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25 October 2024 | 8 replies
So the weight of selection really comes down to you, what you most want to do, strive towards etc..
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25 October 2024 | 22 replies
The “CPI rate” takes effect on each August 1 and remains in effect through July 31 of the following year.
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23 October 2024 | 2 replies
It’s also a great way to leverage your investment for future projects.If you’re planning to continue with more BRRR projects, consider refining your vendor selection process to increase efficiency and cost control, and ensure your financing is set up to maximize your next deals.If you need any advice on financing strategies for future deals or optimizing STR income, I’d be happy to help!
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27 October 2024 | 13 replies
When obtaining an EIN be very careful about which entity you choose, and the start date selected.
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25 October 2024 | 16 replies
People just need to know how to effectively craft a strategy to get realtors to bring deals often enough to find one.
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23 October 2024 | 0 replies
Make it easy for them to provide their details.Anything less will waste the hard-earned money you’ve spent—even if you’ve selected the best keywords, written the perfect ad copy, and utilized every cost-efficient Google feature.In the world of Google traffic, a first impression can often be the last impression.
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24 October 2024 | 12 replies
Your note rate will be higher then the 2.75% for sure, but of course your effective rate is higher then that with the 300 dollar of MIP.
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25 October 2024 | 9 replies
This probably sounds a little like wholesaling or being a Realtor, and it is.If you don't want to spend $1,000's to build this out and take on the associated tasks, there are other, more cost effective, options.I'd recommend looking for potential deals via free (or low-cost sources) i.e. local meetups/networking, Courts (probate & lis pendens lists), Realtors, Wholesalers, properties for sale online (especially those with 90+ days on market), etc.All the best!
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31 October 2024 | 44 replies
In order to harness as much of the effects that add to your net worth you want to buy as many assets as you can, and as much quality as you can afford.It is very tempting to go into cheap neighborhoods, but especially with the old housing stock we have in the Midwest capex will exceed cash flow over time and you are not building equity.Consider your first deal a proof of concept.
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25 October 2024 | 11 replies
For example, if I wrote off $20,000 of deductible expenses for my property in my personal return and my effective federal tax rate was 25%, then I would expect the see an additional $5,000 (25%) included in my tax rebate for that year.