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22 March 2018 | 5 replies
I would like to attend some of these but travel a lot for work so it doesn't usually work out for me.Make sure you take a close look at deals as good deals are hard to come by at this time.
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12 April 2018 | 23 replies
But without a couple folks to help evaluate a deal, it is incredibly easy to wind up with a property that doesn't break-even.We read about successes on here, but not often about the deals that DIDN'T work out.
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21 March 2018 | 1 reply
Also make it a month to month lease so if things dont work out you can end the lease quickly.
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19 April 2018 | 23 replies
I even considered exotic dancing, but alas I have a dad bod so that wouldn’t work out 😀Balance transfer credit cards at 0% for 12-15 months.
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17 April 2018 | 4 replies
So if you are purchasing a house with land, you typically would try to allocate more of the price to the house, as you don't take depreciation on land.If your goal is maximum taxable writeoffs and you have a number of other properties, you may want to look into cost segregation (but it won't be worth it if you only have this property).Keep in mind that when you sell the property, you'll have to pay tax on the depreciation (usually a 25% rate).Be sure to chat with a CPA about allocating the purchase price in a sale, as you need to follow one of the multiple acceptable ways to allocate.Also, depending on how the rest of your portfolio looks and your timetable for holding, being less aggressive in allocating the purchase to high depreciation items may work out better.
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24 January 2019 | 6 replies
If you need an office the get one as close to home as possible. 95% of successful agents work out of their homes, Starbucks, or on their phones.
20 April 2018 | 16 replies
I'm sure the $$ numbers work...as stupid as it seems on the surface....I have no doubt that this will work out financially.
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23 April 2018 | 2 replies
However, you may be able to work out a different percentage (including nothing down) with your lender.The Refinance step still is applicable whether you have a Private/Hard Money Loan or paid all cash for the acquisition.
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19 April 2018 | 6 replies
I have an appointment with a local bank tomorrow that will hopefully work out but am trying to explore all my options.I have someone who will personally lend me the money for the down payment.
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20 April 2018 | 12 replies
It is something they need to work out on their own.