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4 October 2024 | 8 replies
At a high level based on what I'm reading, this may be one of those where you give your brother an ultimatum: work together as originally discussed, or you buy him out and call it a day.
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6 October 2024 | 12 replies
Like I mentioned in my last comment to Erik, after re-reading my post, I think I need to focus on finding the right deal, instead of forcing a deal to appear.
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7 October 2024 | 8 replies
-) Raf, Las Vegas Can u elaborate more on that?
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10 October 2024 | 9 replies
I couldn't do anything for more than three months.
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6 October 2024 | 8 replies
@Khadijah CelestineIn theory you probably could wholesale to an entity that you own, but it wouldn't serve any purpose other than to create a lot of extra/unnecessary paperwork.
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11 October 2024 | 5 replies
Local MFA returns are incredible at the moment and I'd like to get in on at least one cycle of them, if possible.At the minimum, then, I'm looking for Phoenix MFA deals... but even more specifically, I'd really prefer that the sponsors be based in Phoenix or -- even better yet -- be from Phoenix!
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11 October 2024 | 5 replies
You may want to wait a little bit more until we see a significant cut in rates.
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11 October 2024 | 3 replies
Tesla's expanding footprint in the area in recent years has made Central Texas a hub for the electric vehicle industry.Examples of the biggest recent projects in the Tesla sphere are: the company itself taking more than 1 million square feet at Kyle/35 Logistics Park; supplier US Farathane Corp. taking an entire 410,000-square-foot building in Georgetown; and Hanwha Advanced Materials LLC building a $100 million, 200,000-square-foot advanced high-tech manufacturing facility near Georgetown.
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8 October 2024 | 5 replies
@Matthew McGillI do not have any info regarding first-time homebuyer programs available in Charlotte, but I do have a lot of info about the FHA 203k.
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11 October 2024 | 2 replies
Assembly Bill 1771, also known as the California Housing Speculation Act, aims to change real estate tax policy to discourage investors from quickly reselling properties like single-family homes.Under the proposed bill, an additional 25% tax would be imposed on the gain from the sale of a qualified asset (including homes) within three years of the previous sale.The tax reduction is dependent on the number of years passed since the initial purchase of the qualified asset, ranging from a 20% reduction for sales occurring between 3.01 to 4 years to a 100% reduction for sales occurring more than seven years after the initial purchase.The revenues generated by this tax increase would be deposited into the Speculation Recapture Community Reinvestment Fund, which aims to support affordable housing, local governments, schools, and infrastructure projects.The bill is introduced by Assembly Member Ward, and the proposed tax changes would take effect from January 1, 2023.Assembly Member Ward argues that short-term investors in the market, including fix and flip investors, contribute to rising housing prices, limiting opportunities for Californians to purchase homes.While the bill may discourage short-term speculative transactions, it is worth noting that California's tax laws still provide certain advantages for investors, including unlimited tax write-offs and depreciation benefits.The bill is subject to legislative approval, and Assembly Member Ward will speak publicly about the bill at the San Diego County Administration Center on a specified date.Please note that this is a simplified summary of the bill and its potential impact on fix and flip investors.