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2 September 2024 | 13 replies
You likely need to estimate taxes to 2025 levels when your house gets reappraised to purchase price which is what your escrow will be in 2026.
1 September 2024 | 2 replies
Rental 1 - Cash flow Breakeven - rate 3.875% - 20-25% equity (not looking to refi)Rental 2 - Looses about a few hundred a month - rate 9% looking to refinance soon to 6.9% but debating on waiting until rates drop further - 5-8% equityPrimary - currently at 7.25% waiting to refi to 5.5-6% - about 5-10% EquityMy current net worth breakdown is approximately...Real estate 39%Cash reserves 7.5%Brokerage 30%Retirement 17.5%Other 6%
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31 August 2024 | 3 replies
The security deposit is approximately 10% of total repairs so it won't cover most of the damages.
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2 September 2024 | 5 replies
No matter how many times you have explained the benefits, sent multiple estimates, and followed up with a client, they still go somewhere else.
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3 September 2024 | 5 replies
Thanks Matt If it is legal, analyze your area to estimate the income to see if it makes sense for you.
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3 September 2024 | 7 replies
Always use a new estimate/quote.
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1 September 2024 | 5 replies
Per this NY Times article, the average American knows around 600 people.https://www.nytimes.com/2013/02/19/science/the-average-american-knows-how-many-people.html#:~:text=The%20average%20American%20knows%20about,do%20you%20know%20named%20Kevin%3FPer the US Census Bureau, the average American moves 11.7 time in their life, which based upon an approximate lifespan of 84 years, works out to be about every 7 years.https://www.census.gov/topics/population/migration/guidance/calculating-migration-expectancy.html#:~:text=Using%202007%20ACS%20data%2C%20it,one%20move%20per%20single%20yearSo, if the average American knows 600 people and they each move about every 7 years, that means that the average American knows around 85 people that move in any given year.How many of those moves do you want to be involved in?
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31 August 2024 | 0 replies
I purchased this property as a primary residence with a VA loan and lived in it for approximately 2 years prior to renting it out.
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30 August 2024 | 29 replies
@Will MejiaFor taxes: the first step is to pay an accountant specializing in real estate to estimate your tax hit.