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20 April 2020 | 0 replies
I was looking at this property that seemed like a good deal but I found it is a nonconforming property that’s listed as a duplex but actually has 3 units (a front, a rear and one detached garage that has been converted).It has been on market for over 100 days so I know there is probably something wrong with it, so my two questions are: #1 How much would it cost for repairs on non conforming units?
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20 April 2020 | 4 replies
I am working on my final loans under conventional financing guidelines and am wondering how I go about refinancing and converting them back to a single property/duplex as a single loan.
23 April 2020 | 15 replies
From what I've seen on youtube, the bill contains the following:1- Free rent for all tenants across the US regardless of income for a year2- Landlords can file for Government assistance which comes with the following conditions a- No raising of rent for 5 years b- Government gets first right of refusal if you sell your property within 5 years c- You can't discriminate based on criminal background or credit on new tenants d- Something about the tenant getting 10% interest in your property e- You must accept applications from S8 tenants3- The Feds will give money to local governments to help them buy up properties to convert to low income housingThis bill has little chances of passing but if what I read is true, this mindset is terrifying.
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9 May 2020 | 76 replies
Im a flipper that will slowly start to convert to a rental investor.
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20 June 2020 | 28 replies
I was in the process of converting my 401k over to a self directed IRA.
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23 April 2020 | 2 replies
I took over the rental unit mid year, so the question is should I keep it rental, continuing to depreciate it, charge the S Corp rent, declare rental income, continue depreciating it, or convert to owner occupied.
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28 April 2020 | 12 replies
This is a great time to convert to Roth bc stocks are lower today .
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24 April 2020 | 50 replies
My so called 'wealth adviser' at the bank told me not to sell any funds last year when I converted a whole bunch to cash.
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3 May 2020 | 3 replies
in your opinion.Rent the pads and don’t have any POH’s (Pad Rent Only)Rent the pads and convert some or all of the park into Lease/Purchases POH’s (Pad Rent, Monthly Lease until Purchase)Rent the pads and fill with POH’s (Pad Rent and POH Rent)I know that these can a bit subjective and also can be mixed and matched as needed.
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23 April 2020 | 18 replies
Single close loan 20% down and 3.5 fixed automatically converting to a 30 year loan when construction is done.