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29 November 2021 | 8 replies
Normally a tax lien does not need to be recorded in order to valid.
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25 October 2021 | 10 replies
Other people I'm sure will have their suggestions for those and will normally include Tampa, Jacksonville, and a few others on the West coast.
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26 October 2021 | 5 replies
I do a walk-through about a week before to see if there is anything I need to plan for, other than a normal cleaning, we do the cleaning the day they move out, or the next, so they are usually only vacant for a day or two.
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27 October 2021 | 5 replies
I can see it being tough to rent in the winter though if a normal vehicle has trouble getting up the hill.
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25 October 2021 | 4 replies
Yes, 6% or 3% per side normally paid by the seller if it is an on market deal is normal.
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8 November 2021 | 7 replies
It means the cash-flow you are getting from the rental are not increasing your tax burden.Your lender should normally add back certain items to figure the income to add back for DTI purposes.Items such as Depreciation and one time repairs(Roofs, HVAC, etc) are normally added back
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25 October 2021 | 8 replies
First lien basis, so you can’t borrow the down payment from them.Most lenders want a borrower to have a certain amount of skin in the game, so LEGALLY being able to put together a nothing down deal is MUCH more difficult than it used to be.A good-great deal can be syndicated, but the money investors want the vast majority of equity ownership, leaving relatively small amount of equity for the “promote”.
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25 October 2021 | 1 reply
I am curious if anyone has any contacts who are a CPA who specializes in crowdfunding - specifically a Reg A+ offering that can assist in determining entity type and provide CPA services for this whether it be a REIT, DST or a normal C corpThanks
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30 October 2021 | 7 replies
Normally, when starting out, it turns out to be a bigger challenge than people think.
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26 October 2021 | 2 replies
Pay attention to this upfront>>Will you be required to build a fire Station along with buy fire engines if you exceed X residences--required by a municipality or required to have your built structures qualify for market rate insurance polices...because if the insurance on the structures is 10 times normal the valuation of the structure might be very very low.Pay attention to this upfront>>>Can you get the skilled labor (and CONCRETE) out there in a reliable manner.