing duplex.Disclaimer for any that answer - I understand you are giving advice and I am to complete my own due diligence and consult my own professionals.Thanks!!!!
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21 January 2019 | 8 replies
The assuming Borrower may assume 100% of the outstanding principal balance of the Mortgage, subject to the restrictions on LTV ratio for Investment Properties and HUD-approved Secondary Residences.”FHA loan assumptions require the lender to prepare special paperwork showing that the original borrower is released from the financial liability of the mortgage loan.
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13 December 2017 | 17 replies
If you run the numbers, it actually is a financially better way of doing it.
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27 November 2017 | 3 replies
Hi guys,I know this is a question best asked of my CPA, and I am in the process of contacting him but considering he might not get back to me quickly, I was hoping I could get your ideas here.I own a property in Idaho...
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6 December 2017 | 4 replies
hello all I'm looking for a lender that I can qualify for,a heloc I just bought my firsts property in Franklin park and it was a great deal I'll be living in it for 2yrs then renting it out I got a 203k loan the purchase price was 134k with 61k in repairs the house appraised for 270k I purchased it in September made my first payment Nov. 15th there have been a few issues that were unforseen and I need a loan to finish and some extra for financial issues that came up does anyone know of a lender in illinois that can help thanks in advance
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10 December 2017 | 7 replies
Watch for an aspect of RE investing that intrigues you and sounds like a good fit for your skills, interests, and current financial situation.
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27 November 2017 | 7 replies
Nick, if you are able to net $40k tax free, I think the question becomes would you be able to do something with that money that would improve your financial state faster than simply continuing to own your home?
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27 November 2017 | 10 replies
It does not sound like you are financially ready to invest.
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4 December 2017 | 2 replies
Business valuation = 3-4x NOI + inventory.Building valuation...The two most important questions: (1) what is the financial strength of the tenant / what do their trends and industry viability look like?