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21 May 2024 | 8 replies
I am looking at some properties to purchase and was wondering if the amount of depreciation claimed changes if I bought the property in say the 3rd quarter of the year versus the 1st.
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22 May 2024 | 5 replies
One local lender was willing to use our equity to purchase an investment property as a “cash” offer.
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21 May 2024 | 0 replies
I have gone through ALDOR to purchase and I’ve also purchased through a broker, but I was looking to see if there were websites that also listed them that I could take a look at?
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21 May 2024 | 8 replies
Most hard money works like this Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.
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21 May 2024 | 0 replies
Purchase price: $82,000 Cash invested: $70,000 Bought a property that someone started a rehab on and finished it up.
21 May 2024 | 8 replies
Yes, you can apply bonus depreciation to a converted property, with some caveats:- it will be based on your original purchase price, not today's value- bonus depreciation for 2024 is 60%, not 100%- most importantly, you may or may not benefit from cost segregation/bonus depreciationRead this: https://www.biggerpockets.com/forums/51/topics/1075919-five-...
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22 May 2024 | 15 replies
Buyer pays closing costs & loan doc fees: $3,800 approx.Total Entry Fee: $23,800 to close -- or 9% of the purchase price!
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22 May 2024 | 1 reply
Why do you think purchase contracts are so long and have such small print?
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22 May 2024 | 9 replies
2 years ago I purchased an acre of land in Arizona with a friend.
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21 May 2024 | 53 replies
Mind boggling that such a method of purchasing property is even posed - all it's telling me is simply this; " Be Fearful When Others Are Greedy and Greedy When Others Are Fearful'"Warren BuffetMany legit ways to purchase property.