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24 May 2024 | 6 replies
Something tells me you won't be working 4,060 hours to do so - 80 hours a week year round.If it is a more active rental model that it is not considered "rental" income, then you would need to put in at least 100 hours with that being more than anyone else (employees, contractors, management company, etc), or you would need to put in at least 500 hours.So your "quick" question is actually fairly complicated.
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23 May 2024 | 7 replies
This home needs some rehab and she was concerned it was going to complicate her effort to sell it.
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21 May 2024 | 48 replies
Quote from @Bob Stevens: Ok so it seems EVERYONE is making renting to sec 8 MUCH more complicated than it needs to be, not sure why.
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23 May 2024 | 1 reply
They may need to access cash or move to a more suitable living situation.Tax Liens or Legal IssuesOwners facing tax liens, legal disputes, or other complications may want to sell their property fast to resolve these issues without further financial or legal consequences.Burnt-Out InvestorsReal estate investors who are tired of managing properties, dealing with tenants, or facing constant repairs may decide to liquidate their holdings quickly to invest in other opportunities or simplify their lives.Understanding these motivations can help you tailor your approach and offer solutions that address their specific needs, making it more likely you'll secure a deal.
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22 May 2024 | 9 replies
@Chrissy Gray- So unfortunately, it's a little more complicated than that.
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23 May 2024 | 6 replies
If you have 30 houses with a total of $3 million in equity, then you could split them into three separate LLCs with $1 million each.The more complicated you make it, the harder it is to keep straight and the more expensive it becomes.
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23 May 2024 | 11 replies
Don't make it more complicated than it has to be.
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22 May 2024 | 20 replies
The laws are so complicated that private landlords can't keep up.
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20 May 2024 | 11 replies
In order to foreclose in a judicial state it must go through the courts and you can easily file a response to the complaint showing the lien is not valid.In non judicial states it would be the same thing, you could respond to the trustee saying lien is not valid and they would have to provide proof of the original note you signed and notarized as well as the recorded deed of trust.