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6 January 2019 | 5 replies
I am wondering at what time period the COC is measured and if the initial COC is below 10% but grows to 15% or 20% or more within 3-5 years is that an acceptable return for a buy and hold investor?
5 January 2019 | 4 replies
HiI just fell into a deal and researching what to do next - 1800ft2 Colonial, 7.5 acres, owner was in trouble and all I had was $10k (owner owned free and clear) and they accepted.
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5 January 2019 | 6 replies
Would it be acceptable to form an LLC with another person who would live in the rental property for one year to receive the owner occupied loan terms?
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27 July 2021 | 63 replies
But if you can accept risk and use it to leverage short term investment then fine.
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5 January 2019 | 7 replies
I know you can't work for two brokers at once, but is it acceptable for me to be an assistant to an agent at another brokerage other than my own?
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7 January 2019 | 3 replies
In prior years, you would test your business to determine if you were actually running (a very unsuccessful) business or if you were simply dabbling in a hobby.This article is a pretty decent break down of how that test is done using the facts and circumstances present in your endeavorIf running an unsuccessful business, your losses might be deductible, buy depending on the nature of those experiences, they might just be Start Up Expenses, which are handled much differently (and also not entirely deductible)If you are just dabbling in a hobby, then prior to 2018, there were special rules about writing off those expenses, but in 2018 most of the ability to write off Hobby Expenses are now gone.
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6 January 2019 | 10 replies
So a seller and I have come to an agreement on terms on a property and I literally had to raise funds from family to obtain the down payment. Now that I have the EMD down payment. I just realized there are closing cos...
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22 January 2019 | 23 replies
Of course eventually the refunds come and then it takes hours to get the bank to accept the two checks into escrow.
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9 January 2019 | 4 replies
Pools are permitted.d.Maximum $75,000 in repairs or 50% of the after repair value, whichever is lowerContractor Approval Contractor must be accepted by Renovation Department prior to final approval and be responsible for the entire project.
5 January 2019 | 3 replies
Keep in mind also the FHA self sufficiency test for 3-4 unit properties.