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16 June 2020 | 5 replies
@Shivam Bhalla even rentometer isn't super accurate, because they mix building types all the time, it takes someone looking at the right comps to get an actual accurate value for rent.
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19 June 2020 | 3 replies
We have a mix of ownership at the moment: 2 of them are owned by the LLC, the rest are titled to a single partner.We also have a mix of financial instruments at play: 3 of them titled to a single partner have a mortgage with a bank, 1 of the homes owned by the LLC has a private loan, and the last 1 owned by the LLC is all-cash at the moment.I'm less interested in asset protection from the LLC since we're using Umbrella insurance as our safety net.My main concern is filing taxes properly and accurately (attributing gains and losses to each partner correctly), especially since we started down only-LLC ownership and transitioned part way to personal-and-LLC ownership of our properties.
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18 June 2020 | 2 replies
I was wondering if I can find and partner with local agents for the help on this.What I am looking for is:A) Access MLS APIB) Get property data based on MLS IDI am willing to pay for temp access in a format with a flat fee of a mix of percentage and flat fee of grunt labor of filtering through the MLS (as an assistant).Please let me know if you would like to help out and interest in it.
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19 June 2020 | 9 replies
MIL was always nervous about going to nursing homes.My parents had a mixed used property they rent out, stores and apartments, had it since 1963 when they bought it for $25K, was worth $1.1 million at their passing.
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19 June 2020 | 0 replies
I'm experienced in multi-family, mixed use, and mobile home park investments in NY.
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24 June 2020 | 2 replies
Select from a larger selection of properties for sale (in any condition), including condos, townhouses, mixed-us, multi-family, single-family dwellings and those that do not currently meet FHA standardsWhen offer is presented properly to seller, 203k offers may be advantageous in a competing offer situation as the seller does not have to fix-up or repair the property but instead allow the buyer to include these items into their 203k mortgage and complete the improvements after closing using the buyer's own style and design.203k Benefits to Home Owners & Sellers (not all inclusive)Market property to more buyersAllow buyers the opportunity to renovate, upgrade or improve to suit their tastes and preferencesNo need to settle for low-ball cash offersCurrent condition of property not required to meet FHA's property standardsBuyer is permitted to correct any property deficiencies after close of escrowNo more inspection concernsAbsolutely no repairs are required prior to close of escrowSeller not responsible for cost of repairs/improvementsTransaction will close with property in "AS-IS conditionClosing occurs in 45 days203k Benefits to Realtors® & Lenders (not all inclusive)Increase income by selling more homes and originating more loansRaise real estate values by improving homes and neighborhoodsDecrease foreclosure inventoryHelp buyers who previously could not buy homesHelp seller/owners with properties in outdated or fix-up conditionSpur economic growth by creating job opportunities for the construction/remodeling industryPromote an under-utilized niche program that not many Realtors® or Lenders understandRevitalize your community203k Disadvantages (not all inclusive) upfont MIPMI for life of loanSupplemental origination feeInspection feesTitle update feesmore complexmore moving partshigher interest ratepossible longer closing timeBut working with the right 203k Lender, a contractor with education/experience with the 203k, such as a Certified 203k Contractor, the benefits can definitely outweigh the disadvantages.
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10 December 2020 | 17 replies
Things like intent, whether a particular activity is an exclusive focus or mixed in with other passive activities, whether the IRA account holder is also engaging in the same business personally at volume, and similar factors would go into a determination.The other concern we have with wholesaling in particular is that it often takes a lot of hustle to create deals.
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1 July 2020 | 4 replies
I’d be delighted to help you write offers on investment properties.
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1 July 2020 | 9 replies
In my own home, I mix borax with powdered sugar and water.
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1 July 2020 | 8 replies
They often hire a third party management company (at your expense) to perform some of these functions, adding yet another layer of dysfunction and bureaucracy to the mix.