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16 February 2012 | 6 replies
McKellar Newsom If the person is Canadian here are some banks:Harris bank (bank of montreal) will deal with loans 50% of purchase price but they will want to have a relationship with the buyer firstRBC Centura (RBC canada) not as picky to having a pre-existing relationship with clients and will do up to 70% of loan to valueWashington Federal- minimum investment $50,000 to $700,000 up to %65 of Loan to ValueTD Canada trust-not sure the details but I know some investors have used them.
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18 February 2012 | 8 replies
It was paid into "your account" with the PM company.This is how it SHOULD be reported; however, not all small PM companies realize this and will not provide you with a detailed statement.
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18 February 2012 | 8 replies
If it helps to know the details, they are as follows ... property is a luxury Hawaiian estate.
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18 February 2012 | 6 replies
Here are another few pieces of advice that can help - especially if you have a full time job:* Cell - Buy a pre-paid cell phone and record all the details regarding the property (how much, how big, verification needed, security, etc.) on the VM.
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14 April 2013 | 8 replies
It's a speciality trade and is not very interchangeable with drywall repair tradesmen.Best of luck and be sure to post any details and quotes you receive on this post.
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19 February 2012 | 6 replies
Hello Jon, The detailed answer is quite appreciated, I realize it must have taken some time to answer in such manner, so thank you :) Some follow up questions:1.
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21 February 2012 | 18 replies
A good lender/broker should be able to talk about these concepts in detail.
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24 February 2012 | 13 replies
In structuring our entities, (we function in Florida, Georgia and soon in Texas), we have been informed that, "...your company is a dealer in real estate sales and purchases, not an investor (1031 exchange tax deferral is not allowed for dealers)".A more detailed discussion will take place with our CPA, but I would like to hear from some others on BP who "deal" in rehabs within an LLC, s-corp or c-corp.How are your 1031 exchanges handled?
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21 February 2012 | 21 replies
I know we all here plan to live off of our real estate; however, you still need some savings.That said, typically you will have to withdraw it claiming hardship in order to pull the funds out.Consider the loan option in further detail first.
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1 March 2012 | 20 replies
I was just doing some thinking and I would like to know the details of your fastest deal.