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21 October 2024 | 0 replies
Before I looked at the deal, here's what I asked from him:The purchase and sale agreementRehab breakdown documentation2 HUD statements of previous dealsDeal info (Property profile, funding, security, repayment plan, etc.)Title company involved in the transactionWhat I also asked for was a term sheet from the hard money lender that was lending at first position.
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24 October 2024 | 12 replies
This could lead to significant tax savings, especially if you're actively involved in the management and operations of your properties.Additionally, starting a property management company would allow you to deduct a wide range of business expenses related to managing your properties, such as office supplies, travel, marketing, and payroll (if you hire help).
21 October 2024 | 1 reply
Unfortunately, the perceived excessive costs involved in purchasing real estate can intimidate aspiring residential real estate investors.
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19 October 2024 | 7 replies
Applying for Section 8 housing assistance in Michigan involves several steps.
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23 October 2024 | 19 replies
House hacking involves specific tax strategies like depreciation, expense allocation, and potential rental income reporting, especially since you’re in a different state from the property.You cannot just claim the house.
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20 October 2024 | 3 replies
As mentioned, your best bet is to get an adjuster to try to assist on working with you to maximize the amount received.
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20 October 2024 | 10 replies
I bet the numbers look a fair bit better than here, I would hope.
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22 October 2024 | 14 replies
However, if you are an investor involved in multiple cities, you might prefer a lender who is licensed in various locations.
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25 October 2024 | 66 replies
Atlanta area "pastors" involved in real estate... that's a whole different story in ethics.
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21 October 2024 | 14 replies
I set my tenants up on Zillow and they put their info in directly so I don't have to get involved with their bank at all.