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12 November 2019 | 27 replies
State and local governments have been significantly increasing taxes on rental income over the last decade by adding or increasing sales tax on rental income, Forcing all real estate owners to get liscenses to be able to rent properties, increased government inspections of properties prior to new tenants moving in, increased property taxes, etc.
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18 June 2018 | 25 replies
If you're concerned about the ability to re-rent the place maybe you agree to conclude the lease in 2 months instead of 1 month (or immediately) to give you more marketing time.
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17 June 2018 | 4 replies
Once I am able to source a potential deal, I would work with a firm to perform the financial analysis such as creating the pro forma, underwriting financial models, partnership structuring, etc. in order to increase credibility on the financial side.Next is when I would be working with a legal team to draft the PPM (506c), Subscription Agreement, Questionnaire, and so forth.
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1 July 2018 | 31 replies
Less fees and less seasoning that way.There is also a DFE - Delayed Financing Exception that gives you back immediately the lesser of your purchase price plus closing costs or 75% of value.
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18 June 2018 | 26 replies
You could upgrade 50 more and increase your income by $2500/month."
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21 January 2019 | 9 replies
I use Ally (not paid to say this) and lately with the way rates have been moving, they've increased the rate for me at least once a month since January (1.65%).
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18 June 2018 | 3 replies
I believe self-directed accounts do not permit you to hold real estate that you live in or rent out to relatives, so I would only consider that route if I wanted to increase my passive real estate holdings.
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21 June 2018 | 12 replies
So, typically on a $200,000 property, I spend about $25,000 to control it, I get $25,000 back out immediately from the Tenant Buyer, I have a spread of $6,000 to $8,400 for each year, so a note that pays off in one year totals $31,000 plus or minus and a ten year total is $109,000 plus or minus.
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22 June 2018 | 28 replies
Traditional wholesale: Sold to a flipper who is going to rehab the property and is looking to resell for an immediate profit, this requires you (the wholesaler) to get a very low price.
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18 June 2018 | 5 replies
In my immediate vicinity (area that I worked extensively) and did most of my business in there were 2 subdivisions on acreage lots .