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On a general basis on the retail level, what does a seller pay for at closing? I've heard it's usually around 1 - 1.5%, but what exactly is the seller generally paying for at a closing?
Thanks!
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I want to do a 1031, selling an investment condo and buying an investment house. Eventually I will live in the house but that is down the road. My problem is with the concept of "boot". I have been a broker for a l...
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Hello to all my fellow vets! Just another grunt wanting to pass on some valuable info I came across. I see a lot of people asking about LLC's and when to use them but I also see that they can be very expensive to u...
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Does your LLC have to be in the state you will be wholesaling in? I’m currently in California and would like to start out wholesaling on the east coast
Hello,
I have a 401K account with my previous employer in fidelity. It has a balance of 80,000. I am not contributing to it from last year , its dormant. It’s invested in “92204E886 VANGUARD TARGET 2045”. I contribut...
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Hi all!In Alabama, I can buy a tax certificate from someone who obtained it from auction. They’ll mark the price up when they sell it. So if I buy a $2000 certificate for $3000 as an example, and the owner decided to ...
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I have a home I've owned for a few years. Have built up +$100k in appreciation, have about $150k in equity. It was built in the 1950's and was remodeled before I moved in. It is a single family home, and I feel like t...
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Hi everyone,When I buy, let's say, a land of 1000 dollars, how much plus do I have to pay? A broker said, "You will pay pro-rated taxes title recording fees and a $395 broker compliance fee" Is this true? According t...
Hi, My very first purchase was a lot that I was able to foreclose and take ownership of. I made a pretty good profit from selling it, but find my self seeking more ways to invest. I purchased a condo through deed sale...
If my solo 401k lends private/hard money to an investor, am I able to charge a percentage of the profits as well as interest? In my state the interest rate is capped at 12%. Also, what about up front fees? I can't see...