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3 September 2018 | 15 replies
Went to the recorders office and there were none but at the same time not sure if that’s something that I would have to ask for or would be blatantly obvious and mentioned, but the docs I saw showed no such info
27 February 2019 | 14 replies
He’s a record breaking agent in my area and a good friend so I trust him.
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11 August 2018 | 3 replies
Seeking guidance on how best to exit a partnership mid-flip and the tax implications I should prepare for.Detail and timelineI bought a duplex in January for cash - standard closing with the buyerIn May I let a partner buy into the deal with cash and had his name added to the deedthere was no recorded transfer of $$ at this closingMy partner is now offering additional cash to buy me out of the partnership and take over 100% of the dealHoping to better understand at a high level what the typical path forward would look like in this scenario ?
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8 August 2018 | 2 replies
Found owners name in county records what would be my next step as fast as getting a phone number and what would be my approach?
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16 August 2018 | 4 replies
Can you get the previous year's operating records so you can see what that costs?
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11 August 2018 | 18 replies
Rent will be guaranteed thorough Non- profit organization.
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13 August 2018 | 7 replies
If the sale of the was recorded in the county records, your grandfather/estate would have NO rights to the property “as the previous owner”.....it simply doesn’t work that way.
9 August 2018 | 8 replies
If he doesn't keep good records, then you have a bit of a problem, and will have to calculate it yourself.Finally, with all the information you've collected, you determine if it is a good deal or not.Based on what you listed above here's an example ballpark monthly budget:Principle & interest: ~$1,000 ($195k loan @ 5%)Taxes & insurance: $300-500/mo (depending on your locality)Utilities: $200/mo for water (most 4-units has the owner paying water)Vacancy: $140 (based on 95% occupancy at $2800/mo)Maintenance/Capital expences: $280 (standard 10%)Management: $280 (10%)Total: ~$2,300-2,500, leaving you with a profit of around $100/door, with only $10k invested.
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5 September 2018 | 6 replies
They have on their records the amount owed.
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9 August 2018 | 3 replies
Yes, you need to see if there is a recorded easement/agreement and also read the language in the two deeds.....both should be available online.