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4 April 2016 | 0 replies
Any investors that have any recommendations for title companies that have knowledge in wholesaling, Joint venture(co-wholesaling), double closings (simultaneous), hard money (transactional funding), and all other types of transactions, I am all ears.
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12 May 2016 | 25 replies
I genuinely appreciate your offer to help, and I'll send you a pm.
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7 April 2016 | 4 replies
My fiancé and I recently opened up a couple of joint accounts at our local bank, a savings and a checking.
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14 June 2019 | 13 replies
Are you looking to partner & explore opportunity jointly ?
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10 April 2016 | 5 replies
Currently we just buy traditionally with down-payments and standard mortgages using joint ownership rather than an LLC or S-Corp method.
12 April 2016 | 8 replies
I refinanced the mortgage in my name only, she signed quitclaim deed, I paid her what she and I agreed was fair for her share.Fast forward a few years, the property is now a rental and I need to calculate my adjusted cost basis.My intuition is that my adjusted cost basis is 50% of our adjusted cost basis when we were joint tenants, plus what I paid her, plus 100% of eligible improvements since then.
14 April 2016 | 5 replies
The typical shared driveway is not generally owned by both neighbors jointly, as previously described, but instead, one neighbor usually owns the driveway while the other neighbor will hold an easement to use the driveway, or a right of way over such driveway.
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13 April 2016 | 6 replies
This means as joint tenants Investor B now owns 50% of the property or as tenants in common Investor B is now X% owner.
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13 April 2016 | 12 replies
One of my favorite ways to buy and make money right away is to do a joint venture with the seller on a minor rehab Where I live properties are expensive so let's use 800,000 as an example Let's say it needed $80,000 in work in order to get the 800,000 sales price, New kitchen new bathrooms So if you did a wholesaling offer it would be 70% of the 800,000 minus the repairs of 80,000 70% of 800,000 is 560,000 , -80,000 in repairs is 480,000 Minor repairs are not a great wholesale deals, to be a great wholesale deal you need to deal with something that needs a huge amount of work, and has problems that are hard to forecast, i.e. exactly how much it will cost, like mold, or a fire, flood, some really nasty problemsLike rehabs on the other hand are very definitive in the costs like rehabs on the other hand are very definitive in the costs.Using the example above, what I do is I talk to the seller and show them that they will get not a huge amount of money for the light rehab on a Wholesaling offer For the sellers to make more money than 70% of ARV - repairs, I offer a "joint venture with the seller, or cooperative rehab, where we do it in stages" First I'm going to buy the property on a single payment note and give all their equity to them in about four months I will give them no money upfront, and I will use private lender money for the $80,000 in rehab.