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11 May 2024 | 5 replies
Hi Everyone, I'm getting into the real estate investing world and looking to start off with mobile homes.
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11 May 2024 | 8 replies
Your Attorney would love to sell you stuff you don't really need.If you don't operated this 100% correctly someone intent on Sueing you will just pierce the corporate veil anyway.You are much better off taking care of your properties so no one wants to sue you, having correct STR insurance and you can always add an umbrella policy for a 3rd layer of protection.
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11 May 2024 | 2 replies
Perhaps you eventually decide to open your own brokerage where you can train licensees and profit off of their sales production.
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11 May 2024 | 25 replies
Whatever the reasons, a buying frenzy kicked off and drove prices higher, which created a shortage of inventory, which created more equity in existing properties, which created a buying frenzy that drove prices even higher, which . . . you get the point.It should be clear to the casual observer that rent rates and sales prices can't increase forever.
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12 May 2024 | 21 replies
Almost every off-market deal I've worked on has had an inspection.
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11 May 2024 | 10 replies
I used to drive for dollars on purpose with a map, crossing off streets as I covered them.I reach out to tired looking plex owners via a nice letter or postcard and try to build a rapport with them.
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11 May 2024 | 0 replies
We knew the owners just wanted to be done with it and get it off their hands.
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13 May 2024 | 25 replies
I just asked if they can release it immediately because I need to make the wire cut off in the next 30 mins.
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10 May 2024 | 5 replies
In our situation, if the loan gets called it doesn't seem like it would be a huge problem, as we could just pay it off and the list the property and get the equity (probably $30k to $40k after selling expenses, assuming the market hasn't dropped).Thank you in advance for any feedback anyone is able to provide on the subject of a subject-to sale with a USDA loan.JeanYou said: "In our situation, if the loan gets called it doesn't seem like it would be a huge problem, as we could just pay it off and the list the property and get the equity (probably $30k to $40k after selling expenses, assuming the market hasn't dropped)."
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10 May 2024 | 5 replies
The property I would buy is in her LLC but she would like the dream home she’s building to be in their personal names, can she use a 1031 exchange at the end of the 3 year balloon when I pay her off and use those proceeds towards a new construction build?