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18 August 2024 | 3 replies
What my accountant did is, she declared most of these as Capital Expenditures, then she turned around and depreciated them in one year per the 2017 tax cuts and jobs act.
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18 August 2024 | 5 replies
Would it be better for me to go with cheap windows or is it possible for me to buy windows myself and have somebody install them and just cut out the middle man?
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19 August 2024 | 42 replies
You pay thousands of dollars up front to join the community and get access to Pace's own lines of credit with which you can lend on a number of different kinds of deals (Pace takes a fee on each one, of course) and take a cut of for yourself.
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17 August 2024 | 6 replies
An IRS lien, code violations (weed abatement, grass cutting, boarding windows-doors, and demolition costs), HOA fees, water- sewer bills all go along with the property providing the property has any of these.
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15 August 2024 | 10 replies
If you just look at a place with no jobs and everyone has to drive 10-20 miles to work, these can be problematic if fuel prices rise or there is a recession.
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16 August 2024 | 5 replies
Due to higher taxes and home insurance rates, our cash flow has literally been cut in half.
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17 August 2024 | 16 replies
Focus on saving for down payments, cutting expenses, and maintaining good credit behavior.
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20 August 2024 | 452 replies
We are just refinancing a loan.Here’s how it works: You create an LLCYou buy a homeYour LLC gives you a loan for the homeYou file the deed for that loan at the county courthouseYou use the money from the LLC to buy and fix up the propertyOnce the property is completed, your conventional lender comes to refinance the loanYour conventional lender runs title and sees there is a loan.Your conventional lender refinances you into a new loan, and cuts a check to your LLC…a check in the amount of 75% of the value.
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16 August 2024 | 19 replies
I finally found one at 20% higher than I was paying, but with a higher deductible and greatly reduced coverages (loss of rent from one year to 3 months, liability from $500K to $300K, everything else cut or excluded).Personal opinion (I work in insurance) and those of pretty much everyone I've spoken to in the industry feel we are at least a few years away from anything softening.
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16 August 2024 | 4 replies
Correct me if I’m wrong, but reaching out and saying “Hey, I know of this undervalued property and have comps” isn’t going to cut it.