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19 July 2024 | 5 replies
Simple answer, yes these are all normal things to utilize.However, as to how they are used - that will depend entirely on where you are going and what you are trying to accomplish.For tax purposes, given it is generally a bad idea to use an S-Corp or C-Corp for holding real estate, any other tax structure will have absolutely no difference from one another - IE an LLC taxed as a partnership, an LLC wholly owned by you and disregarded for tax purposes, owning directly, or owning through a revocable trust - all of these have the exact same tax result at the end of the day.
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18 July 2024 | 12 replies
PPP makes no difference other than he has a penalty at the end.
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15 July 2024 | 9 replies
I imagine, no out of state investors see the property beforehand.
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19 July 2024 | 12 replies
I still like LVP, but no way do I do the work anymore.
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18 July 2024 | 2 replies
Now some people have that no problem, but others forget that when you put little down, a refinance is not a guarantee because of the LTV factor.So something to consider.
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15 July 2024 | 3 replies
They purchased it for $3m, put $750k into it, we expect it to appraise for $5m, and are seeking loan proceeds of $3m.Here are three commercial mortgages that might be a good fit (click to enlarge, if necessary):Not listed there, but from left to right: Points are 1.25, 1.5, and 1.Prepayment penalties are 5 years, no, and no.The way to read "3/25, 15 years maturity" is that the rate is fixed for 3 years then adjusts, it has a 25 year amortization, and a balloon payment at the 15 year mark.
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19 July 2024 | 5 replies
However, land costs are crazy, most lots are going for no less than $400k.
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14 July 2024 | 11 replies
I would never do that / why not broker the loan and collect a fee upfront.This is also super sketchy as no legitimate hard money lender would lend to someone who is going to lend the $ and not own the property
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14 July 2024 | 3 replies
It was explained that they're not running a for-profit since no rent or fees are charged to the patients, the company has a large donation pool that covers operating costs and staff.
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19 July 2024 | 4 replies
However, where utilities are combined there is no easy way to estimate the cost because there are too many factors at play.