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24 May 2024 | 42 replies
Thanks Evan,There aren't that many true turnkey companies around anymore.IMO the ones that stood the test of time are obviously doing a decent job and if they weren't, how did they last this long?
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23 May 2024 | 52 replies
The insulation is easy to have a company remove, the mold is easy to test and determine how to treat, and the chimney work as well could be negotiated.I have actually only ever said no to one or two inspection items.
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20 May 2024 | 6 replies
I definitely need a bigger list but I was testing out a power dialer.
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21 May 2024 | 138 replies
A "Solo 401k" is a 401k plan for which there are no non-owner employees eligible to participate.In other words, "Solo 401k" vs "ERISA plan" has nothing to do with whether your document provider calls it a Solo 401k or something else.If a business with no non-owner employees adopts a 401k plan it is a "Solo 401k," regardless of what the document provider calls it.If a business WITH non-owner employees adopts a 401k plan - even with a plan document that does not address ERISA, non-discrimination testing, etc., etc., etc. - it is NOT a "Solo 401k" regardless of what the document provider calls it.A "Safe harbor 401k" is still a "Solo 401k" if there are no eligible non-owner participants.
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20 May 2024 | 13 replies
Make sure your financial modeling is SUPER conservative with a lot of stress tests.
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22 May 2024 | 74 replies
., pressure test assumptions, look at GPs past performance vs their projections, etc.) before I make a contribution so this definitely feels like a good group to be a part of.Some GPs who have seemed reputable are still putting in assumptions such as 5% annual rent increases (which is insane in my mind) to get to their exit figures.
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20 May 2024 | 88 replies
Just so you know....a series LLC costs about 10,000 to create and it is a product that is not tested or even recognized/understood in most states.
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19 May 2024 | 25 replies
In short, in the context of real estate, the majority of your time has to be spent in real estate activities (usually full-time workers in other professions fail at this level of the test because convincing the IRS that you work two full-time jobs presents a problem) and the time spent must exceed 750 hours.
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21 May 2024 | 41 replies
I ALWAYS reevaluate rents upon move-out - - time to take a litmus test on FMV.Should I squeeze every nickle of cash-flow or be happy with low-to-nill vacancies?
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20 May 2024 | 10 replies
Also learn to do stress test on your portfolio if something happens (higher interest rate, vacancy, etc).5- Enjoy: You need to love doing that.