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6 January 2022 | 5 replies
“They” aren’t as concerned about the profit, any income is a bonus and the tax write offs are an extra bonus (a bonus bonus if you want to call it that.).
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8 January 2022 | 1 reply
Why not write a contract subject to obtaining a title commitment with acceptable exceptions and exclusions from coverage?
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11 January 2022 | 13 replies
I'd say we have at least $360,000 in equity in it as I write this (based on estimates from Zillow, Redfin & realtor.com).While we're planning on increasing the rent for the next term if we keep the property, I'd like to learn how I could leverage this equity into substantially more monthly income with little to no out of pocket expense and no capital gains taxes.I have no experience with loans other than FHA or conventional on first or second homes, although I'm vaguely aware of alternative financing methods (asset loans, etc).Any advice on how to turn that equity into substantially more monthly income?
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7 January 2022 | 1 reply
That's a lot of checking....Anyway, it should be sufficient to have the GC certify in writing that he and his subs have the required WC at the beginning of the project.
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9 January 2022 | 1 reply
Great write up on explaining syndication!
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7 January 2022 | 1 reply
@Javier RíosPlease don’t use something from the internet / get a lawyer to write it up
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12 January 2022 | 11 replies
I had to write a letter reporting that I intend to stay there at least two weeks per year to qualify.
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8 January 2022 | 1 reply
I make my repairs take my write off and start the next year fresh.
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14 January 2022 | 12 replies
You can sometimes write loans with an LLC, but the LLC needs credit and it is a different type of loan (commercial).
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9 January 2022 | 2 replies
I was leaning towards declining the deal even before writing the post but I figured it’d be smart to seek more advice.Regarding the car loans.