1 August 2024 | 125 replies
I would proceed with caution but I definitely would not allow that to be the only reason why you don't consider them.
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28 July 2024 | 14 replies
Get a Home Equity Line of Credit (HELOC) setup or take a second mortgage on your house and use the proceeds to fund your purchase in CR.
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26 July 2024 | 3 replies
I was told the warehouse was under lease until july of 2025, on a 18 month lease for $40,000, but the seller was keeping all the proceeds.
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27 July 2024 | 4 replies
These would be Florida homestead proceeds passing outside probate, so I do not believe there are any taxes due given the smaller amount.
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27 July 2024 | 108 replies
In my case I sold some properties that I felt didn’t have strong appreciation upside, and used the proceeds to pay off the few others I wanted to keep long term.
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25 July 2024 | 14 replies
Either, proceed with a value add approach and structure a refi/rehab short term loan that provides renovation funds in order to reposition the property and push rents.
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27 July 2024 | 16 replies
This includes distributions and in year 4, distributions + sale proceeds.
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25 July 2024 | 3 replies
made an offer on a property only to find out later that one of the units was going through an eviction.tried to extend our inspection contingency to no avail to buy us some timeended up not being able to come to terms on how to proceed with sellerthe last HOUR of our inspection contingency the seller offers to try and buy out (cash for keys) the tenant the next day (he had a property manager handling the eviction and wasn't even aware of it initially).i get a (risky) oral agreement that even though the contingency window had passed, if the plan falls through my client will still get their EMD back the next day the seller ends up buying out the tenant for a bit over $3,000 and now we can move forward with the deal without the headache of a problem teanant/ picking up an eviction.
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25 July 2024 | 24 replies
So I called my agent immediately and told her I cannot proceed and no deposit was sent.The bank then called me within hours to correct themselves.
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26 July 2024 | 37 replies
Once you start adding up all these little bits, its starts adding up to a lot, and when you start compounding that over a handful of years, and using the proceeds to purchase additional properties, it can quickly snowball into generational wealth.Appreciation and equity paydown are by far and away how the majority of people get wealthy in real estate, the cashflow is a byproduct that tends to come later once you have had several years worth of rent increases.