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13 June 2014 | 28 replies
You are now/have remained compliant with what you are legally bound to (correct?)
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30 May 2015 | 8 replies
I had some funds remaining in my self directed ira and wanted to see if this would be an acceptable transaction.Here's the scenario:Tyler's (me) Ira lends 50k to John (made up individual) via secured promissory noteJohn’s ira lends 50k to Tyler (me) via secured promissory noteJohn wouldn't be a family member.Is this an acceptable transaction?
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21 July 2014 | 30 replies
If there's one piece of advice that I have it's to remain active on this site.
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13 June 2014 | 19 replies
Remain positive and contribute on here & add value for others on your business.
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11 June 2014 | 9 replies
I think the area in question is a heated 4 season room.If the property is only 1100 sq ft, the price per sq ft is inflated incredibly for what we are offering.
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8 May 2017 | 3 replies
Option agreement is to purchase property at the end of 18 month period at the amount remaining on mortgage (~$85k).
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11 June 2014 | 4 replies
Try to get something in writing from her that says she is voluntarily releasing possession and returning possession to you, with any pre-paid rents remaining with the landlord as consideration for early lease termination.
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11 June 2014 | 5 replies
I do all of these, assigning contracts is very easy, you just need a buyer to come in and agree to buy it for the inflated price… If you are buying the property or wholesaling or assigning, you won't be paying any commissions at all… any commissions will be paid for by seller..
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11 June 2014 | 1 reply
I just got the word from my primary bank that we can move forward on a refinance on our primary residence and will be dropping to 3.6% on interest and reducing our 21 remaining years to 15 years.
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12 June 2014 | 4 replies
Your estimated Capitalization Rate would be about 6.7%.Make sure that you have sufficient cash reserves for unexpected repairs and expenses.Make sure that each month you deduct the following expenses from your rent and save them for future payments: (1) real property taxes, (2) replacement reserve and (3) insurance reserve.For your information, the 50% rule, which is generally considered to be fairly close to actual expenses, states that …50% of your gross rents will be taken up by expenses... property tax insurance vacancy property management maintenance capital repairs legals and accounting, etc.From the remaining 50% you service your debt, if any, and the remaining is your profit.