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25 July 2024 | 3 replies
3.Charing multiple fees in every parts of the game, including deal sourcing and other stuff - (I assume they might also be able to get kickbacks from each deal or rehab construction), after all these fees been charged, investors can hardly make profit.4.They are manipulating reviews and comments, if you say anything bad they will kick you out of their chat group and they will ask people to do "Great" Review to boost their reputation online or on their website5.There are many other things they do is unethicalAfter I doing few deals, I already loss some money and still have some projects stuck in my hand!
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25 July 2024 | 10 replies
So it's possible that the assignee might decide to cut his losses and forfeit the fee amount he already paid in.Regardless of why this might happen (which is really immaterial), the questions I should have asked are:How frequently (percentage of a wholesaler's deals) does it happen that a buyer backs out of the assignment, andWhen it does, how successful are you in pursuing the alternatives mentioned in Dustin Heiner's article?
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23 July 2024 | 0 replies
So, at the end of the day It’d be a wash or a little loss, cashflow wise, on one house and I’d gain ~$300-400/mo on the other house.
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23 July 2024 | 2 replies
My question simply is, does increasing your rmd from say 600 dollars to around 2grand a month significantly affect a loss of the IRA?
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27 July 2024 | 108 replies
So then divide that lump sum over the 15 years of the mortgage hold period and it’s a NET LOSS compared to what he’s doing now.
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22 July 2024 | 8 replies
After looking at hundreds of thousands of dollars in suspended passive losses, I'm planning to provide substantial services on my next house hack.
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22 July 2024 | 1 reply
So, if the mess isn't going to attract pests like food waste and it isn't causing damage like pet urine then it may not be an issue worth letting yourself be bothered about. 5.
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21 July 2024 | 4 replies
The government grossly overstimulated the economy, increased the money supply by 40%, and caused record inflation (in housing, food, energy, everything).
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25 July 2024 | 18 replies
Similar to how banks were buying 2% coupons and 3% MBS's over par during ZIRP which has led them to be Billions in the hole in unrealized losses.
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26 July 2024 | 37 replies
you get mortgage paydown every month; you might be able to reduce your taxable income from your W2 with passive losses (consult your CPA); hopefully you get appreciation; maybe you get a little cash flow; etc.