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11 December 2024 | 7 replies
Consulting a tax professional is key to ensuring compliance and maximizing benefits.
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15 December 2024 | 7 replies
In either case, the wholesaler usually doesn't need to provide their own funds to complete the deal unless they are doing a double closing and need private financing for that purpose.The title company plays a key role in ensuring that the funds are processed correctly and that the transaction is legally and financially finalized, including disbursing funds to the seller and paying any fees owed to the wholesaler, private lender, or other parties involved.Contract with Seller: The wholesaler secures a property under contract, usually with a small earnest money deposit.Find Buyer: The wholesaler finds a buyer (investor) and assigns the contract, earning an assignment fee (difference in price).Closing: The buyer wires funds, the wholesaler receives the assignment fee, and the title company handles the transaction.Costs:Earnest Money: Small deposit.Marketing: Costs to find deals.Funding (if needed): For double closings.Profit: The wholesaler earns the assignment fee.prioritize transparency and value.
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14 December 2024 | 22 replies
Key Info:Saturday, March 4th from 9 a.m. to 4 p.m.4353 Tilly Mill Rd, Atlanta, GA 30060Tickets on sale hereIf you can't make this or would like to hear about future in-person or zoom classes - let me know here.
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10 December 2024 | 2 replies
I do this to ensure they understand the cleanliness and cooperation is key to this model working for them and myself.
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13 December 2024 | 35 replies
Those are the key things you’ll want to get squared away.You’re definitely on the right track!
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9 December 2024 | 15 replies
Cash for keys is common, and frequently the part that keeps tenants from moving forward is not having an affordable place to go to.
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9 December 2024 | 24 replies
Also, are you looking for turn-key properties or something along the lines of a "fixer upper"?
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16 December 2024 | 18 replies
For the first 2, location and amenities are key.
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1 December 2024 | 3 replies
I'm curious to hear from others across the US what innovative strategies their municipalities have successfully implemented to incentivize development and promote housing affordability through private investment and cooperation.