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24 October 2024 | 15 replies
We are seeing a big uptick in second loans on the market, including those who own investment properties look to take equity out of an existing property by getting a second loan.
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23 October 2024 | 4 replies
I have bought 2 long term rental properties with my brother.
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24 October 2024 | 1 reply
The market was increasing and we were able to find an off-market deal from some friends who held the property for over a year had no interest in fixing it up.
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25 October 2024 | 4 replies
I strongly despise when costs of mentorship start to impact the mentee's already limited ability to put a down payment on a property.
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15 October 2024 | 2 replies
For properties valued between $30M and $40M, the commission rate tends to be on the lower end of this range, often around 1% to 2%.Some brokers may also opt for a flat fee structure, which can be advantageous for high-value transactions.Comparison with Provided Rates:For a property under $34M, the commission is 1%, which aligns with the lower end of typical commercial real estate commissions for high-value properties.For properties between $34M and $35M, the commission is a flat $400,000.
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25 October 2024 | 2 replies
Albeit, when we building materials started to increase significantly, that complicated things and we had to just keep going.You will lose MORE if you sell a half-built property, than if you take it to completion.
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24 October 2024 | 6 replies
Most investors believe there’s one market value for a property, and it’s usually closely related to appraised value.
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25 October 2024 | 4 replies
I was disappointed to see that the data was not updated (specifically for SFH MLS listed properties).
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24 October 2024 | 8 replies
I am new to Real Estate Investment, venturing into commercial real estate space (multi-family rental properties) and willing to expand my network to build a team across the different states for potential opportunities.
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24 October 2024 | 5 replies
As far as closing costs go, see below:-Title fees-Title insurance-Hazard Insurance-Lender's closing fee, underwriting fee, or any other flat fee they charge-Origination fee-Attorney fee (if the property is in an attorney state)-Doc fee for closing docs-Prepaid interest through the end of the month you are closing-Recording and transfer fees on titleThat will cover most of your normal closing fees.