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20 September 2024 | 7 replies
Is there any minimum period of time the first replacement property needs to be held before using in a 1031.
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19 September 2024 | 8 replies
These provide stability and regular income, which can be crucial in retirement.Cash: 5-10%Keep some liquid assets for emergencies and short-term needs.Consider these additional points:Diversification: Spread your investments across different sectors and geographic regions to reduce risk.Tax efficiency: Consider the tax implications of your investment strategy, especially with your high net worth.Regular rebalancing: Adjust your portfolio periodically to maintain your desired asset allocation.Professional advice: Given your high net worth, it's advisable to consult with a financial advisor who can provide personalized recommendations based on your specific situation and goals.Risk management: Consider your risk tolerance and adjust the allocation accordingly.
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23 September 2024 | 19 replies
Finally, unless it is a duplex, you cannot claim losses from house hacking, period.
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21 September 2024 | 14 replies
Anything can happen: the market can shift, we can go into another extended lockout period, the property can be destroyed by a natural disaster or by vandalism, the list of contingencies is endless.
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20 September 2024 | 114 replies
I would like to look at it over 10-year period.
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20 September 2024 | 1 reply
Make a habit of checking your competitor's listings periodically and when it makes sense for you, make upgrades and listing updates.
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18 September 2024 | 1 reply
This deal highlights our efficient turnaround strategy, leveraging market knowledge and partnership to achieve a solid profit within a short timeframe.
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21 September 2024 | 19 replies
Those little rascals can build nest in a very short period of time…
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24 September 2024 | 15 replies
If it’s strictly an investment, you may need to consider conventional loans or other creative financing options.Cash Flow Analysis: Do a thorough analysis to ensure that the rental income will at least cover your mortgage, property taxes, maintenance, and vacancy periods.
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20 September 2024 | 9 replies
Hello everyone, I've done 3 buy and hold rental properties, and now I want to do flips, I need investors and I have some that have shown interest, in addition to speaking to private lenders that are willing to fund 70% of the LTV (based on the desired property)I'm seeing a lot of deals from wholesalers, but the problem is, some of them close in 2 weeks and some as long as a month, and they don't take conditional offers, and the good ones fly off the shelf really quick.My question is, how does someone like me close one of those deals within this short period, how do you arrange the equity and financing with little to no inspections sometimes even.I'd like to know how do I prepare myself to be able to close one of these good deals right away when they are offered to me and many others?