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7 October 2021 | 10 replies
A little bit about me:- Just finished reading "Retire Early with Real Estate"- Currently reading "The House Hacking Strategy" by Craig Curelop- Passionate about and pursuing financial independence through index-fund investing but on a journey to accelerate it through real estate investing- Born and raised in Montgomery County, Maryland but currently living in Fairfax/Northern VirginiaCurrent housing situation:- Rent-hacking an apartment unit my gf and friend- Looking to purchase my first property in the DMV area before/around next April, rent extra rooms to help offset or pay the mortgage, build up capital for the next house-hack, and repeat the process for the next couple of yearsHoping to connect with and learn more from you all/BiggerPockets in general as I get started on my journey!
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8 October 2021 | 2 replies
Does anyone have advice on how I might accelerate my growth?
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8 October 2021 | 5 replies
@Aaron Lemoine, the loan you have has in it whats called the "acceleration clause" which means if you transfer title to the property, they can make the remaining balance of the loan due immediately.
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15 November 2021 | 16 replies
Team,I’m entering into a new realm with investing and looking to offset other sources of income with cost segregation combined with accelerated depreciation from real estate professional filing status.
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27 September 2020 | 1 reply
I don't plan on ever holding or mortgaging the property especially since it won't cashflow.In my this sounds like a pretty straightforward play given the steady growth of the area's tech sector which I believe will actually be accelerated given a lot of tech companies are looking to open satelite offices in Canada due to the encouraging adoption of remote work, cheaper and abundant tech talent and uncertainty of american immigration causing a lot talent to move to Canada.The biggest risk I see is whether or not the specific property I buy will be in demand in 3 years:Who are the demographics that will actually be buying homes… not the 22-24 year old coming out of school and working at a tech companies but perhaps the late 20s to 30s folks who are settling with a partner and kids.
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28 September 2020 | 0 replies
Experts say the pandemic is less the cause of the decline in luxury rents and more an accelerant of forces already in motion in L.A.’s economy.
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30 September 2020 | 6 replies
I'm a major advocate of running all purchases through a HELOC and using a HELOC to accelerate Mortgage pay down.
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29 September 2020 | 1 reply
This would certainly accelerate my plans for financial freedom!
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1 October 2020 | 4 replies
Finding a mentor can help accelerate your business a lot when you're first starting out.
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26 October 2020 | 3 replies
As far as the solar goes, it's one or the other - 26% ITC or accelerated depreciation.