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23 September 2024 | 12 replies
Meanwhile most who obsess over entity formation fail to carry proper insurance, work with unlicensed and uninsured contractors, fail to execute contracts, can't explain the difference between being listed as additional insured and certificate holder or request to be listed as additional insured on vendors insurance policies etc.
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23 September 2024 | 14 replies
Suspended losses can be carried forward and used to offset capital gains or depreciation recapture upon the sale of the property.
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24 September 2024 | 27 replies
yellow Letters right.. his was the only podcast I have ever listened to and well maybe 15 minutes of it.. but I thought now that guy is a closer !!
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23 September 2024 | 3 replies
Scammers may even go as far as creating fake W-2s or other tax documents or advertise fake tax credits to lure in taxpayers to share their sensitive information.Text, Mail and Phone Schemes: Scammers are targeting tax professionals and taxpayers through phone calls, text messages, and even fake AI generated IRS letters.
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23 September 2024 | 13 replies
Most of the work needed to be done by the seller as they were the ones carrying it and it was owned by several family members who were getting into a fight, etc etc.
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19 September 2024 | 14 replies
I would then follow that up with a lease violation letter aka notice to correct.
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21 September 2024 | 2 replies
Yes I can do 10% down, but only if the seller carries a 10% second position.
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21 September 2024 | 1 reply
I'm currently working on scaling up quickly through purchasing large SFR portfolios and/or apartments, and I've spoken to a few sellers willing to carry back a seller 2nd note of 20-30% (i.e. the down payment).
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23 September 2024 | 20 replies
Our RV insurance policy is through Progressive and specifically states that it does not carry over to any other properties.
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27 September 2024 | 40 replies
Caught the flag on the first sentence "given the loan terms verbally" - Pretty much all the "reputable" DSCR Lenders will give out a detailed term sheet / pre-approval letter / LOI (many different names but same thing) outlining terms and approvals early on in the process - the good news is that if you haven't closed yet you can still switch lenders and see if you can secure your original terms - also good news is that the appraisal, while likely ordered by the lender or broker is in your name and your property, so you can likely transfer it to the new lender