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17 December 2024 | 42 replies
Can you explain this section in more detail?
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10 December 2024 | 3 replies
However, it’s important to ensure the area is safe. in those areas I would recommend checking local crime statistics on SpotCrime. you can use this link for an example,to get detailed information: https://spotcrime.com/map?
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9 December 2024 | 2 replies
.✅ Investors - Keep detailed records of ALL rental property expenses to reduce your taxable income - helping your CPA spot additional tax saving opportunities.Imperative to use a CPA who is well versed in Real Estate tax code.My CPA is just that - DM me to get his contact information....
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3 December 2024 | 2 replies
I'd love to utilize their expertise when assessing a property since they are local but I'm not sure what the general expectation is when I don't have a tangible property and I have not entered into contract to work with them yet.Some questions I have are: local regulations/permitting timeline, property's potential from their perspective, landscaping/amenities cost estimate (they also help facilitate this).
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8 December 2024 | 28 replies
My initial guess would be look at 1 bed 1 bath rentals in the area but is that the best way to estimate?
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9 December 2024 | 1 reply
Architecture did a design and well respected contractor estimated the buildout of 4 plex would be an additional ~800k for total project cost of ~1M. it would be ~1.2M for the 7 plex.
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6 December 2024 | 5 replies
I can disclose the property address and details if you would like to chat.
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18 December 2024 | 24 replies
Proximity is a plus for managing the property, but make sure to run detailed numbers to confirm the cash flow and long-term potential align with your expectations.
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18 December 2024 | 45 replies
.: I would personally ask for a price decrease based on whatever estimate they got for the installation of that equipment (assuming you can get a loan without those things - depends big time on the bank - my local banks would do it for me).
13 December 2024 | 15 replies
Consulting a CPA is a must to navigate these nuances.Double-check these details with your lender and CPA to avoid surprises and keep scaling smoothly.