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10 March 2018 | 14 replies
I had many issues like that and since I keep good records of lien releases, I would just email them a copy of the release and they are like : "Oops.. we should have seen it in public records but now that we have book and page number we are good to go"...
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5 August 2018 | 17 replies
I look in 45236, which is Deer Park, Silverton, Sycamore Township, but not in Cincinnati Public Schools.
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9 March 2018 | 2 replies
No renters nothing.He just got married, mother is well life is great so he bought a new home two weeks ago.We discussed him renting out the old house.Cash out refinance.Market value is $100,000.Take $80,000 and buy another one in the same street.Questions:In Texas can you get 80% on a non-owner occupied property?
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9 March 2018 | 4 replies
I also get impacted because I typically can purchase with 80% LTV (last purchase was 75% LTV) but have only been able to get decent rates at 70% LTV for non owner occupied refi.
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14 March 2018 | 7 replies
Two of the safe harbors that can help you deduct improvements are below:1) 2500 de minimis safe harbor.the safe harbor applies to amounts paid during the tax year to acquire or produce what the regs call a “unit of property” (UOP), you must meet these requirements: (1)you need to have written accounting procedures treating as an expense for non-tax purposes amounts paid for property costing less than a specified dollar amount (which will be 2500 for you), or with an economic useful life of 12 months or less;.(2) the taxpayer treats the amount paid for the property as an expense on its books and records in accordance with its accounting procedures. ( do this on your bookkeeping software or whatever you utilize)(3) the amount paid for the UOP doesn't exceed $2,500. as substantiated by the invoiceNote: The cost for the Unit of Property includes l additional costs (for example, delivery fees, installation services, or similar costs) if these additional costs are included on the same invoice with the property.2) Small taxpayer safe harbor: To be eligible for the safe harbor, the total amount of improvements for the property for the tax year may not exceed the lesser of $10,000 or2% of the property's unadjusted basis.If the total amount paid exceeds the safe harbor threshold, the safe harbor does not apply to any amounts spent during the tax year.
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12 March 2018 | 3 replies
For most purposes, it tends to balance out between attorney-owned title companies and non-attorney companies.
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9 March 2018 | 2 replies
Hello all, I am making my first home purchase (a bit of a fixer upper) and would like to include a clause in the escrow agreement that allows me to back out (while recovering my earnest money) if the inspection finds any major (as in, cuts the projected home value in half and makes the deal non-viable to me) problems.
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11 March 2018 | 9 replies
In mfh you don’t get Fannie non recourse lending until you are over 1 m loan size.
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30 March 2018 | 4 replies
All of the data is shown right in front of you, and you have to apply your own heuristics for selecting the appropriate comps including their age, distance from the subject, counts of rooms, size within of each other, lot sizes, etc.We can discuss all day long about how good or bad Zillow data is, and honestly, it depends very much on the market, and how quickly a sale gets reflected in the public record.In my SoCal market, it's actually pretty quickly, and I often end up using a blend of suggested comps from Zillow and my own comps that I import from other places such as Redfin, your free MLS alternative.
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10 March 2018 | 4 replies
I no longer live here but know alot of people from here and there is a Non profit that owns 7 duplexes that are all 1bed/1 bath.