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24 April 2024 | 8 replies
@Michael CampbellCounty tax office records or recorders officeIf it’s bank owned you will have to wait until their asset management company (3rd party) lists it for sale or attempts to auction it off on a site like auction.com etc
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24 April 2024 | 40 replies
I also have many LLC's where I have seperated my paid off properties so that everything isn’t owned by one entitiy.
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24 April 2024 | 4 replies
My goal: create an interest-free loan which is appealing to a potential homebuyer, yet doesn't make too big of a discount on my end.For example: If I sold my $300,000 house with 20% down ($60,000) over 30 years, at 6.7% interest rate: $1548.67 principal and interest per month1548.67 x 12 x 30 = $557,521.20What I would do would offer a lower monthly payment and no usury, but it would effectively be like a prepayment penalty.Arbitrarily, let's say 20% off the monthly payment, or $309.73 less per month: $1238.94 monthly payment.House would be sold at $446,018.40, which is $111,502.8 less than the total paid with a normal mortgage, but $116,018 more than the market price.
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24 April 2024 | 27 replies
We are pretty hands off now.
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24 April 2024 | 6 replies
Block off an early-to-mid week couple of days for the AC.
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21 April 2024 | 41 replies
If you go the wood framing route you will have to rip the joists that sit on the concrete because garage floors are built with a slope (for water runoff).
24 April 2024 | 7 replies
Reason for doing so is that because they base the risk off of worst case scenario under the idea that they would have to take over the property if you were to foreclose, how much of a difference is your lease between the market rent?
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24 April 2024 | 3 replies
Rates just dropped Monday after a bad 2 weeks so its a good time to pull the trigger.Multifamily rentals pay off in the loan run so its never a bad investment on a cash flowing property that will debt service itself and grow in equity.
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24 April 2024 | 3 replies
Section the circle off into buckets - label them "real estate", "Stocks", "Bonds", "Cash", Alternatives, etc.- Look at the allocation and make some assumptions about cash flow and growth. - Iterate on at least 3-5 more sheets of paper until it feels right. - Back everything about your financial plan into that end state. - NOW, run your draft plan by a CFP or three.
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24 April 2024 | 10 replies
I highly advise that you get off the tracks.