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15 June 2024 | 5 replies
I am curious if other investors create a business plan or provide other documentation to loan officers?
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17 June 2024 | 8 replies
I took out the LLC and contact info since I didn't ask if I could share it. too small. we stay in the single family, triplex, and then 150+ units and above 10 million in construction values to get to instittuuioal level capital and income. you need to underwrite 3 million dollar checks. he's probably raising from friends and families on his first deal but I wouldn't touch a deal with my own money without non recourse debt or a clear development plan and exit.
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17 June 2024 | 2 replies
If you plan to sell within a few year of making it your primary then don’t do the exchange until a couple years before you move in.
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17 June 2024 | 8 replies
Builders will also offer rate buy-downs for investors lowering the monthly expenses.
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16 June 2024 | 16 replies
Otherwise if buyer fails to pay, seller has to incur legal expenses either to take back their ownership through deed or to assert a claim against buyers other assets (if there are any).
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17 June 2024 | 4 replies
If everyone is on board with the plan to wholesale the deal, you are responsible for finding an end buyer and assigning the contract.
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18 June 2024 | 16 replies
As far as being able to use your Roth you should be able to, or at least buy into a fund, but contact your plan administrator to find out for sure.
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17 June 2024 | 3 replies
App_mode=Displ...Also, our Governor Ron DeSantis just passed a "Squatter law" which always a homeowner to reclaim their property INSTANTLY under these terms The individual has unlawfully entered and remains on the property;The individual has been directed to leave the property by the owner but has not done so; andThe individual is not a current or former tenant in a legal dispute.First in the Nation to do so.Link to squatter article - https://www.flgov.com/2024/03/27/governor-desantis-signs-leg...Let me know if you have any questions about FL or plan on investing in the Sunshine State!
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17 June 2024 | 9 replies
One attractive factor for me is the recent announcement of the tallest tower planned to be build by 2030 that was recently approved with no height restriction.
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14 June 2024 | 17 replies
But you can always ask the PM from time to time if they have experienced any problems with the tenant.2. expenses that exceed the pre-authorization threshold in your agreement.3. maintenance problems or concerns, especially ones that are not minor, but you can always ask about any problems, and they should be keeping record of maintenance problems during their management, even minor problems. 4. near expiration of lease term (e.g. 60 days), inquire what their plan in for a current tenancy, whether to terminate or renew.