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30 April 2020 | 9 replies
It also has a lot of bars, restaurants and other things that draw crowds to the city.The $6.0 million USD restoration project was done by the building's owner, the Great Lakes Center Foundation.Reaching out to them for more guidance (and strategy, as well as potential pit falls) on this might be beneficial.And calling the general contractor (ask the owner who it was) to discuss any unique problems they faced on this restoration might also be intelligent.If you ask (offer to pay) they might also be able to provide you with preliminary guidance on construction budgets as well as contractors lists, and vendors lists (if you think having them would help your efforts, feasibility, etc...).Another phone call might be to the Architect to get his thoughts on this.Contacting these people would be beneficial because they have successful experience on doing what you want to do in a similar sized city, within driving distance of Ontario. 1) http://bay-journal.com/sfp/pmrr/index.html2) http://bay-journal.com/sfp/pmrr/pictorial.html3) https://www.gogreat.com/cities/bay-city/events/4) http://www.bayfoundation.org/who-we-are/pere-marquette-depot5) This should bring up articles about the Train station Restoration from the Michigan Newspaper (mlive.com): https://www.google.com/search?
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22 April 2020 | 9 replies
There are no hotels in Pilsen and I think that they have a unique product they are offering.
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26 April 2020 | 14 replies
Even if your neighbor meets all the WA requirements to adversely possess a portion of your land, a recent change in WA law (2011) requires that the adverse possessor repay you a prorated portion of the property taxes for the land they adversely possessed.RCW 7.28.083Adverse possession—Reimbursement of taxes or assessments—Payment of unpaid taxes or assessments—Awarding of costs and attorneys' fees.(1) A party who prevails against the holder of record title at the time an action asserting title to real property by adverse possession was filed, or against a subsequent purchaser from such holder, may be required to:(a) Reimburse such holder or purchaser for part or all of any taxes or assessments levied on the real property during the period the prevailing party was in possession of the real property in question and which are proven by competent evidence to have been paid by such holder or purchaser; and (b) Pay to the treasurer of the county in which the real property is located part or all of any taxes or assessments levied on the real property after the filing of the adverse possession claim and which are due and remain unpaid at the time judgment on the claim is entered.(2) If the court orders reimbursement for taxes or assessments paid or payment of taxes or assessments due under subsection (1) of this section, the court shall determine how to allocate taxes or assessments between the property acquired by adverse possession and the property retained by the title holder.
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28 April 2020 | 12 replies
Please be sure to select a Solo 401k plan provider which allows you to take a loan and will prepare the required 401k loan documents.The repayment terms are equal monthly/quarterly payments (as you prefer) of principal and interest (e.g. prime + 1%) spread over a 5 year term (or longer if you will use the loan to purchase your primary residence).There are no prepayment penalties and no restrictions on what you can do with the proceeds of the 401k loan.Please note that you are obligated to pay back their 401k (regardless of the performance of your real estate investment).As an alternative to taking the loan, you could even purchase the investment property directly using funds in your Solo 401k (assuming you select a Solo 401k plan provider which allows you to invest in real estate).
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23 April 2020 | 18 replies
One could say the return potential is actually much larger, if you are willing to take on a more unique project.
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22 April 2020 | 1 reply
Out here in SoCal they are giving tenants 12MONTHS to repay everything back.
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24 April 2020 | 25 replies
And each one was / is unique.. and I know when i posted on those threads .. my thought was we have no clue what is going to cause the next economic situation...
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23 April 2020 | 5 replies
Sure some things are estimates (CapEx, Repairs, Vacancy), but each property is unique.
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24 April 2020 | 8 replies
Around three years ago, I fell in love with the idea of real estate investing. Two years ago, I bought a SFH and house hacked for the first year. Now, it cash flows as a rental property.
Here's my problem. I was luc...