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9 August 2024 | 7 replies
Hey Olivia,I am a loan officer and RE investor myself.
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10 August 2024 | 2 replies
I like the mechanics garage one could also take massive cost seg on all that equipment.. and same could be done with doctors office.. i did that with a dermatologist a few years back and it has worked out great helped young doc walk right into a functioning practice without her having to go borrow hundreds of thousands to outfit a shell..
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9 August 2024 | 4 replies
Also their offices are within a few miles of my property so it's much more convenient.
12 August 2024 | 22 replies
Any advice is greatly appreciated :)Get to know one developer socially that you get along with well.Share your interest in the business.Seriously, meet for a coffee seems really (W2)....probably isn't the best thing.If you are (W2) your wage slave hours might conflict with the business hours of your intended teacher.But seriously, meet for a coffee with your carpenter, landscaper and close friends.I think the best way to learn is to hang out together as friends with a mutual interest, but if you are (W2)-ing all day...that leaves no hang out time.Go to a 2.5 hour lunch on a moments notice, hang out together in the office, go look at sites together....What is a finance professional--a lender, a CFO, an accountant, a spreadsheet guy running calcs, a statistician, etc???
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10 August 2024 | 10 replies
It as has a newer model home onsite a business is renting as an office.
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11 August 2024 | 99 replies
LLC orS-Corp.Don't be in the wrong type ofentityFirst – Asset protectionbenefitSecond – Tax savings benefit Rental Real Estate – 1031(same in LLC or personal name)Syndicate - 15% or more in taxsavings, self-employment tax (flippers may use this) Expenses for write off &deductions: equipment & appliances, home-office ($5 per sq ft.), travel costs (related tobusiness), kids (income shifting by payingthem to work for you, meaning business related), membership, conferences &education, meal expenses for business, retirement strategies (selfdirected investing, tax-free or tax deducted, 401K/IRA)depreciation Pro-active Planning / Get a taxadviser Talk to your tax adviser inadvance Fire OutOrganize expenses, listquestions, changes (buy, sell, etc. properties.)Changing entity type from LLC toS-Corp etc.
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9 August 2024 | 47 replies
I don't even keep copies in the office.
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7 August 2024 | 9 replies
This was a new one for me so I replied: “Property rules are one thing, but If you truly fear for your safety, I would recommend calling the police department.
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7 August 2024 | 4 replies
I know their next one is on August 8th at their office.
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8 August 2024 | 2 replies
I want to take the equity of my current property for the down payment on the other, my current mortgage lender does not offer equity line of credit for mixed use property, the loan officer told me I may find some lenders offer that type of loan.