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16 January 2022 | 9 replies
The price of a stamp turned into a multimillion dollar business a short time after.
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17 January 2022 | 9 replies
@Gillian ScottItems to consider when selling a houseYou may pay around 7% to 9% of the value of the home in fees(Realtor Commissions, Title costs, Title Insurance, Stamps etc).The sale may also result in taxes(Federal taxes + State Taxes).You might be able to avoid taxes by doing a 1031 exchange or QOF Fund.You no longer have an asset that can potentially provide you cash-flow / appreciation.Do you think you can make up the 7% - 9% in fees + Taxes over time by buying another property?
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7 January 2022 | 5 replies
In a short sale or Deed in Lieu, however, the liens have to be addressed & dealt with in some way during the transaction.Do a title search and clear all of the liens by having the borrower clear them before your transaction or get the lien amounts credited to you so you can pay them off post transaction.We generally pay the full amount of the net cash for keys amount when the borrower vacates the property & leaves it in broom swept condition.Yesterday, we were surprised when a town refused to provide the transfer stamp, which we needed in order to record the Deed.
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17 December 2021 | 106 replies
I got a second appraisal and this time my husband met the appraiser in his usual old overworn t-shirt & shorts.
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12 October 2021 | 5 replies
Something else to consider is custom we buy houses shirts and some business cards to hand out if someone asks.
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19 October 2021 | 6 replies
Hi Everyone, I've been receiving conflicting messages about this even from legal advisors and I wanted to check if anybody had an experience in this I recently purchased a property in Florida under my name and the mor...
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5 December 2021 | 4 replies
Right after I closed, I transfer it from my personal name to my 100% own LLC.Recently, someone mentioned doing that will subject to some kind of transfer tax or stamp tax?
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18 October 2021 | 33 replies
Lets say you have a draftsman whom you pay 1099 who types all your plans up and all you do is give them the details of sizes and stamp it off.
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9 November 2021 | 4 replies
Include a self-addressed, stamped envelope for them to mail you the payment.