13 August 2024 | 7 replies
Given your background, especially with your general contractor's license and hands-on experience with rehabs, transitioning more into real estate seems like a natural progression.Here are a few thoughts:Potential of Real Estate vs.
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12 August 2024 | 3 replies
Naturally your relinquished property will have to sell prior to taking title to the replacement, but this would put you in a better position for a successful exchange.
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14 August 2024 | 134 replies
The biggest ego seems to coincide with the thinnest skin.
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20 August 2024 | 452 replies
Funding companies and banks are concerned that the cash out will not be used for business purposes and that the investor will not have enough skin in the game if things get tougher.If you qualify for government or agency financing that's great, but many of our investors do not and they rely on small banks and funding companies.
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13 August 2024 | 69 replies
That is just human nature and I get it.
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9 August 2024 | 4 replies
Something like a USDA live-in flip might get you the capital to look at a 5% down multi or something of that nature.
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8 August 2024 | 4 replies
As a result, in a public search, the governor name would be me.If I set up a Wyoming LLC and modify the Operating agreement to have my WA LLC to be 100% owned by my Wyoming LLC, I assume I would still have to list a natural person as the governor of the WA LLC, and my name would still show up there.
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14 August 2024 | 64 replies
My hesitation was first of all the price, second of all the very hands on nature where for that price I felt like it should have been done for you, and third the relative opaqueness of the program itself.
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7 August 2024 | 27 replies
I can only speak from a lender's perspective, but we're going to want to see some "skin in the game" from the borrower.
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8 August 2024 | 11 replies
It’s just the nature of the business.