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20 November 2024 | 45 replies
Affordability is about 1:3So yeah on the surface it looks like a big difference, but there's a lot of things not controlled for in the stats- There were a crazy amount of houses built in the years just after the war, so housing stock was easy to come by everywhere;- Homes had nowhere near the kind of features they have now - 2 car garages, dishwashers, OTC microwaves, W/D hookups, high efficiency windows, central heat & air conditioning, etc - all those doodads and niceties drive up the cost of housing;- Fewer mortgages were 30 year, so homeowners had to pay (relatively) higher monthly payments;- Rentals were almost exclusively apartments, so there was more supply for buyers;ETCI think these things tend to be more stories that make for good press but aren't really that grounded in reality overall.
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14 November 2024 | 25 replies
Those who do understand it aren’t struggling.Here’s the common flaw: people think a circumstance equals motivation.Foreclosure = motivatedTax lien = motivatedAbsentee owner = motivatedThat’s just not true.Motivation is an emotional response to a circumstance, not the circumstance itself.Let me give you an example.
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13 November 2024 | 9 replies
You aren't going to get any of that information in advance of making an offer, outside of what they are providing which is usually a little slim.
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13 November 2024 | 2 replies
It's clear wholesalers aren't seen in the best of light, but many investors still use them.
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13 November 2024 | 8 replies
If you aren’t earning as much from STR then MTR might be the way to go.
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14 November 2024 | 6 replies
If you aren't already aware of the tax benefits of Airbnb you'll want to explore this.
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17 November 2024 | 13 replies
In my experience, I walk away from deals that don't seem right, because many times they aren't.
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11 November 2024 | 12 replies
This may be why I've only seen this in pitch decks, and not actually seen it happen in real life.In the US, the SEC has both allowed and authorized the type of liquidity I've described in my last post for decades in what's called the "closed interval fund" industry.
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14 November 2024 | 5 replies
Off-Market Deals: Connecting with wholesalers or investors who focus on off-market properties in OKC can help you find deals that aren’t listed on the MLS.
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13 November 2024 | 10 replies
While the IRS does not mandate a physical site visit, the IRS cost segregation audit technique guide (ATG) does suggest conducting “field inspections.”It’s important to note that the ATG is not an official IRS document.It serves as a guide and cannot be used, cited, or relied upon as an authoritative source.However, the recommendations in the ATG are worth considering.According to the guide: “A field inspection is recommended to document the physical details of the building, type of construction, materials used for construction, the assets contained in the building, the size and types of building systems, and any land improvements that were included in the purchase of the property and the condition of that property at the time of purchase.”So while the IRS does not require a site visit for cost segregation studies, following the guidance from the cost segregation audit technique guide can be beneficial.There's this thing called Hierarchy of Tax Authority that CPAs and Tax Attorney's reference.Let's not get too carried away with comments like, It serves as a guide and cannot be used, cited, or relied upon as an authoritative source....