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30 September 2020 | 14 replies
As long as you don't squander it gambling or getting new cars you would be much better off IMO.
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4 October 2020 | 1 reply
I've found it very difficult to do in normal circumstances and I can only imagine that it will be very hard given that the pandemic has fewer people in the office.
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24 April 2021 | 19 replies
For instance in certain cities in and around Cleveland OH there is what is called POS .. and when properties change hands the municipality does an inspection and requires a large sometimes very large deposit from the buyer with a laundry list of things that must be addressed ( although most of it U would normally do in a rehab.) but you have to put the money up AND you have to complete the work to get your deposit back.. so in essence you need enough cash to rehab twice.. :( So implementing this in many markets will not be difficult.
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2 October 2020 | 10 replies
It is a little more than normal for the area because it is at a lake, so requires pumping as they dig.
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7 October 2020 | 20 replies
I live in North Carolina and I am required to keep deposits separate from my normal checking account. if you keep the security deposit in a account that accrues interest some states require you to pay the interest to the tenant when you refund their deposit.
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1 October 2020 | 7 replies
That made it follow a more normal appreciation curve and they were motivated to purchase during the 1-2 year mark so I could go on with the next one.Perfect 1031 opportunity for you.
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5 October 2020 | 9 replies
You normally can get some exclusion if the reason for the sale was unforeseen(divorce).You may also want to consider selling before the divorce so she would be responsible for paying 1/2 the tax if the exclusion doesn't apply.Good luck!
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2 October 2020 | 4 replies
If two lenders are priced the same for a given type of scenario, but I have one I like better between the two, normally I'd send all the files to the lender I like best and call it a day.
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4 October 2020 | 10 replies
A builder will build a duplex on the lot and sell each of the sides to home owners, normally.
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5 October 2020 | 5 replies
And I even live in a state that, normally, has fair landlord-tenant laws!