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15 October 2024 | 8 replies
Noted for future posts, though again my intent was to help investors understand that making these upgrades can be incredibly beneficial and isn't something most people are looking at.
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14 October 2024 | 0 replies
She was incredibly grateful for the help we provided and couldn’t believe her dream of moving to live with her daughter had finally come true.
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14 October 2024 | 4 replies
I am an incredibly fast learner, but most importantly, I am courageous enough to take the steps necessary to move forward.
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17 October 2024 | 19 replies
I've found including these terms in my lease as a clause is easier (too many addendums can become overwhelming).
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19 October 2024 | 11 replies
Easier management--you know the property much better and can take care of issues quickly and efficiently.
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14 October 2024 | 3 replies
You must work at least 750 hours per year in a qualified RE business.So most people who have high-earning W-2 jobs outside of real estate won't qualify.But the unique thing about RE pro status is that even if you don’t qualify but your spouse does, you can both file jointly and claim the losses from your RE investments to offset your other active income together.It's an incredibly powerful benefit if you do meet the criteria.
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16 October 2024 | 7 replies
This is correct, a lot of the FHA guidelines have changed in the last year making ADU financing a lot more acceptable and easier.
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15 October 2024 | 6 replies
Seller wants them to hold EMD as easier for them to liquidate if you violate purchase contract.3) Final Inspection - this really has nothing to do with your inspection request.
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19 October 2024 | 30 replies
If you find the right team, you can probably find success but that's not to say it might be easier somewhere else.
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16 October 2024 | 4 replies
@Adolphus Fletcher For multifamily investing, most real estate investors typically use an LLC for several reasons:Liability Protection: LLCs protect your personal assets from lawsuits or debts associated with the property.Pass-Through Taxation: Income and losses from an LLC pass through to your personal tax return, avoiding double taxation seen in C-Corps.Flexibility: LLCs allow for flexible management structures and are easier to maintain than corporations.Anonymity: In some states, LLCs can offer a degree of anonymity if you use a registered agent and form the LLC in a state that doesn’t require public disclosure of members, such as Delaware or Wyoming.S-Corps are should be avoided for real estate investing because of various reasons.