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11 April 2024 | 10 replies
The word "and" is carrying a lot more weight in this definition than they want to acknowledge.
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10 April 2024 | 1 reply
Asking is $1M-current loan is $650k)The sellers want to avoid carrying the balance $350k balance, even though the simplest thing is if I could make amortized payments on the balance.
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10 April 2024 | 8 replies
If they've been on there longer, you can inquire about a seller carry option to give them a bigger yield on their sale. 4.
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9 April 2024 | 10 replies
this is what my cpa said, "Your income above the limit which is less than 150K in order to take rental losses which again are limited" In your case, you are carrying forward the losses towards 2023 taxes as shown on page 5/95 of the return and as far as the income limit form 8582 page 83/95 has a detailed breakdown for you
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10 April 2024 | 11 replies
So it should theoretically carry forward indefinitely until the financial benefit has been used up.
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9 April 2024 | 5 replies
If the seller is willing to carry In second position, the lender will finance 70% and the seller can finance 20%.
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9 April 2024 | 6 replies
The companies you mention have been around for a while and have stood the test of time.They have stood the test of time in a niche called "turnkey real estate" that has always carried a stigma.So I think that speaks volumes of their quality 👍Nobody is perfect and those that work hard, will eventually make a mistake.As long as the mistake is an "honest mistake".And being a turnkey provider myself for 10+ years now I can sure say that some investors can be a true pain in the A$$ and it feels like they look for drama/issues intentionally instead of smooth sailing lolWith that said, I suggest doing your online research and reaching out to the one that tickles your fancy the most.And then go from there.Wishing you much success.
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10 April 2024 | 7 replies
You started off with a BAD Contractor and a BAD tenant...Just learn from the mistakes (as you are) and carry on, Make back your losses and tell us your success story next time.
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10 April 2024 | 38 replies
Rhino carries a HUGE risk on the assumption the tenant will keep making monthly payments w/o any security for the landlord if they do not.
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9 April 2024 | 13 replies
Not carrying water for State Farm here as I have plenty of issues with them but a slow leak is often not covered under any insurance policy.