9 December 2019 | 4 replies
Always consult with your attorney before you rely on the above information.
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14 August 2019 | 0 replies
So here's the (abridged) story so far...Facts:Purchased Two Family in Belmar in April (Two Single Family Homes on One Lot) Using 203k loan with both homes needing "Gut Job"Confirmed Legal Two Family with Tax, Agent, Closing Attorney, and Seller DisclosureHired 203k Consultant (formal written agreement) to prepare a formal Scope of Work for Project with GC leveraging and singing offThe homes had indications of structural issues (through inspection pre-purchase) and all parties were aware before closingUltimately had to hire Architects with PE in-house to draw plans to repair structures using concrete slabsCalled Local Building Inspector and told him the profile of the multifamily homes and that we found major additional issues when demo-ing | He said he would look to only make sure they were up to current code.Spoke again before we submitted permits to tell him about the project and he seemed "fine" as long as it was up to code and just a repair with no foundational footprint change | No exterior walls are being moved, sq. foot remains unchanged, no floors added.The loan is FHA 203k so one of the units will be a primary residence (actually the back unit)Permits were submitted almost two weeks ago with only simple questions returned so far from zoning (the first step in Belmar)Issue:PE told me that he was surprised that town was allowing me to due to a rehab of this size considering the two-family structure has the "backyard" style home which they apparently no longer like.
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15 August 2019 | 4 replies
Please be aware that I am not an accountant or attorney, so always consult with your own before making any investment decision (or before setting up a syndication of your own)
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14 August 2019 | 1 reply
That email is a mentor-ship consulting agreement and has 3 options to choose from.
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15 August 2019 | 7 replies
Sorry, @Michael Acheampong, I'm unable to provide free individual consultations
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16 August 2019 | 12 replies
I'd consult with a broker and see what terms they can offer.
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16 August 2019 | 5 replies
I told them I had capital and years of experience running businesses as well as being a financial coach and consultant.
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21 August 2019 | 4 replies
Always consult with your attorney before you rely on the above information.
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16 August 2019 | 3 replies
It mat be the time to hire a tax consultant as a normal Team member of yours and be able by phone to help with any consequences or questions.
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25 August 2019 | 170 replies
All agents can be both although some would prefer to specialize and choose to focus on being either a seller agent or a buyer agent.Typically when a seller agent list a property on the MLS the seller will pay 6% at closing to the agent or agents involved...If you as a buyer is represented by an agent they will split the commission 50/50...bottom line is that it make sense for a buyer to have an agent who represent them and is obligated to take care of the buyer interests...the seller agent obligation are first of all to the seller...You as buyer don't pay more for this representation...you can find a lot of explanation on that by just googling 'Buyer Agent'...The buyer agent guidance is particularly helpful in your first couple of deals/offers.I found the agent I work with the most after I scheduled to see one of her listing (which I didn't made an offer on) we did had a good conversation though and she started to send me tailored listing alerts emails...which led so far to many offers and two deals with her...Most important thing is to find an agent you feel comfortable to work with and who understand your goals and parameters...In my case particularly since my market is out of state she was very helpful in navigating all the differences and details of the offers and deals.You can work with multiple buyer agents (on different offers/deals of course) until you find the one you feel most comfortable with...avoid signing exclusive agreements with any if they ask...or at least consult the forums before doing so...