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25 November 2024 | 19 replies
I have some web design skills (I'm an engineer, so easy to learn new programming languages) and I'm currently testing my new system to manage the tenants.
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27 November 2024 | 10 replies
Additional resources I'd recommend are:- The millionaire real estate agent by Gary Keller- David Greene's books from the BP Bookstore- The E-Myth by Michael Gerber*** These are not resources related to the course but are helpful for anyone looking to get into the business
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28 November 2024 | 9 replies
Only other people who have been there seem to be able to relate; lots of other people are just jealous.
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27 November 2024 | 16 replies
Things that cause delays are many sponsors maybe 1-3 people and they outsource their investor relations so the first person you contact is not a member of the company but a call servicePersonally I would not invest in a fund / syndication that has a call service on IR side as if things go wrong you will never hear from them.
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26 November 2024 | 2 replies
Make sure your lender, agent, and real estate partners are all on the same page.
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29 November 2024 | 12 replies
While this is a convenient option, the downside is that they don’t offer any advice—legal, tax, or business-related.
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26 November 2024 | 3 replies
The best strategy depends on your goals, but here’s a breakdown:Selling outright would result in paying capital gains tax and depreciation recapture, but since the appreciation is minimal, the tax impact may be relatively low.Gifting the property to your son could potentially allow him to sell it with a lower tax rate, but since he hasn't used it as a primary residence, he won’t qualify for the exclusion of capital gains tax on a primary residence, and you'd need to account for gift tax implications.1031 exchange could defer taxes, but you would need to purchase a like-kind property of equal or greater value and meet all the IRS requirements.
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3 December 2024 | 40 replies
The property is located in Lyell Otis relatively close to the Jr wilson park.
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26 November 2024 | 1 reply
Some title companies are not comfortable with wholesaling, particularly in states with related laws.
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27 November 2024 | 8 replies
.- We have busy but well paying jobs and don't like to spend time in building sweat equity (BRRR, flip), so will take a slightly low maintenance approach and buy relatively newer properties in B class neighborhoods and use property management for day-to-day operations.Goal:- To get to $10K/month net profits with real-estate (today's currency) in 15 years when we plan to retire.