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12 February 2025 | 27 replies
If you are prepared for the costs involved and the modifications needed to the property to make the basement unit conform, the pay off of creating an extra rent producing unit is huge.
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23 January 2025 | 31 replies
Also, don't forget that, if you pay taxes, it means you're making a profit.2.
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27 January 2025 | 15 replies
Be sure to: call & verify employment references, request pay stubs to confirm income & check rental history by contacting the previous landlords.Keep the momentum going!
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25 January 2025 | 15 replies
Their "Titanium Service" does NOT mean anything, other than they would ask you to pay $10K to sign up for it.
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29 January 2025 | 2 replies
My two partners are willing to pay their share, but they’ve also offered me the option to take over the property completely since the loan is in my name.Here’s my dilemma: If I keep the property and rent it out, I could get around $2,300 in rent, but my mortgage is $3,300 at a 7% interest rate.
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3 February 2025 | 9 replies
I pay professionals for help and can do basic tasks on my own without free labor.
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25 January 2025 | 2 replies
A good deal for a retail buyer is something they can pay for which has most of the amenities and location they want.
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1 February 2025 | 4 replies
One didn't make your list.1) I see people all the time raising money for real estate deals but they call it a partnership either because they are ignorant of the law or they are trying to avoid paying for all the legal work.
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22 January 2025 | 4 replies
Quote from @Edgar Duarte: hi allI would love to get some perspective from your expertise, we have a property that we would have to sell in 2025 to avoid paying taxes on the capital gains, we believe we rcan sell it for $700K and get an equity of almost $500K after paying the mortgage balance, if we invest all of it option in index funds at 7% rate (standard com growth calculator), or in more rental properties as we are all here for, I can get the equity of around $900K.option B would be keep paying the house at 2.3% int rate while we have it in AirBnB and maybe sell it in 10 years for $900K, knowing that we would be paying taxes but it is not that bad still. or we can 1031 at that point?
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29 January 2025 | 15 replies
Thanks, it all sounds good as long as I can avoid paying hefty taxes and generate cash flow.