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26 September 2015 | 11 replies
They also go through an official title search as part of the closing like a standard purchase.
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5 August 2015 | 6 replies
Then hold on to the cash and wait for the next buying opportunity in your market once prices drop OR invest in another market close to or near a bottom.Generally speaking, does a cash out refi have different requirements than a standard refi (for instance, cash out + lower rate, vs just locking in a lower rate.)
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5 August 2015 | 4 replies
If so, the first thing I would try is a standard contract with a 90 day contingency clause regarding the zoning.I would also add a clause about the buyer paying for the rezoning process in lieu of any earnest money down.This way you’re not out of rezoning costs and earnest money if something goes wrong.Another option may be a 90 day lease/purchase - subject to zoning approval.If your seller is in need of some immediate cash flow or you’ll lose the deal this might be the way to go.I’m happy to help out with either one, or better options from other members – just let me know.First ever BP post – hope it was helpful!
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11 August 2015 | 10 replies
For example, suppose you decided to sell a property that was 60% leveraged and after deducting the cost of sales and other expenses you had a UBIT taxable gain of $20,000 and your marginal tax rate at the time of sale is 20%.
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9 August 2015 | 10 replies
If a rental applicant falls a little short of our qualification standard of 3x income or favorable credit, we sometimes offer an option for the tenant to pay a double security deposit or pay 2 or 3 month's rent in advance.I would love to hear if other landlords or property managers offer this option, and if so, do you think it is more beneficial for the landlord to accept a double deposit, or rent paid in advance?
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18 August 2015 | 18 replies
That's where you lost almost all defense to it was the GC's fault.Account ClosedYou are correct that negligence would have to be proven, but depending on the state the standard is not that the floor was unsafe.
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20 August 2015 | 28 replies
Farm sinks have been around forever and are standard in high end homes.
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9 August 2015 | 11 replies
5 hours, it's time to take a tax deductible weekend down to your properties!
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18 May 2016 | 47 replies
Any PM in NC (and most other east coast states) should be a licensed broker... and many licensed brokers use the standard forms, like NC realtor form 401 here.
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9 August 2015 | 13 replies
These days 30 days is pretty standard, not long ago it was 45, but if the lender is saying 45 and you have a 30 day contract I'd be a little worried if you're stealing the property, not so much if you are paying retail.