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5 December 2024 | 87 replies
Jay mentioned the collateral backing the fund and if you want to compare something like a PPR fund backed by non-performing notes (at least when they bought them) to a fund having all performing notes, in solid real estate markets with real collateral values I cant see why anyone would want to take on so much extra risk with no reward?
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26 November 2024 | 1 reply
I recently learned that income earned through Airbnb often doesn’t qualify as eligible income when applying for a second mortgage.For those of you who’ve used Airbnb as part of your house hacking approach, how did you navigate this issue?
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27 November 2024 | 1 reply
Contact me if you’d like to earn passive income or are in the business and are looking to collaborate on any projects.
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30 November 2024 | 3 replies
She works for me several hours a week and it's been a good way for her to learn the business, make some extra money, and help me with my to do list.
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26 November 2024 | 4 replies
Problem is only "RE pros" get to do it.There are 3 income classifications in the US - Active, Portfolio, and PassiveActive income is income derived from your job, or normal trade or business.Portfolio income is derived from bank instruments - stocks, bonds, etc.Passive income is income earned from investments.Active losses can wipe out both passive and portfolio income, but it doesn't work the other way around.Portfolio (capital) losses are limited to $3,000 annually.Passive losses can only be offset by passive gains.Real estate rental income by its nature is deemed passive per IRC Sec 469One way to get around it is to become a pro - spend more than 750 hours or 1/2 your time in real estate.But most folks aren't real estate pros.
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30 November 2024 | 4 replies
Is there a document that says they owe me extra if the utility bills get too high?
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5 December 2024 | 17 replies
It was a bankruptcy sale so it took a little longer, but gave us some extra needed time.
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27 November 2024 | 6 replies
Due to the income earned in the landlord account that goes to the benefit of the client, you should cut the check directly from the account through the bank and do as the law says, hand-deliver or certified mail.
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29 November 2024 | 11 replies
The extra $150 will be long forgotten the month after you buy it!
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27 November 2024 | 15 replies
Subject to zoning could be apartments, self storage on extra land, sell lots, etc.