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6 August 2024 | 5 replies
While searching we are lining up all the other items needed to have the STR up and running day 1.
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6 August 2024 | 8 replies
Long story short, you lose control of your property.
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8 August 2024 | 2 replies
Hello Kyle,There are lots of things to consider, and there are lots of different types of Zoning for residential.For example you could be zoned residential, but the minimum lot size could be 1 acre, and you are buying 1 acre, in that case you wouldn't need a developer, you would just need a builder.For example, lets say you have 5 acres and a perfect rectangle property, that has an existing street that runs the long ways of the property so you won't have to put in any streets, you will simply need to get with a surveyor, figure out your minimum lot widths from zoning, and file with the municipality to get your property subdivided into lots.Once you have subdivided lots, you can either sell the lots outright to a builder, the cleanest transaction.Option 2, you could try to partner with a builder so you can split the profits, most builder's will want you to guarantee the loan, and still charge a build fee before profit splits.Option3, you can hire the builder, obtain the financing, and keep all the profits.Option 4, you could do any combination of 1,2, and 3.
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9 August 2024 | 1 reply
They are going to write up a field estimate and are willing to (usually) pay you (the homeowner) or your preferred Contractor that money for the repair.
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9 August 2024 | 6 replies
Once I have enough money for a down payment on another property, I plan to turn this property into a rental and move into a new home.My question is about planting a privacy hedge (Clusia) around my backyard.
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6 August 2024 | 6 replies
Not having done your 2023 return will in all likelihood 'hurt' you somewhat in the short term because lenders will want to see it.
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9 August 2024 | 4 replies
However, its highly unlikely that an owner will keep a dog property, that loses money, constantly requires repairs for 37 years.
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10 August 2024 | 4 replies
For the record, I have read:- Loopholes of Real Estate by Gary Sutton- Rich Dad Poor Dad by Robert Kiyosaki- Investing in Real Estate with Little to no Money Down by Brandon Turner- Tax Strategies for the Savvy Real Estate Investor by Han & McFarland- The Psychology of Money by Morgan Housel- The Book on Rental Property Investing (first book I've read here) by Brandon Turner- The Millionaire Real Estate Investor by Gary KellerReading has been my biggest source for knowledge and Brandon Turner has become one of my favorite authors now!
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10 August 2024 | 5 replies
The Refinace loan should get you most of your money back and you can go do it again.
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6 August 2024 | 3 replies
I’m currently have all my money in a live in flip but see opportunities all the time.