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26 October 2022 | 20 replies
So after a strategy talk, I sold his 7 unit & 4 unit and found him off market two large commercial properties with triple Net leases in place so he can stop managing rental units and just collect money while his loans went from about 1 million to over 2 million, building wealth really fast.If you wonder why I am mentioning the mortgage amounts, is because with the inflation and tenants payed equity, the more you own and the large mortgage amounts, the more you depreciate for tax brakes, the more you get to appreciate and the more tenants pay off, growing your equity very, very fast.Story no 3.
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13 November 2018 | 13 replies
@Martin SaenzI agree with a lot of what you wrote and would like to add That I think the process is a little more fluid as with notes most people don’t know what they don’t know.
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25 November 2021 | 5 replies
Otherwise, you'd change the oil & brakes in your car, brakes, cut your own grass, etc.Having learned though, that some owners are diehard DIY'ers and will throw their time away, here's what you could do:Showings: either do your tech way or hire agent as @John Warren suggestedTasks: see if you can find a desperate agent you can pay hourly to be your "go'fer"Maintenance: use online services to addressThere are pro's & cons with all of the above, but guessing you will stubbornly ignore them.Good luck!
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21 July 2023 | 26 replies
By tapping the brakes a little I turned a $130K tax bill into a $7,000 tax bill (depreciation recapture only).
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17 May 2023 | 9 replies
Being cash fluid also allows you to pull the trigger on other down payments if an opportunity presents itself.
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7 November 2020 | 8 replies
You’ll want to make sure that the investments you make add to your goals and don’t become a distraction or a financial speed brake.
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15 February 2022 | 3 replies
But commercial is a fairly fluid term.
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21 November 2023 | 4 replies
Converted a garage into a bedroom & bathroom, added a below ground pool, ADU/mother in law suit, raised the overall construction C2, C3, C4.Just be careful on what you spend versus what you want to get back because most kitchens are like brake pads at some point it's just a required replacement.
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18 July 2021 | 0 replies
But do you have the stomach, can you control the risk, developing will take about 3 years from seeking land to full occupancy thus lost cash flow, financing is tougher and fluid, Interest rates will be different in 3 years, etc.
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9 February 2024 | 26 replies
Some of our investment properties that are AirBnbs today may become our American homes for couple of months per year each as when our kids are all entering school we would like to be more fluid.