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15 October 2024 | 21 replies
The one think I would add to the conversation is you say you will not be selling within the next 5 years so the PPP is not a much of a concern.
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13 October 2024 | 18 replies
So email them if it’s a conversation or text that says “confirming our conversation you have rejected our inquiry and to having an HVAC technician review the master bedroom”.
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12 October 2024 | 1 reply
I have yet to have a conversation with a seller but I will keep continuing to mail and will also cold call.
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13 October 2024 | 2 replies
Hey Franklin,Generally, if a new unit is created through substantial rehabilitation or conversion, it may be considered a "new construction" unit and therefore exempt from RSO rent control.
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14 October 2024 | 5 replies
It made a world of difference for her portfolio.It might be worth having an open conversation with your current agent about your expectations.
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12 October 2024 | 9 replies
And you get drawn in to long conversations with them.
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12 October 2024 | 2 replies
In their case, the loan wasn’t assumable, but it opened up a lot of interesting conversations with the lender.Assuming your loan is assumable (and I’d definitely get that confirmed), the buyer’s intended use of the property usually doesn’t affect the transfer.
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17 October 2024 | 20 replies
Typically they are over valued based on their comps they provide, so make sure to do your own comps.Also as you mention, I have had a lot better luck with realtors on pocket listings or just in conversations with them than I have had with wholesalers.
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12 October 2024 | 7 replies
I suspect they drew you a flow cart and then your conversations went something like this: I need to transfer my properties to an LLC for anonymity.They are told they are not anonymous & that is not asset protectionBut I need it anyway for tax savings.They are told there’s no meaningful tax advantages But I can get non recourse debt because the LLC is the borrower.They are told they still have to personally guarantee the loanNo, I can get non recourse debt I read all about it.They are told yes, while that is true, the leverage is customarily low, applies to much larger CRE transactions and there are still carve outs.
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12 October 2024 | 15 replies
Quote from @Abhishek Singhal: It's hard to give the answer without knowing your contract, conversations, and other factors.I manage 400 rentals.