2 October 2024 | 28 replies
We've done something similar by offering local coffee, tea, snack baskets, bottled water, local pastries, and seasonal flavors (pumpkin spice, peppermint, gingerbread, etc.) which have been a big hit with much less risk involved.
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29 September 2024 | 0 replies
My unique approach combines deep market analysis with a strong network of motivated sellers, ensuring you access the best deals before they hit the mainstream market.I’d love to know more about your target market areas and buying formula.
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30 September 2024 | 7 replies
With non QM, lowest downpayment is 10% but you will be hit with a high rate.
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29 September 2024 | 12 replies
You could pull out cash tax-free and still benefit from depreciation and other deductions on the rental side, which could reduce your tax liability.Quick Tax Comparison:Selling:Capital Gain: $160,000Tax Due: ~$32,000 (at 20%)Net After Tax: ~$128,000Refinancing:Loan Amount: ~$263,500 (at 62% LTV)Tax Impact: None on the cash-outRental Deductions: Continue benefiting from depreciation and mortgage interest deductions.Refinancing offers liquidity without the immediate tax hit and lets you maintain rental income, making it potentially more advantageous.All of these are rough numbers of course, but just some different ways to think about it!
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30 September 2024 | 17 replies
To my understanding, there has been a surplus of inventory hitting the market as of late, making for a strong buyer's market.
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29 September 2024 | 9 replies
Tenanted properties are extremely challenging to sell and the recent change in notice period has made that worse in BC.You are in a tough spot either way, only you know your financial situation and your numbers.Even after renting it'll not cover even the mortgage interest, let alone other costs.Another alternative is to never sell and keep drawing some cash out of it by refinancing when the interest rate hits a low.
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29 September 2024 | 13 replies
Best decision I ever made. they went on to basically lose the portfolio as 2 steps one back.. theft non pay trashed units.. simply not a sustainable model.I then switched to no debt A class only takes a few of those to hit that magic 10k a month NET cash flow with basically zero drama.. and only a handful of props to manage .. owing 50 houses has major work load if they are section 8..
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1 October 2024 | 11 replies
Some buyers if they get hit for 25 to lets say like 75k on your deal it could wipe them out and they only learn of it after the fact no putting the genie back in the bottle and NO wholesaler is going to say sorry let me give you my fee back.
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30 September 2024 | 8 replies
@Basit Siddiqi hit the nail on the head.
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28 September 2024 | 8 replies
So yes, you can keep refinancing and acquiring properties without worrying about hitting a loan limit.