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15 January 2025 | 29 replies
I'm just in a bit of a chicken-egg situation.
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25 December 2024 | 2 replies
Again, the BiggerPockets store has some books on this topic, or you can learn about it by watching podcasts, reading blogs, and interacting on the forum.
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1 January 2025 | 4 replies
This is a complicated situation with multiple layers to consider, so here’s my take based on your questions:If you’re looking to move assets from the partnership into individual LP (Limited Partner) names while avoiding capital gains, you’ll need a strategy that complies with tax regulations.
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2 January 2025 | 11 replies
I am in similar situation and would love to connect?
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26 December 2024 | 9 replies
Then you can take them off-site yourself so you have time until the next changeover or create another option for the cleaners that they go back and finish the sheets and store them so their changeovers will be easier as well.
29 December 2024 | 9 replies
With actual cash, you just transfer it. yes, but you can still bid with lender approval - without appraisal contingency - you send in deal (app), it gets approved by lender its functionally the same as cash (except in true lightning speed situations where there is a quick auction with little time to prep but thats generally pretty rare I'd think)Right, but that's not cash or functionally the same as cash because the lender can change the terms at the last minute, as often happens with less experienced hard money lenders.
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31 December 2024 | 10 replies
This led to a nearly $3,000-$4,000 bill for new installations until I clarified the situation and found that the unit already had hookups.
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2 January 2025 | 5 replies
With fully paid-off properties and significant equity, your options are wide open.I had a friend in Connecticut who ended up investing in Phoenix and he was in a situation much like yours - an inherited property and equity to work with.
31 December 2024 | 8 replies
I’ve consulted several different people and they have told me in my situation as an investor expanding their portfolio it makes more sense to keep the extra cash as opposed to paying down rentals.
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29 December 2024 | 1 reply
I will return to this situation in the end of this post, but first let me show you why the age of a person can be tricky when it comes to the IRS.