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21 January 2025 | 18 replies
@Joe Gellenbeck Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?
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19 January 2025 | 6 replies
Thanks again for your reply and I learnt something new today.
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19 January 2025 | 8 replies
For example, if this market appreciates (or has) at 2% per year, in 9 years the property will likely be worth 18% more than it is today.
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23 January 2025 | 52 replies
The discussions we see repeated today differ from four years ago because the market has changed.
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12 January 2025 | 1 reply
Together, the property nets us roughly $1,400/month after expenses.Equity Split: My partner owns 60%, and I own 40%.I'm exploring ways to take out my equity without disrupting this deal, as I feel this isn't the best financial decision for me right now.
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13 January 2025 | 7 replies
Bigger Pockets is a great place to find a real estate tax accountant.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
9 January 2025 | 0 replies
As firefighters persist in battling the blazes, many residents are left assessing their financial and emotional losses.
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14 January 2025 | 15 replies
I believe such plans are offered by specialty divisions of the mainstream financial services providers like CIBC & RBC.
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15 January 2025 | 10 replies
For my units, I usually look for someone with annual income 40x the monthly rent so I know they are financially secure.
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13 January 2025 | 2 replies
FHA gets a bad rap because sellers and many agents think it's only for people who don't have the money so if I had 20 percent, but wanted to use FHA, I would present a proof of funds with my offer showing I have more money, but am using the FHA as a financial option so I can get an investment property as well somewhere else.