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3 December 2024 | 51 replies
Feel free to reach out if you want to bounce ideas.
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27 November 2024 | 22 replies
I am a busy man, sometimes more than others, as we all are.I come in here to help others when I can.I make no money from this-and making money is my primary focus.That and handling the responsibilities and time consuming tasks that go with it.I also lead a very comfortable life full of friends and business acquaintances that take up a great deal of my time.
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27 November 2024 | 0 replies
Did you know that you can acquire your a primary residence from up to 1-4 units for as low as 5% with conventional.
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27 November 2024 | 10 replies
It's also worth mentioning that I already have a good relationship with a wholesaler in town who knows other good contacts, and I am able to use some of these contacts as good resources for general knowledge and learning how it all works.I recently had to close my business of 9 years, and so instead of getting a W2 job or start some other "normal" business, I'd much rather prefer to have house flipping be my primary source of income.
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1 December 2024 | 32 replies
If you don't already have a primary residence, could you buy a property and house hack?
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26 November 2024 | 3 replies
The best strategy depends on your goals, but here’s a breakdown:Selling outright would result in paying capital gains tax and depreciation recapture, but since the appreciation is minimal, the tax impact may be relatively low.Gifting the property to your son could potentially allow him to sell it with a lower tax rate, but since he hasn't used it as a primary residence, he won’t qualify for the exclusion of capital gains tax on a primary residence, and you'd need to account for gift tax implications.1031 exchange could defer taxes, but you would need to purchase a like-kind property of equal or greater value and meet all the IRS requirements.
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26 November 2024 | 12 replies
HELOCs are not my primary business so I don't really look into them too much.
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27 November 2024 | 5 replies
I'm 30 with a family of four, just bought my first primary home this year.
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4 December 2024 | 18 replies
Your primary insurance policy with $300,000 in liability coverage should be sufficient in 99.999% of all lawsuits.5.
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20 November 2024 | 3 replies
Using some equity in the HELOC to purchase a new primary and to rent out the home we are currently living in.