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20 November 2024 | 37 replies
im new to this just bought first duplex and am house hacking. been keeping up w bigger pockets and before that dustin heiner' podcast. being green, even i know that you never buy/acquire negative cashflow. thats just dumping money down the toilet. second, every real estate guru will tell you never bank on appreciation. thats gambling. home prices are at an all time high, if nything you bank on your property depreciating some and then returning to purchase price HOPEFULLY. you imagine your worst scenarios, lowest rents, longest imaginable time of vacancy, most drastic uncovered repair/situation, over estimate expenses. create your buffers. if the numbers still work then, then you buy. if the numbers work and you casah flow $250+/month i say go for it. it hard to get above that without significant down payments or finding a rare steal. at this time i think best value and only way to guarantee any kind of appreciation is to buy low and rehab.
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11 November 2024 | 2 replies
To that end, in most cases even if the properties are owned within an entity, the principles (investors) will need to personally guarantee the debt.
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14 November 2024 | 6 replies
Here's a link to the bill: https://beachrentals.penfedrealty.com/sites/default/files/ar...
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14 November 2024 | 10 replies
This is most of the depreciation you are taking year one.You can calculate your depreciation recapture by taking the sale price of the asset and subtracting the adjusted cost basis.The adjusted cost basis is what you paid for the asset plus any improvements you made along the way minus the depreciation you took along the way.The profit above this original cost is taxed as a capital gain, but the part linked to depreciation is taxed at a maximum rate of 25% under the unrecaptured gains of section 1250.To recap the tax rates are:- Sec. 1250 real property: 25%- Sec. 1245 property and 15 year 1250 property: Ordinary Tax RatesThere are ways to minimize depreciation recapture especially if you know how to work smart with your CPA.1) Asset Valuation at Time of Sale - Sellers can minimize recapture by reallocating the price of the assets on sale.
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11 November 2024 | 6 replies
The first link to the property does not show the additional studio.
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11 November 2024 | 7 replies
Corp or personal guarantees?
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13 November 2024 | 7 replies
I've included a link to the HPD website below.
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7 November 2024 | 2 replies
You can review all of the properties up for sheriff's sale through this link (https://salesweb.civilview.com/), but there is a lot to know about how it really works.
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12 November 2024 | 17 replies
I teach how to be credible through a concept I have developed called the 3 Pillars Of Conversion.These 3 pillars guarantees conversion no matter where you are or how old you are as long as you apply these pillars and you are dealing with the right audience.0You do this same thing every time.
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22 November 2024 | 92 replies
. - This is BiggerPockets "Deal Finder" - you can use this as a pro member by checking out the link at the top of the screen.