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26 August 2024 | 3 replies
You asked about a property you have listed for sale and property taxes that are coming due and the consequences of not paying them until the property sells.Generally, the local taxing authority will impose an interest penalty on any unpaid balance after the due date with a long grace period before you would have to worry about unpaid property taxes affecting your ownership of the property or your ability to sell.In all likelihood, the property taxes will become a part of the closing and will be deducted from your proceeds at the time of sale.By the way, property taxes are always in first lien position ahead of any other debts like mortgages.
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26 August 2024 | 10 replies
You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.There are over 20 real estate accountants on this site.
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26 August 2024 | 2 replies
(unless you day job is in the trades)
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28 August 2024 | 17 replies
Make it clear that there are consequences for his embezzlement.5.
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27 August 2024 | 11 replies
You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.There are over 20 real estate accountants on this site.
29 August 2024 | 70 replies
The whole term of wholesaling originates on the fact you don't close on a deal with your own money you just sell a contract like options trading.
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27 August 2024 | 43 replies
I am not a mortgage person but the "bait and switch" in the business is called "re-trading a loan".My contacts get this a lot.Some company touts they can do a rate for xx with little to no down.They collect a bunch of fees and then right about when closing they say something happened and have to move to a new higher rate.Don't believe the HYPE!!
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25 August 2024 | 10 replies
Sellers, will decide, at their listing agreement whether they want to compensate a buyer agent or not and live with their consequence of whatever they choose.Buyers agents will now have to have that difficult discussion with their buyers about their compensation upfront and a buyer will more likely shop around for an agent and learn to negotiate what they will pay their agent if the seller is not offering or not offering enough.
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26 August 2024 | 6 replies
Since he is selling in the US, this can be any real property in the US that going to be held for business, investment, or trade use.
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24 August 2024 | 7 replies
That way you get your trades down and locked in...you know the building officials and all the other details that go into building.Best Wishes and Good Luck.