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12 January 2025 | 3 replies
Live in one unit - It's a great strategy when using a bank for financing as the down payment and interest rates are more favorable to owner occupants.
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25 January 2025 | 12 replies
I do understand how PM can handle all the hassle, but I would appreciate if someone could provide me an insight with 'self-managing' as I already have found abundant resources around using a PM!
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14 January 2025 | 7 replies
@Brice Alef-Torrisi To manage finances for multiple properties, maintain separate bank accounts for each property if held under different LLCs to avoid commingling, which could jeopardize liability protection and complicate tax deductions.If properties are under one LLC, using a single account is fine but requires detailed record-keeping for each property.
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13 January 2025 | 21 replies
@Dalton Foote I have had tremendous success using direct mail and mailing the owner of record where the tax bills get mailed to.Generally, property management companies don’t pay the real estate taxes so this gets me right to the owner.Targeting wise, I would just do a zip code filtered by unit count using a service like listsource.
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13 January 2025 | 7 replies
Using a large RV or boat for business purposes offers potential tax benefits, but it's essential to navigate IRS regulations carefully.
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6 January 2025 | 5 replies
His name is Dalton Godson with Nexa Mortgage and we're using a UWM product.If you’ve found a lender willing to work with smaller loan amounts, what were their requirements and rates like?
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11 January 2025 | 4 replies
After selling one and using a 1031 exchange to buy a fourplex in Chicago, he reduced his interest burden by 20% while boosting his net incomes by $1,500 per month.
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18 January 2025 | 15 replies
And i found launch control but the minimum is $500 a month, but they use cross-referencing data across sources to find the most accurate contact information by using a person's name and address to find their phone number, real address and email by accessing public databases, phone number directories, credit reports, utility bils, public tax records, and social media profiles. this is waaay expensive for me as a beginner. what do you suggest or if anyone has any suggestion I'd greatly appreciate it.??
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5 February 2025 | 10 replies
I bought my first two rental houses with a combination of using a HELOC on my primary and using my retirement $.
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16 January 2025 | 8 replies
You’re not using a PM, AND you’re assuming you can charge a service animal a deposit and pet rent?