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10 December 2024 | 9 replies
Hello,
My name is Luke Helliker, and I’m an investor based in Chicago. I recently purchased my first investment property and am now focused on exploring opportunities in the Kansas City multifamily market for my next...
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11 December 2024 | 8 replies
Hi Everyone,
We are in the process of purchasing 1 acre of land for $300K in the area and are considering building a cabin. I would appreciate any advice on whether it's a good idea to invest in land on a slope and t...
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13 December 2024 | 5 replies
When we deal with these, we let the tenants know that we will be putting them into collections and seeking a judgement.
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11 December 2024 | 2 replies
The typical clients that seek out cost segregation studies include:Real estate companies that buy and sell multiple properties each year.Individuals with a portfolio containing investment properties including apartment buildings, multi-family homes and even single residences.Franchise owners with properties that are similar to one another such as assisted living facilities, storage facilities and golf courses.Business owners of hotels, food facilities, shopping centers, restaurants or manufacturing plants.It depends on the type of property, but generally 15-45% of the building’s costs can be classified into assets with a shorter life.
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14 December 2024 | 3 replies
New to real estate but possess a deep understanding of the responsibilities to continue to gain knowledge and remain loyal with my clients and professionally with my colleagues.
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17 December 2024 | 9 replies
Maybe they are bad communicators.Assuming you still want the place, I would do anything you want to reach out via the renal address or professional websites, but home addresses and personal social media is going too far.
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13 December 2024 | 7 replies
My ultimate goal is to house hack a 3–4 unit property.I’m seeking advice on how to accurately estimate the closing costs and monthly expenses associated with a multi-family property.
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11 December 2024 | 8 replies
When the transaction closes, the purchase is funded, and we set aside additional funds in an escrow account to pay predetermined professionals to make any required or desired repairs or upgrades to a property AFTER the buyers settle on the purchase transaction.
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12 December 2024 | 7 replies
Your profile mentions that you are an agent with rentals.You would want to see if you are able to claim real estate professional status.If you are able to claim real estate professional status, you can potentially offset the rental losses with your real estate agent income.Furthermore, TN does not have a state income tax allowing you to be more open with your options.Best of luck
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17 December 2024 | 86 replies
Additionally, investing in real estate education and seeking mentorship can enhance your understanding of various strategies and market dynamics.Creative Financing:Exploring creative financing options, such as seller financing, lease options, or partnerships, is another avenue to consider.