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11 August 2024 | 16 replies
While I am surprised at that, I also think it is the proper way to view real estate.I always go back to my first vacation rental purchase as an example: In 2005, I bought a beautiful, 2-acre creek-side cabin in Cosby (near Gatlinburg) for $240,000.
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15 August 2024 | 28 replies
Not sure of the details because the wife handled it.
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13 August 2024 | 4 replies
Hi folks,My wife and I have a construction to permanent mortgage loan on land+home where we intended to build.Unfortunately, we found out that unexpected foundation work due to soft soil would likely make the project use triple our contingency reserve before even breaking ground.We are exploring our options on how to transfer our current financial obligations for this construction loan to some other loan offering (as moving forward with the project is now too financially risky).
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15 August 2024 | 29 replies
Because I live in the stupid litigious state of California and I don't want my house locked in probate if something should happen to myself and my wife.
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12 August 2024 | 4 replies
How much do you have to settle for your ex wife?
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13 August 2024 | 21 replies
Namely, these 2 key bits...(1) Even tho the ownership test is only required of 1 of 2 spouses, the residency test is required of BOTH spouses if filing jointly, which we were planning to do.... yet my wife did NOT live in the house during the past 5 years, which means that we'd have to file separately and will definitely complicate things quite a bit, but if it's worth it.... then, well, it's worth it!!
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11 August 2024 | 1 reply
Hi,My wife and I recently moved to Mexico City and we are curious if anyone has successfully flipped in the city.
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10 August 2024 | 85 replies
It’s small, safe, undiscovered and beautiful.
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12 August 2024 | 12 replies
My wife and I have a high w2 income and hoping to add real estate to the portfolio to diversify, learn something new, and for tax purposes.
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15 August 2024 | 34 replies
First just want to state, she is your girlfriend not your wife, which is very different in regards to financial status/situation.For me its simple, I am buying this asset and taking on the risk of renovating it and as part of it will be seeking to earn income from it to better myself in the future as I know a W2 job and a 401k does not get you far in retirement.