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30 September 2024 | 9 replies
The IRS expects your cost seg report to be "factually intensive", "supported by corroborating evidence" and performed by a "qualified individual.”
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2 October 2024 | 15 replies
It might help you out if you're a hammer swinger type guy who can produce workmen like quality results versus homeowner DIY results.Someone who has been in this business for awhile , and brings a lot more knowledge , and contacts to the deal we'll have a lot better chance at performing a turn around on the property then to someone who is new and inexperienced.
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3 October 2024 | 46 replies
A lot of people are better at interviewing than job performance.
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3 October 2024 | 14 replies
The approval process is primarily based on the property’s cash flow, not you as the borrower, which can make it easier to qualify, especially if your rental property is performing wellAs far as terms, some lenders can go up to 85% LTV for rate term refis and aquisitions.
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1 October 2024 | 12 replies
I give all the feedback and help for free.. they just have to perform..
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1 October 2024 | 14 replies
I do a ton of BRRRRs in my market so I refinance into DSCR loans which are slightly higher interest rate but it is solely based on the performance of the property.
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29 September 2024 | 8 replies
My plan was to "self-perform" a land contract by filling out a purchase and sales agreement for a land contract that specifies I will take over the mortgage payments, get authorized on their mortgage, and be authorized essentially to fix up the property and eventually sell it on the MLS since the land contract will give me that control/equitable interest.
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30 September 2024 | 16 replies
The highest performing short-term rentals have a design eye, their photographs weren't shot by an amateur's iPhone, and they offer more than one extra that others aren't (hot tub, sauna, views...).Create a differntiated Airbnb, and you'll outperform others ... be that first page or second or third.
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30 September 2024 | 8 replies
Keep in mind any premises liability, landlord tenant, contractual dispute with a vendor that performs services in CA will be resolved in CA if that's where the real estate is owned and operated.
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29 September 2024 | 3 replies
Persistence and patience.Let's dissect this for a second.Lists work SO poorly that, in order to get a deal, you need to send THOUSANDS of mailers to COMPENSATE for the poor performance to get results.So you do, and you get a result.