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10 August 2018 | 5 replies
The business is currently occupying the property would continue to be responsible for all maintenance, taxes, utilities, etc.
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8 September 2018 | 11 replies
I'd have to double check but I believe only once so far we've utilized a commercial note (shorter term and some language allowing a lender to use discretion, balloon terms, etc) and it was only briefly.
31 August 2018 | 9 replies
Or, if I should keep the VA loan in place and utilize an FHA loan for the 2nd go around.
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12 August 2018 | 2 replies
Now they are my go to and I utilize them frequently in the commercial buildings I manage.
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16 August 2018 | 29 replies
I have an idea...and maybe a CPA or some other knowledgeable tax expert can help on this......so here's my idea:I want to start paying all our regular ongoing bills and utilities with money straight from the LLC rental income....cell phones (we use our phones for mostly work anyway), electric bill, internet, water, etc etc....I'm thinking of making a lease where my business rents the home office space from me and my wife, and the rent is roughly equal to the utility payments, or just have that on the lease..."
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12 August 2018 | 9 replies
I am aware of people utilizing self directed IRA's to invest.
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10 November 2018 | 13 replies
July 2018 - Vacant lot - Off Market/Word of mouth - One of my clients split a lot off their rental house, we paid $55k.Moving forward, we plan to utilize auctions, wholesalers, and direct mail to find our deals.
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15 August 2018 | 4 replies
If using zero down finance, you have no out of pocket and you can have your tenants pay the monthly for the solar system (with a caveat that if they use excess power from the utility they are liable for that).In that scenario, you've added value to your home, your roof is an income producing asset instead of a liability and you are having that paid for by other people.
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2 November 2018 | 1 reply
Since I live in Raleigh, I do not know much about the area and I'm hoping to find a connection to discuss the area that these properties are located. 2 of the homes are currently rented and the other is probably going to need extensive work or tear down.
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15 August 2018 | 2 replies
It was nerve wracking, but we pulled of the HELOC while we were under contract and we were able to close after two extensions on the contract.