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1 October 2024 | 14 replies
It's very difficult to do that anymore today.Some people will call BS but I've found 9 times out of 10 those folks are doing their numbers wrong.
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30 September 2024 | 26 replies
Katie,I am HomeVestors Franchise and will openly admit that I wouldn't be where I am today in my REI career if it wasn't for the quality of mentorship that I have received.
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1 October 2024 | 9 replies
For a problem that could have been resolved in a matter of hours/days or just a week at max, you can easily waste a few weeks here; - It is very often difficult to get them to act.
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30 September 2024 | 12 replies
It is a business, so run it like one, as @Tom S. said, start the process and follow through.Unfortunately you're in a Blue state so this will be more difficult for you, so yes get a lawyer if they don't respond immediately to your 'pay or quit' notice.Don't take any more partial payments, that will delay your case!
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1 October 2024 | 24 replies
@Kiki Helland Detroit has been the most difficult city to find competent management.
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25 September 2024 | 2 replies
Big thoughts are I'm 43 and can retire from my W2 career (Middle school principal) in 10 years, and I want my investments ready and waiting on me then.
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1 October 2024 | 26 replies
My wife and I got this piece of advice early in our investing career and, to this day, we both look at each other and say "NEXT" in unison whenever one of these myriad annoyances occurs.
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29 September 2024 | 10 replies
It is all dependent on the numbers.If you are planning on putting low money down, the odds of it cash flowing (or even breaking even) in the first year would be difficult.
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30 September 2024 | 11 replies
There are a lot of requirements towards the qualified opportunity zone of which you didn't mention the three most difficult parts1) The funding of a qualified opportunity zone needs to be through capital gains.2) There has to be an entity structure of which there is more than 1 owner3) You have to materially rehab the propertyTalk to an accountant to make sure you have all the requirements met.
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26 September 2024 | 1 reply
Imagine making millions of dollars throughout your career and then having to pay Uncle Sam 30-50% every year instead of compounding that cash over time.This is exactly what real estate professionals have learned to mitigate.To reduce their taxable income, they buy a building every year, do a cost seg, and use depreciation to reduce their tax liability dramatically.Their personal wealth snowball grows much larger and much faster than their W2 counterparts who give most of their money back to the government each year.Following this strategy as a real estate professional is one of the best ways to end up with a much larger net worth at the end of your career.