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9 November 2024 | 1 reply
I can however purchase the house cash for $30,000 without having any title work but of course take the risk on of someone potentially claiming their stake (the odds of this seem very low).
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14 November 2024 | 30 replies
LTR:The STR loophole can be a huge tax advantage because you can use depreciation and other expenses to offset your regular income, which is a big win.
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11 November 2024 | 36 replies
A regular GC might be able to assist with the remainder or all of the work to include foundation.
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12 November 2024 | 10 replies
Posting claims like that can really impact the trust we work hard to build.Best of luck with your future endeavors, Jasmine.– Kai Andrew
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2 November 2024 | 8 replies
Then right before closing, they ran the county records and said they can’t do a HELOC on a home I don’t personally own, and I would need to do a quit claim deed and put it back in my name to get the loan approved and then can do another quit claim deed to put it back under the LLC that it’s currently operating under.
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8 November 2024 | 19 replies
I accept them and mitigate the risk by (a) screening the animals, (b) having a solid set of rules that are quickly and fairly enforced, (c) regular inspections, especially for cat units, and (d) charging a monthly pet fee.Let's say I have five single-family homes.
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9 November 2024 | 7 replies
This has become a recurring issue.I'm also unable to enter the property with notice because she claims there are minors in the home.
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7 November 2024 | 3 replies
The plan is to: - Make regular payments on the seller-held mortgage for the agreed-upon term.- Pay off the balloon payment at the end of the term.- Immediately refinance the property with a traditional bank mortgage to pull out a significant portion of equity.
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12 November 2024 | 18 replies
I could sell my entire portfolio of 28 doors and pull the leverage lever OR I could sell this 14 unit and pay for something in all cash and do a lazy 1031 exchange, or do a regular 1031 which puts more pressure on the time frame.
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8 November 2024 | 38 replies
I am not sure I've ever seen where the tax writeoffs are different for STRs than they are for MTR's or LTR's in terms of writing losses off against your regular income.