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30 June 2018 | 1 reply
Hi all - I have an interesting situation with my first Homepath property (a condo) and I am hoping to get some advice.
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2 July 2018 | 10 replies
I wonder if the buyer will have compliance issues with escrow what can I do in that situation?
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27 June 2018 | 4 replies
It depends upon the gain and the rest of your tax situation.
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25 June 2018 | 2 replies
I don't want to get into a situation where I've bought the property and the city won't allow me to add the units.
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26 June 2018 | 4 replies
Thus the wholesaler maybe in a situation where she needs to pay double realty transfer taxes.Disclaimer: While I’m an attorney licensed to practice in PA, I’m not your attorney.
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26 June 2018 | 11 replies
I've been reading through past discussions on this but would love some advice from seasoned property managers on my particular situation.
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25 June 2018 | 4 replies
I am looking all around the DMV but have found some properties that are favorable to my situation in the Capitol Heights and Silver Spring areas.
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2 July 2018 | 24 replies
@Marc WinterI would say, I would kind of need to structure the deal is such a way, or atleast, considering my financial situation, it would make the most sense and have potentially less risk than using a HML, insofar as the concerns you mentioned can somehow be addressed within the contract.The house in question has an ARV around 225K, around 25K in repairs and I would offer to buy at no more than 140K.The 10K I have to work with would not cover the downpayment on a 140K loan at 10% with a HML, unless I structure the deal with partial seller carryback on a note for 50K payable after the sale is complete, in which case I would need a loan only of 90K which would leave me 1K to cover interest payments, assuming points are rolled into the loan and a bullet loan is not an option.She is my neighbor and I'm on very good terms with her.
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26 June 2018 | 4 replies
Avoid big complexes I’d Explain Your situation up front with him before he even runs a check on you .