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29 January 2017 | 6 replies
It doesn't do any harm if undisturbed, but if it's in the ceiling and you go to remove it, it becomes a serious health hazard.
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27 January 2017 | 4 replies
When an IRA engages in a trade or a business on a regular basis, such as flipping houses, a tax known as UBIT applies.So, a leveraged flip is pretty tax intensive under an IRA.Note that passive earnings such as interest or rent from real property do not have these tax implications.
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29 January 2017 | 21 replies
Im not sure about other mortgage servicers however, most that I've read on their guidelines to remove PMI including from the mortgage company I work at currently are below (Fannie & Freddie conventional):- when you reach 80% of the ORIGINAL purchase value you can request to remove PMI however a BPO (brokers price opinion aka cheap & dirty version of a regular appraisal) will be needed to verify the property did not decrease in value- If you've done improvements (sounds like your story) you can request a BPO to verify your loan is at 80% of current market value (ARV) which can go from regular BPO price of 150-175 dollars up to regular appraisal if interiors need inspection as well (interior & exteriors = regular appraisal 450-550).- if the loan is atleast 2 years old (paid on time of course) and not more than 5 years old the borrower can request a BPO if the borrower believes the value has increased enough based on market value alone to remove MI but the requirement for this market value only increase is 75% LTV or lower based on the current BPO (so in essence you need 25% equity on current FMV - fair market value).- for the above 3 scenarios payments must be current with no 30 day lates in the past 12 months or 60 day lates in the past 24 months (on the current mortgage or "other," credit too)What is interesting is the above only applies to 1 unit properties because 2-4 unit properties its the same as the above except the requirement is 35% equity or 65% LTV (same).
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30 January 2017 | 11 replies
No attorney is going to do that and I'm not positive, but I was under the impression a regular person can't collect the same amount of damages in Indiana.
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29 January 2017 | 2 replies
Others have a regular contract with an addendum for the seller financing terms.You'll need to determine the local customs with an Realtor or a lawyer or both.
2 February 2017 | 10 replies
I also keep up with regular maintenance for all properties and have excellent management in place that don't delay with anything that needs to be taken care of. 3.
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17 June 2018 | 8 replies
Would a regular builder be willing to take it on?
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29 January 2017 | 2 replies
Keep and carry the notes of your exiting property profile and review them regularly until you feel like you know them.
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28 October 2018 | 70 replies
And do regular tenants apply for these properties as well?
29 January 2017 | 3 replies
Hello BiggerPockets,I'm new, but I'm hoping to become a regular.