3 April 2024 | 4 replies
i am looking into going into a trustee sale on deed of trust for $300,000 by evergreen "second lien holder" but after getting a title report i see there are a Subordination agreement between CTBC "first lien holder" and evergreen.
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3 April 2024 | 19 replies
But it might be smart to do, just wondering if it really is necessary.
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3 April 2024 | 0 replies
Sale price: $200,000 Single-family home for wholesale
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3 April 2024 | 24 replies
I have always looked for 15 year in the past but am wondering who here primarily does 30 years?
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3 April 2024 | 8 replies
Once you are tenants in common then you can sell properties and each of you can choose to do a 1031 or take the cash for the % of your respective sales.
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3 April 2024 | 7 replies
U want your parents to talk to their CPA FIRST.. if they go the development route they are now ( depending on the amount of units) creating inventory.. which will be taxed at ordinary income rates ( very HIGH)if they just sell they can 1031 and move on to something else.. many times when you run the math consider the risks of a partnership.. the sale of the land is far better than thinking your going to make some profit..
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3 April 2024 | 3 replies
Currently in the phase of buying my first property and needed some clarification if I’m getting screwed or not I’m in Rome, Ga and that is where I’m purchasing the home it’s a flip that was a 3 bed 1 bath but has been flipped into a 4 bed 2 bath the asking price is $214,900 originally 230k but the seller wants a quick sell my agent told me we should give them the asking price and ask for them to pay 5k closing close I wanted to ask for 190k and same closing cost but agent said they wouldn’t take us serious so I agreed to agents terms as I’m signing paperwork electronically I see closing cost is 17k since seller is paying 5k brings it down too 12k but being in Georgia I am approved for Georgia dream which covers closing and some of down payment now when I sign at closing I have to pay 6k I’m wondering why is closing 17k my friend bought a property his closing cost was only 10k granted he bought his property for 189k but I feel like my agent isn’t really trying to get me a good deal should I back away from this property, find a new agent, go through with this purchase, or am I getting screwed in the process?
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3 April 2024 | 4 replies
It is extremely difficult -- bordering on practically impossible -- to use a 1031 exchange to move gains from the sale of one of your existing properties into a property that you already own.
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3 April 2024 | 2 replies
A prospective Buyer is likely looking for a place to move in with their family, and if you have a long term tenant in place with no future vacate date, then you are really limiting your buyer pool, and effectively running down your sales price.
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3 April 2024 | 2 replies
Who is your sales person, who is doing the estimates, what percentage of estimates will lead to nothing.