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28 August 2024 | 10 replies
Corporate Veil: Courts tend to respect the corporate veil (the legal distinction between the LLC and its owners) more when the LLC is properly formed and operated in the state where the property is located, reducing the risk of personal liability.4.
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26 August 2024 | 13 replies
I'm open to anything and have only stated that I can be proactively involved in the business to reduce operational expenses.Buying some properties for an Airbnb kind of business can be one example of such, as long as one knows from experience that it yields better than the standard 1%.
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27 August 2024 | 10 replies
Net income is calculated after accounting for deductible expenses like mortgage interest, repairs, and depreciation.Depreciation is particularly important because it’s a non-cash expense—it’s a paper expense that reduces your taxable income but doesn’t actually require you to spend cash out of pocket.
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27 August 2024 | 12 replies
Now, a buyer agent, can greatly reduce their workload with a buyer by qualifying the buyer and being as detailed as possible to better target what the buyer is looking for.
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27 August 2024 | 11 replies
Our understanding is that the right structure could help us manage and potentially reduce our W-2 tax burden.
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28 August 2024 | 5 replies
We also tiled the entire first level because the property is partially built into a hill and this would help reduce moisture issues.We also added a stacked laundry center by the front entrance.
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26 August 2024 | 3 replies
For many, it might lead to longer hold times since the tax deferral incentive would be gone, possibly reducing real estate activity overall.
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28 August 2024 | 18 replies
As once they start reducing the Fed Funds rate, prime will come down and so will interest costs on HELOCs.
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27 August 2024 | 2 replies
It ensures that borrowers are purchasing properties that have the potential to cover their expenses with rental income, reducing the risk of default for both the borrower and the FHA.
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26 August 2024 | 4 replies
@Nathan Gesner To build on this conversation and break down the details for Bobby and others (and please correct me if I'm worn here Nathan), I’ve analyzed the numbers and realized that unless you purchase a property at a very low price and/or pay in cash, financing can significantly reduce your ROI.