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1 March 2024 | 1 reply
Based on reading recent insights from Start Packing Up and Jax Daily Record, there are indicators from January of this year that Jax's real estate market has been going through ups and downs.
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1 March 2024 | 3 replies
Profile:Investor owned LLC -LLC owns 5-6 properties-Investor normally takes every legal write possible so LLC DTI is high-LLC normally has an annual paper loss wInvestor Personally- Investor owns 2-3 properties not in the LLC-Equity in property 1 is over 70% and equity in others are around 50%-Investors personal DTI is around 15-18%Based on what you see above, the investor would like to tap into the equity in one of the above personal properties.
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1 March 2024 | 31 replies
@Charles AdamsThat is a game changing statement for sure and enough to get the plaintiffs attorney excited You will still get a lot of conflicting opinions and the fear mongering is very real.....Some of it is warranted and some is just sales based on scare tactics I have owned in my personal name and been sued personally not really a fun experience haha
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1 March 2024 | 4 replies
@Seena NassiriI'm based in the Bay Area with a lot of clients that own rental properties out-of-state so I think I can answer this question with creditability.
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1 March 2024 | 8 replies
For this example we will use 70% For this formula you will need to know the following:ARV=After Repair Value ( How much will the house will sell for after making all the repairs needed)Repair Estimate - (Send me a message and I can send you a list I got from my mentorship class for ball park estimates based on square footage and depending if you need cosmetic repairs, avarage repairs or Extreme repairs)Your Assigment FeeARVx.70 - Repairs - Your Assignment FEE = Max OfferExample$200,000 x .70 = $140,000 - $30,000 (repairs) - $10,000 (your profit) = $100,000 (offer)Your potential profit is $10,000 I hope this formula helps you make offers that will make sense for all involved in the transaction.Happy Wholesaling,Lily Rodriguez - Investor friendly Broker
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1 March 2024 | 3 replies
I can see why some lenders wouldn't like it since it would cut them out of a deal, but I would guess this is a very niche market based on downpayment size to make up the difference.
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29 February 2024 | 12 replies
But they will actually charge you $120, 20% mark up, for making the phone call and coordinating with tenant a good time to make fix.
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1 March 2024 | 5 replies
If the property has publicly serviced sewer, which is most times billed based on the number of gallons of water used, by using sub meters, we now have the information we need to pass along the sewage charges.
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1 March 2024 | 5 replies
I am not endorsing him but for thirty bucks and a quick read do that before you shell out tens of thousands for an asset protection advisor or some other fear based sales pitch.
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29 February 2024 | 18 replies
FYI we've changed our approach entirely and have lower fee initial entry points to avoid the challenges of long term project based arrangements so we can catch issues much sooner.