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26 August 2024 | 3 replies
You asked about a property you have listed for sale and property taxes that are coming due and the consequences of not paying them until the property sells.Generally, the local taxing authority will impose an interest penalty on any unpaid balance after the due date with a long grace period before you would have to worry about unpaid property taxes affecting your ownership of the property or your ability to sell.In all likelihood, the property taxes will become a part of the closing and will be deducted from your proceeds at the time of sale.By the way, property taxes are always in first lien position ahead of any other debts like mortgages.
30 August 2024 | 70 replies
$20,000 for 2 generations is $10,000 for each generation that's cheaper legacy than Harvard or some other guru ..... or the ability to pay off mortage and student loan debt to save $50,000 in interest - that's nearly 3x the cost of the education in return for your money.
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25 August 2024 | 15 replies
This has the elements that the Koehler lady was talking about.
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26 August 2024 | 4 replies
This will allow you to purchase properties with your HELOC and have the ability to access the equity quickly to pay off the HELOC.
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28 August 2024 | 32 replies
They allow new investors to learn from experienced ones in a structured and safe environment.One of the key benefits of such programs is the ability to participate in deals alongside more experienced investors.
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26 August 2024 | 9 replies
I can't say whether or not hiring a property manager would be better for you - not sure where you live and if you have the ability to find maintenance/repair people in OK easily or not.
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26 August 2024 | 24 replies
Focuses on the property and its ability to pay for the debt via the rental income.
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23 August 2024 | 3 replies
Curruthers illustrates how trust, communication, and mutual respect are essential elements in fostering these connections.
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26 August 2024 | 13 replies
Hello all,I'm seeking advice on achieving a higher ROI in real estate investments beyond the 1% rule and maintaining around 35% of monthly operational expenses (including Cap-ex, maintenance, property tax, and vacancy).To the best of my knowledge and abilities, the 1% rule with 35% operational expenses seems to be the best I can achieve today.
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25 August 2024 | 6 replies
Every state has a unique set of laws and regulations regarding the foreclosure process, so your ability to succeed will depend largely on where you're operating.Also, all three of these require advanced skills and background, so I wouldn't necessarily start here.That said, if you do then be sure to get top-notch training and complete deal documentation from folks who have seen at least one full real estate cycle.Rather than specializing so soon in your real estate career, I would instead recommend just getting in front of as many real estate owners with problems.Just getting really good at talking (and listening!)