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4 Valuable Situations to Use a Power of Attorney For Real Estate

Realty Biz

This legal document enables someone to handle property matters on behalf of another person when the principal cannot manage real estate affairs or deal with transactions from a distance. My real estate attorney for my transactions often represents the seller at closing under a POA. The buyer signs the lion's share.

Principal 114
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Placemaker Real Estate and Inhabit Realty Group Acquire Fairway Apartments

Realty Biz

The property was acquired in an off-market transaction direct with the seller for $5 million. "We We are pleased to sponsor our latest acquisition in the Bloomington-Normal market," said Adriel Deller, Principal at Placemaker Real Estate. They are one of the most respected property management firms in this market.

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10 Sneaky Real Estate Scams + How to Protect Your Clients (& Yourself)

The Close

Closing Wire Fraud. Without a doubt, the most devastating and dangerous real estate scam for our clients is closing wire fraud. Here’s how it works: A scammer starts by hacking the email inbox of a principal party in a real estate transaction. How to Protect Your Clients (& Yourself) From Closing Wire Fraud.

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How To Finance Turnkey Rental Properties?

Norada Real Estate

A Turnkey Rental Property is a piece of investment real estate (mostly a house or an apartment) that an investor can buy and rent in a short period. They usually buy them at REO auctions, renovate them and rent them out to the tenants, before putting the property on the market for sale. Fixed-rate mortgages.

Finance 93
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The Important Tax Benefits of Real Estate Investing

Marco Santarelli

If the property costs 130,000 dollars now but requires 20,000 in repairs, it probably isn’t worth it unless you’re going to sell it soon to capture the increased equity. However, property insurance will be tax-deductible, too. Property management fees are tax-deductible business expenses. No FICA Tax.

Investor 111
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13 Tips For Buying a Rental Property in 2022

Norada Real Estate

Imagine this – After you make the down payment and pay all closing costs, the renter pays off your mortgage. Just like any business, purchasing a rental property to earn monthly income can be a bit risky too. You will be required to do a lot of work for managing the rental property as well as your tenants.

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20 Best Cities To Invest In Real Estate In 2021

Marco Santarelli

Through the joint venture, Invitation Homes will provide investment, asset management, and property management services. In that scenario, it becomes very difficult to find and close a deal that fits your investment criteria. Fully renovated single-family homes with great ROI. Austin’s economy is strong and varied.

Investor 138