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13 July 2020 | 5 replies
(The Wall Street Journal, in the last 12 months, has had articles, that real estate in Florida, which is a goodly number of feet, above sea-level, is now selling for high prices, & intended to be built on, by the wealthy, as refuge from the rising expected ocean, which surrounds Florida.)
4 August 2020 | 36 replies
Be ready to jump to a new management company.I am now using two management companies (each managing different properties), essentially to have redundancy in case (when) one of them stops functioning at an acceptable level. I
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6 August 2020 | 4 replies
Any AOS can be found online or with a local attorney.
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5 August 2020 | 12 replies
Now the secondary question that may indicate a superior skill level is: is the market bearing the filter?
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13 August 2020 | 8 replies
If the occupancy level is low, the sellers will think in terms of Cost to build, versus revenue stream/NOI.
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13 August 2020 | 25 replies
Investing in real estate at the individual level is a bit more esoteric (which leads to market inefficiencies) and allows you more control over the asset.
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12 August 2020 | 5 replies
Otherwise include a contingency as others have said that leases will be provided to you within X amount of days of both parties signing AOS.
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16 August 2020 | 11 replies
Before, given my status and revenue level, I would call and speak with a high-level rep who would ask the right questions and would understand the situation from both sides and make a fair judgement.
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18 August 2020 | 67 replies
Having a number in mind is totally reasonable, and discussing strategy, especially at a high level, is a really worthwhile aim for these forums.As an aside, my goal is $25K/month in ten years.
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20 August 2020 | 78 replies
That is $700,000/year, your wealth tax on that building is $20,000/year, you pay federal taxes at 37% on the profit that property produces, say that is $500,000/year in profit, your tax bill for the federal level is $185,000 plus the state tax of 13% which is $65,000.