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3 May 2024 | 3 replies
Most work like this: Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.
3 May 2024 | 7 replies
I have an investment thats been stable. has not required much upkeeptwo years iv owned it without much difficulty finding renters hvac, roof without issues so far but are on the back end of expected life.
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3 May 2024 | 9 replies
This will help give you the guidance, trust, and efficiency that out-of-state investing requires.
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3 May 2024 | 5 replies
While the BRRRR strategy is effective, it requires experience in renovation, property management and market analysis.
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4 May 2024 | 9 replies
Being a successful agent requires a lot of time and effort.3.
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2 May 2024 | 6 replies
Are there any requirements for eligibility?
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2 May 2024 | 3 replies
This is the 2 units + 2 ADUs scenario.I am worried Scenario A might push future financing option into commercial real estate only, which will limit my cashout refi options and the future buyer pool.From a lending perspective, since a "Land Use Restriction" is required to be recorded on the Deed to limit rentals to be longer than 30 days, the property thus will not be considered a true "5 unit commercial property" and my worries in Scenario A will not come to pass, right?
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2 May 2024 | 6 replies
After signing up, they then reached out about requiring an electrical and plumbing inspection.
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3 May 2024 | 30 replies
In determining the amount of reasonable compensation under §162(a)(1), it is necessary to consider both the amount of deferred and nondeferred compensation. 606 The Tax Court and several Courts of Appeals have adopted five factors in determining the reasonableness of compensation:...The Second and Ninth Circuits have held that the reasonableness of compensation must be assessed from the perspective of a hypothetical or independent investor, not as a separate autonomous factor but instead as “a lens through which the entire analysis should be viewed,” and requiring the application of four factors:
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2 May 2024 | 10 replies
You will need to work with a tax professional to analyze your current tax situation (income, deductions, activities, etc.) as well as projected income from the fix and flip business.The benefits have to outweigh the costs (payroll costs, additional tax returns, more stringent reporting and compliance requirements, etc.).One important note - an S Corp is not an entity; it is a tax election.