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14 March 2024 | 11 replies
I have researched it, and it seems that you need a mortgage originator license from the state, and to be registered with NMLS to offer these types of loans.
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15 March 2024 | 31 replies
Hey Gene, I recommend you starting in the Midwest because it's affordable and offers good cash flow.
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14 March 2024 | 1 reply
With your first brokerage, it's crucial to consider how developed their training program is and the support they offer to new agents (e.g.
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14 March 2024 | 9 replies
While you have depreciation owning real estate, less than 10% do a 1031 exchange so you end up paying those taxes when you sell so you just defer them - and for those investing $100k it’s not life changing money.There are many REIT’s and private funds that offer tax advantages as well.
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14 March 2024 | 7 replies
I guess this isn't the worst thing, since the low rate on the first mortgage would offset much of the higher rate on the 2nd.4) Refinance the entire property at whatever I can get - 7% or so.I'm just wondering if there is a solution where I can really take advantage of the low rate on the first, offer the property out to buyers with a wrap loan and drive up the asking price because it has built in financing with a fantastic rate.Any ideas shoot them over!!
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14 March 2024 | 11 replies
For high bonus depreciation, consider exploring new construction projects, which can offer up to 100% first-year bonus depreciation.
14 March 2024 | 60 replies
If I had to do it all over again, I would have offered $11k less then I did probably.
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15 March 2024 | 117 replies
I got the tax deed after last years tax sale. after i recieved the tax deed i bought doors and locks and locked the property up. the previous owner said he wanted to redeem i told him ok but he would have to pay me for the minor upgrades as well as the taxes. ive waited a year he only offered the past due taxes. this year i made about 14k in upgrades. in the middle of some of the contractors working the previous owner changed the locks and had a lawyer to say that we couldnt continue the upgrades and tried to tresspass me from the property. i went to the county and they said they are in the wrong. i dont know what to do now
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14 March 2024 | 7 replies
I do provide internet services but I do not explicitly offer it with the rent.
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14 March 2024 | 2 replies
Cap rates offer a valuation based on a single year's NOI, while discount rates consider the property's entire income-generating potential over a specified period.