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26 December 2024 | 13 replies
.- Most contractors will cut corners, or worse, once they figure out they won't be watched closely:( Your job will also go to the bottom of their priority list.Monitoring progress is relatively easy: hire that same inspector to go by weekly or before any payments to take a VIDEO of:1) What was done2) Quality of workmanshipOne other thing you didn't ask about, payments to contractors.- They all want 50% down or as much as they can squeeze out of you.
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21 December 2024 | 6 replies
Hi BP community,I’m relatively new to wholesaling and currently have two properties under contract with the owner.
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23 December 2024 | 7 replies
For example, theirs is relatively less maintenance and comps are easier to find.If you're looking to maximize returns, typically SFH and multi family would yield better returns and wouldn't have the risk of HOA fees increasing.
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20 December 2024 | 3 replies
Alternatively, do the risks outweigh the benefits of $500+ cashflow plus 30% day one equity and less than 2k out of pocket?
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20 December 2024 | 20 replies
Quote from @Ian Ippolito: Quote from @Michael Plaks: Quote from @Ian Ippolito: Quote from @Rud Sev: 3) Unless you're doing a 1031 exchange at the end or similar tax structure to defer taxes, you will have to *pay back* all that depreciation benefit at the end (on sale...which for you is in 5 years) via depreciation recapture.
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3 January 2025 | 26 replies
This change benefits consumers and aligns with more efficient real estate markets seen in other countries.
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19 December 2024 | 50 replies
Since it's trust ownership, there are some additional benefits.
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20 December 2024 | 12 replies
That feature is bundled in a Resident Benefits Package I have as an addon through Second Nature.
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25 December 2024 | 11 replies
People still sleep on the area and it is very close to Nor CA but has a lot of different benefits with similar appreciation.
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11 December 2024 | 0 replies
This is especially important when owning rental properties or managing flips because it minimizes your personal liability.However, many people stop at forming an LLC without considering the potential tax benefits of electing S-Corp status.