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15 November 2024 | 1 reply
But I believe that if you're not violating any terms, not in a restricted industry or involved with anything deemed risky by Stripe then you're probably safe.It appears their move to Stripe is for accelerated payment processing, which is interesting since they acquired eRentPayment and Payment Report.On surface level it might be they're adding Stripe as an option on top of their existing infrastructure.
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15 November 2024 | 7 replies
It would be like charging you for a full remodel property rather than a hovel, because its highest and best use would be a swanky modern house despite never having upgraded it.Ask 2 / Costs & Risk Involved: I need to calculate the impact of what a lot split would entail.
13 November 2024 | 5 replies
Quote from @Devin Peterson: Quote from @Hassan Tejan-Kella: Hello all I'm a 6 year investor mainly involved in long term rentals.
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15 November 2024 | 11 replies
Now, we are out of the identification window so we are left with either trying to save the current deal (which involves accepting terms that weren't initially part of the deal or call it quits and pay the capital tax gains on half of the proceeds from the sale.Are there any other options that would be worth considering?
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14 November 2024 | 21 replies
I highly suggest you get involved in some of the local meetups.
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15 November 2024 | 15 replies
, not so much for the profit we are making, for all of the expenses involve that surpass our profit.
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14 November 2024 | 3 replies
Keep an eye on your debt-to-income ratio and overall leverage to avoid overextending.
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17 November 2024 | 30 replies
This is because losses in a Partnership LLC are generally considered passive or non-passive depending on your involvement, and the structure of the LLC can provide more flexibility in how losses are handled."
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16 November 2024 | 12 replies
With the cash flow number and the potential equity gain every year you can calculate your estimated return on equity - my hunch is that with $500k in equity it will not be great return.Another thing to keep in mind is that if you have lived in the current house for at least 2 of the last 5 years and it has appreciated a lot while you have owned it then you can sell with little to no capital gains (there is a limit that you may be pushing with that much equity).For those reasons I would probably consider options that involve selling.
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11 November 2024 | 16 replies
Here's the bottom line- I know that there are opportunities that do not involve fix and flip that you may be able to bring to an investor who will then decide to invest with you based on the numbers.