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15 May 2024 | 14 replies
They agreed to disagree, and the other fellow was doing a variety of things Bill refused to do, which cost people a lot more money.
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14 May 2024 | 11 replies
From my perspective, the new builds are so competitive with both the prices, closing cost assistance and rate buy-downs that they are a clear choice for anyone looking at turnkey options.
13 May 2024 | 6 replies
- 2 of 5 year rule on owner occupied allows gains (to a limit) being exempt from gains tax- accelerated depreciation (cost segregation) can further allow writing off the depreciation- this to me is the most crazy of all, at death property value is rebaseline with all gains being forgiven to the heirs.
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14 May 2024 | 13 replies
If you build a 200 unit location of 10/15/20 drive up access it will be worth $1mm day one above your cost.
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13 May 2024 | 7 replies
Since the property is there, I can only do investor loans in AL, but from a consumer standpoint you can do Conventional, FHA, VA, and USDA as a renovation loan where you take the cost of the property plus the cost of the renovations as your purchase price up to the value of an "As-Repaired" appraisal.
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13 May 2024 | 19 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.
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13 May 2024 | 2 replies
If a seller is offering $10k in assistance but the PP is only $189k on conventional a loan with only 3% contribution allowed, what are all the options for the for any of the left over contributions after. paying closings costs ?
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14 May 2024 | 5 replies
EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!
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10 May 2024 | 2 replies
The police never reached out to me.Fast forward 10 days later and I'm getting a notice that I have to appear for an administrative hearing because I was "allowing" gang activity to occur and jeopardizing the safety of the community.
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13 May 2024 | 12 replies
So more vacancy + higher turn over costs quickly eats into the C and D returns, often yielding returns only marginally better than A or B assets.