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14 October 2024 | 8 replies
To go even further, real estate agents usually have a large network of trusted lenders they have worked with in the past, and can refer you a couple to start with.I know a couple great ones if you would be interested in speaking with them, and maybe we can get together based on how those conversations go.Look forward to hearing from you and have a great week.
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15 October 2024 | 21 replies
The one think I would add to the conversation is you say you will not be selling within the next 5 years so the PPP is not a much of a concern.
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13 October 2024 | 18 replies
So email them if it’s a conversation or text that says “confirming our conversation you have rejected our inquiry and to having an HVAC technician review the master bedroom”.
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12 October 2024 | 1 reply
I have yet to have a conversation with a seller but I will keep continuing to mail and will also cold call.
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13 October 2024 | 2 replies
Hey Franklin,Generally, if a new unit is created through substantial rehabilitation or conversion, it may be considered a "new construction" unit and therefore exempt from RSO rent control.
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14 October 2024 | 5 replies
It made a world of difference for her portfolio.It might be worth having an open conversation with your current agent about your expectations.
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12 October 2024 | 9 replies
And you get drawn in to long conversations with them.
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12 October 2024 | 2 replies
In their case, the loan wasn’t assumable, but it opened up a lot of interesting conversations with the lender.Assuming your loan is assumable (and I’d definitely get that confirmed), the buyer’s intended use of the property usually doesn’t affect the transfer.
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17 October 2024 | 20 replies
Typically they are over valued based on their comps they provide, so make sure to do your own comps.Also as you mention, I have had a lot better luck with realtors on pocket listings or just in conversations with them than I have had with wholesalers.
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12 October 2024 | 7 replies
I suspect they drew you a flow cart and then your conversations went something like this: I need to transfer my properties to an LLC for anonymity.They are told they are not anonymous & that is not asset protectionBut I need it anyway for tax savings.They are told there’s no meaningful tax advantages But I can get non recourse debt because the LLC is the borrower.They are told they still have to personally guarantee the loanNo, I can get non recourse debt I read all about it.They are told yes, while that is true, the leverage is customarily low, applies to much larger CRE transactions and there are still carve outs.