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3 February 2020 | 7 replies
- sharing of revenue profits or losses- sharing of capital gains or losses- is any payment to be made to either other than as share of profits, eg for ongoing services- will the participants be operating a ‘salary/dividend split’ – ie taking their month by month requirements by way of low salary, balance as dividends?
5 February 2020 | 4 replies
I will tell you though that one of the banks biggest fears is going under deposit and it not closing, so if they think one offer may have a high likelihood of falling apart, they might be able to justify that it's better to take the definite cash deal now (if the numbers are close).If you want this edge, be sure to make an all around SOLID Offer:- 10% Deposit- Proof of Funds- No Mortgage Contingency- No Inspections- Close before the end of the month.If the offers are very close, with these terms you might have a chance .. but if your $5-10k+ less than the 203k Rehab Loan, they will probably take the rehab loan.Also keep in mind that in most cases the banks do not care if you have inspections, or a mortgage contingency.
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4 February 2020 | 12 replies
Demand tells you what revenue you can get.
3 February 2020 | 2 replies
The 2nd a d biggest mistake is that that 2nd Parcel is on the other side of a huge wash or creek.
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12 February 2020 | 12 replies
Rent shifting is the practice of management companies of shifting revenues away from rents - which they have to share - to various junk fees - that they do not.
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3 February 2020 | 4 replies
That would be my biggest hurtle is finding contractors since I am not networked yet.
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7 February 2020 | 2 replies
@Joseph NiedermeyerI'm by no means a seasoned investor, but as someone who owns multiple properties/multiple mortgages I've found that lenders are more interested in downpayment % and positive revenue from owned-properties in annual tax filings, more so than credit score.
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10 February 2020 | 22 replies
After I moved out, I would be getting revenue from 4 rentals instead of 3 and would continue managing the property and doing landscaping.
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4 February 2020 | 7 replies
The sale of a primary residence will actually fall under Section 121 of the Internal Revenue Code or what we refer to as the 121 Exclusion.
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4 February 2020 | 8 replies
That quick closing can be one of the biggest game changers out there!