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16 September 2018 | 60 replies
I think its a stain on the industry in many respects.. but I get it.. my fundings pay lots of wholesalers mainly out east and deep south.. not so much here on the west coast.. most wholesalers here close and the ones' that don't get turned into the state for brokering without a license get fined and cease and desist letters..
12 September 2018 | 0 replies
Mainly looking for advice on the best route of getting the loan for the project.
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15 September 2018 | 4 replies
With multifamily properties, sometimes you need to play with the address - for example, if you have a 4plex and the units are 621, 623, 625, 627 main st, the address for the parcel many not always be 621 main st but instead 625 or 627 main st.
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13 September 2018 | 3 replies
Depending on your personal assets (i.e. what your willing to risk), in the event a claim is made against your investment property, and how much RE you plan to buy long term, those factors should dictate whether you should get an LLC.
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14 September 2018 | 12 replies
Even if it’s not a disqualifying factor for them, they’d be crazy to not factor the crime into their valuation/purchase decision.Best of luck!
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12 September 2018 | 1 reply
But if you roll your equity into your home, it's alternative cost will the your new mortgage %%.So, this way your $195Kwill be working with your new mortgage rate while it could be paid off by your tenants and get sold when market is very high again.Tenants usually complains about everyday problems: A/C doesn't work, toilet clogged, facet is not working.All these cracks etc - it's the owners problem and Tenants seldom worry about that.Bottom line: I'd use $195K in investment property if it gives you more return than new current mortgage rate.But you have to factor PM even if your wife does it for free.If the ROI is less than the rate - sell it and pay less in your mortgage.ps I think using leverage will get you to your goal quicker than paying off all mortgages....but each their own
15 September 2018 | 5 replies
@Andy MirzaThe ERISA plan asset rules may come into play if pension funds are used unless the funds main line of business is the development of real estate (REOC), or the fund is a publicly traded company registered under the Investment Company Act of 1940.To qualify as a REOC the fund must invest at minimum 50% of its assets in qualifying real estate considered managed or being developed.
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26 October 2018 | 18 replies
One factor to consider is if you’re going overseas for a TCS or PCS.
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13 September 2018 | 2 replies
I heard on one of the bigger pockets episodes, where they were talking about posting their deals, but didn't see any threads in the main forums, maybe someone can post a link.
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20 September 2018 | 9 replies
The best you can do is to evaluate it yourself based on the 3 factors and appraiser should use.1) Income approach - project rents and NOI and use a cap rate you feel appropriate to the market.2) Comparables - look for anything similar sold in that area or surrounding areas.3) Replacement - if you're essentially rebuilding it look at the cost of new construction.