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11 October 2024 | 30 replies
You want to target homes/markets where %15-20 of the purchase price in yearly revenue in possible.
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14 October 2024 | 31 replies
I think I am learning that I probably should have said rent-ready and not turnkey, but I think you have answered the subtle question I was asking which is, is it possibly worthwhile to invest in properties that give you only one type of revenue (paying down the mortgage) and maybe don’t give back the cash immediately for the next investment?
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15 October 2024 | 14 replies
I work in their retirement plan services business, and the biggest regret I hear from folks in their 40s-60s is that they didn't start saving early on in retirement plans.
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15 October 2024 | 26 replies
Generate the most revenue for them.2.
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14 October 2024 | 7 replies
I experience behavior like this every day.You may not like what I have to say.It seems that the biggest problem was how you managed the process.
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12 October 2024 | 10 replies
Second, I'd like to manage each property to make some cash flow to cover my 2 biggest expenses which is housing (covered by house hacking) and transportation.
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11 October 2024 | 2 replies
Assembly Bill 1771, also known as the California Housing Speculation Act, aims to change real estate tax policy to discourage investors from quickly reselling properties like single-family homes.Under the proposed bill, an additional 25% tax would be imposed on the gain from the sale of a qualified asset (including homes) within three years of the previous sale.The tax reduction is dependent on the number of years passed since the initial purchase of the qualified asset, ranging from a 20% reduction for sales occurring between 3.01 to 4 years to a 100% reduction for sales occurring more than seven years after the initial purchase.The revenues generated by this tax increase would be deposited into the Speculation Recapture Community Reinvestment Fund, which aims to support affordable housing, local governments, schools, and infrastructure projects.The bill is introduced by Assembly Member Ward, and the proposed tax changes would take effect from January 1, 2023.Assembly Member Ward argues that short-term investors in the market, including fix and flip investors, contribute to rising housing prices, limiting opportunities for Californians to purchase homes.While the bill may discourage short-term speculative transactions, it is worth noting that California's tax laws still provide certain advantages for investors, including unlimited tax write-offs and depreciation benefits.The bill is subject to legislative approval, and Assembly Member Ward will speak publicly about the bill at the San Diego County Administration Center on a specified date.Please note that this is a simplified summary of the bill and its potential impact on fix and flip investors.
15 October 2024 | 69 replies
I started investing with him at the beginning of 2020 and so far, my average annual return has been 2.6% with the biggest portion of that coming from the PEP fund.
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13 October 2024 | 5 replies
If your looking for the least amount of risk and biggest bang for your buck I would look for a company that is a reputable turnkey provider thats actually in Detroit and offers things such as an efficient boots on the ground team, all sorts of established local relationships, solid in-house management, an operation that is highly skilled and well versed in section 8, a company that has proven relationships with both out of state and local lenders.
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13 October 2024 | 16 replies
Maybe you are crushing it so much it is now your main revenue driver.