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25 August 2024 | 6 replies
Every state has a unique set of laws and regulations regarding the foreclosure process, so your ability to succeed will depend largely on where you're operating.Also, all three of these require advanced skills and background, so I wouldn't necessarily start here.That said, if you do then be sure to get top-notch training and complete deal documentation from folks who have seen at least one full real estate cycle.Rather than specializing so soon in your real estate career, I would instead recommend just getting in front of as many real estate owners with problems.Just getting really good at talking (and listening!)
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26 August 2024 | 6 replies
I know the 1031 can only be used on investment properties but this is a unique property with it being a hunting ranch used as residence and business.
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27 August 2024 | 13 replies
The reason being every site and project is unique, and while I do attempt to provide a reasonable estimate of what it will take to complete your project there are many factors outside my control.
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27 August 2024 | 43 replies
Its great for stretching your capital.
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24 August 2024 | 3 replies
If you include the time waiting for your application to be approved, it could easily be 2 years.These timelines keep getting stretched out.
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26 August 2024 | 17 replies
Especially look at any unique items.
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23 August 2024 | 2 replies
Traditional Banks have more rigorous approval processes, which can take weeks or even months.We are usually more flexible with loan terms and conditions and are more aggressive with leverage (higher leverage compared to banks), while banks generally have rigid loan terms and conditions that may not be as adaptable to unique investment scenarios.Private lenders are more focused on the potential of the investment itself rather than the borrower’s credit history or financial background.
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22 August 2024 | 0 replies
Strategic pricing is key to closing deals quickly.The median time to contract has stretched to 29 days, up 20.8% from last year.
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23 August 2024 | 5 replies
Also, be mindful of Portland's unique areas, such as Northeast Portland for duplexes and Southeast Portland for older houses.
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23 August 2024 | 54 replies
@Allen TracyCalifornia state tax laws are complex and you do want to work with a professional who understands state tax laws.You also want to work with a CPA who understands multi-state taxation since you have to have property out of state and as a result need to file an OH state tax return.Ohio is a unique state in that it requires the filing of many locality returns.Good luck in your search!