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30 April 2024 | 10 replies
Thanks @Jay King - The trustee in this case is a trust company that is managing the estate, you're saying I can offer them additional money to sell the house to me and it might work versus an individual person who was named as a trustee?
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30 April 2024 | 2 replies
Here are some common financing options:Traditional Mortgage: Obtain financing from banks with a down payment, paying off over time with interest.Hard Money Loans: Short-term loans with higher interest rates, often from private investors, suitable for quick acquisitions or credit-challenged investors.Private Money Lenders: Individuals or groups offering direct loans, with terms negotiated privately.Seller Financing: Buyers make payments directly to sellers over an agreed period, with terms negotiated between parties.Home Equity Line of Credit (HELOC): Borrow against existing property equity with a revolving credit line, typically offering flexibility.Real Estate Crowdfunding: Pool funds with other investors via online platforms for various real estate projects, offering diverse investment opportunities.1031 Exchange: Defer capital gains taxes by reinvesting sale proceeds into similar properties within a specific timeframe, useful for tax optimization.REITs (Real Estate Investment Trusts): Invest indirectly in real estate through publicly traded companies, offering liquidity and diversification.Joint Ventures/Partnerships: Collaborate with other investors to share resources and risks, leveraging each other's strengths for larger projects.Subject To Financing: Buy a property subject to the existing mortgage that's in place on the property (doesn't get paid off when the property sells).Assumable Mortgage: Buy a property and assume the mortgage that the seller already has in place.Lease Option: Rent a property with the option to buy it prior to a later date.Debt Service Credit Ratio (DSCR): A loan approved based on the income potential of the propertyThese options cater to different investor needs, preferences, and financial situations, providing flexibility in real estate investment strategies.Thanks,
29 April 2024 | 5 replies
However, nobody can predict the future if this will continue - hopefully we get some relief soon!
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29 April 2024 | 11 replies
How important is it that my credit card is from a company that is FDIC approved 3.
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29 April 2024 | 5 replies
Each period during which a customer has a continuous or recurring right to use an item of property held in connection with the activity (without regard to whether the customer uses the property for the entire period or whether the right to use the property is pursuant to a single agreement or to renewals thereof) is treated...
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30 April 2024 | 27 replies
I know themeing is expensive, but I was planning on doing that myself (I own an artisan construction company).
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28 April 2024 | 13 replies
I continued to get additional quotes and opinions from multiple vendors.
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30 April 2024 | 5 replies
This wouldn't be an issue as gifts up to 100% are alowed,under my company from immediate family members.
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29 April 2024 | 10 replies
Will keep posting my progress and I welcome your continued input sir.
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29 April 2024 | 4 replies
His insurance company has denied his claim.