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16 April 2024 | 2 replies
They are the ones that know how to write up loan docs for private loans.
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17 April 2024 | 3 replies
She will get each beneficiary to sign off on allowing this to happen, lessening their inheritance cash-wise but keeping the family in a home.My idea is that the trustee daughter could purchase the home, but could do so instead through a sort of owner-financing where the Trust finances the asset to her directly rather than buying it in full at great cost and taking out a mortgage on an already paid for property:- Property is in Trust and is fully paid off,- Trust finances the property to Trustee for closer to market value, and payment can still be set at 1500- No/less down payment required- Any interest rate, maybe 0- Tenant family makes rent payment of 1500, which pays off the property and pays into Trust- Beneficiaries' % share accrues gradually as payments are made- Set future balloon payment if necessary (if Balance required at a certain time, for college, etc.)This would decrease the out-of-pocket cost for the Trustee purchaser, and increase the amount that each beneficiary will receive (eventually).I have no Trust experience, though, and I'm hoping to hear from the experts.
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17 April 2024 | 2 replies
Any advise / feedback suggestions would be helpful in the future to safe guard here.
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18 April 2024 | 15 replies
Here is their summary of the bills: would allow counties to phase out transient accommodation rentals as a type of residential use and asserts that any future "residential" use shall not include transient accommodations.
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16 April 2024 | 7 replies
I’m also an agent, maybe we’ll work on something together in the future
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17 April 2024 | 7 replies
So far I'm happy with my investment as well as the PM (RE referral) who really handles the "landlord-ing".
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16 April 2024 | 2 replies
If their promise has more sparkle than a diamond store, demand to see those glittering details in writing.3.
18 April 2024 | 83 replies
Look at posts on ADU appraisals on bigger pockets or go to RE meetups and talk to investors.
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17 April 2024 | 5 replies
LTV at 80% = $192,000 - closing costs ($4,000) = $188,000Profit = (re-fi $188,000 + HML remaining $38,000 - holding $18,016 - HML $192,000) = $15,984Biggerpockets rent estimator is around $1,800 - $2,000 so should meet the 1% rule.
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15 April 2024 | 1 reply
We would like to start a partnership together to invest, particularly in Multifamily RE.