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13 December 2024 | 5 replies
Why haven't any of the BP podcasts mentioned this?
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17 December 2024 | 11 replies
But Brandon Turner mentioned Asana is what his company, Open Door Capital, uses (in BP Episode 479). https://www.biggerpockets.com/...
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16 December 2024 | 14 replies
Quote from @John Williams: Quote from @Daniel McDonald: @John Williams like Bruce mentioned area is going to play a huge part.
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17 December 2024 | 16 replies
Aging reports would be another avenue to explore, but again, may not even have these.Lastly, while maybe this property is in a desirable area of town with strong demand from highly qualified tenants, but I get the impression this is a rough part of town, with very limited demand from tenants.
19 December 2024 | 5 replies
Actually, a friend once mentioned a unit in Eugene that had to be re-leased after a nasty storm tore off part of the roof.. it’s gritty, hands-on stuff like that which rounds out your perspective.At the end of the day, you don’t need a flawless blueprint to get started.
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16 December 2024 | 6 replies
As you mentioned, it might be difficult timing the sales of each of properties where you can achieve a combined exchange (multiple properties into 1 property / or a few properties).Just a quick note that may be helpful - I work with a group of investors that can help with a combined exchange into a single property and will buy it back once you've found a replacement propertie(s) as the final destination for your capital.
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19 December 2024 | 12 replies
As mentioned elsewhere, breakeven on cash flow is not the same as break even for taxes.Let's make some assumptions:Rental income = $1000Mortgage payment = $400 - but $300 is interest and $100 is principalOther expenses (repairs, advertising, utilities, etc) = $600Depreciation = $250The above scenario creates a break even from a cash flow perspective, however the tax scenario looks like this:Rental income minus the mortgage interest (principal is not deductible) minus the other expenses minus depreciation looks like this:1000-300-600-250 = $150 LossIf your income is over $150,000, then you cannot deduct that loss, but you can roll it over to future years.
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12 December 2024 | 6 replies
Thanks for the mention, @Michael Plaks!
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12 December 2024 | 3 replies
While the Agent mention that the seller would prefer no assignment, to which I acknowledged.
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17 December 2024 | 9 replies
Like Greg mentioned, I would be concerned with his/her responsiveness while I was living there.