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Hi guys-We currently identified 3 properties for a 1031 exchange, and they all went under contract with different buyers. The 45 identification period has passed by 7 days... now what? Has this ever happened to anyo...
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I'm planning to sell a single family rental (5 yrs now) in CA and do 1031 exchange.- At what point do I need to make the election to do 1031 exchange? How much time prior to sell?- As I understand, part of the sale pr...
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I have a commercial retail property in NJ and thus am familiar with it here. However is there anything significantly different in Michigan? Also, the sellers agent will not give me copies of the lease until after an a...
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Hello!
Rehab ($25-$30k) on my first BRRRR is coming to a close (Purchased mid January) and I am now hunting down financing. I paid cash for the property and am looking for an 80% LTV cash out refinance. I got a quote...
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Hello! My name is Klesta and I'm brand new to these forums. I have been listening to bigger pockets for 10 short weeks now, but I feel I have learned more here than in any of my years of attending college or the MBA p...
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Hi Everyone, brand new here and just made my first big purchase in a pretty expensive area (stable/growing property values, also a desirable seasonal vacation rental town). Last week I closed on a completely gutted an...
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Hi all,Was recently offered a commercial mortgage with the following terms. Interest Rate: 5.75%Repayment Schedule: 20 yearsMaturity/Term: 5 yearsPrepayment penalty: 5,4,3,2,1Index Value FHLB plus a 2.5% margin. 20% d...
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I'm not that interested in marketing timing other than getting a sense of when risk is relatively high (due to very high prices). I look at the case shiller index to get a sense of this: http://us.spindices.com/index-...
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I just want to make sure I completely understand the concept of wholesale real estate. Please respond if I need correction.
You negotiate a deal with the owner of a property to buy it at a discount. You sign a cont...
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Hey Guys,
I'm currently getting my real estate license in California for when I go to school out there. I'm in the last section of the pre-licensure course going over adjustable-rate mortgages (ARM). In the explanati...