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1 July 2024 | 27 replies
That's not a proper business approach, His earnings/his profits/his luck are his to enjoy.
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26 June 2024 | 4 replies
This process can be time-consuming and potentially costly but may significantly enhance your ability to use the rental income for mortgage qualification in the future.
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27 June 2024 | 1 reply
Outside of real estate, I enjoy spending quality time with family, working out, getting active outside and listening to Bigger Pockets :)Excited to learn and connect with you all!
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26 June 2024 | 0 replies
Reading's growing market further enhanced its appeal.
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29 June 2024 | 17 replies
This is because the properties are cheap enough that landlords cash flow immediately, and they also get to enjoy the perks of having the college students around.
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28 June 2024 | 46 replies
My plan is weird but I really enjoy hunting (only able to enjoy about 4 seasons in the last 20 years) and think that I can use them for hunting while I work to clear the title.
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27 June 2024 | 0 replies
I'm particularly passionate about multi family in Clark County, WA.Outside of real estate, I enjoy hiking in PNW or herding alpacas.Excited to learn and connect with you all!
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25 June 2024 | 6 replies
This can potentially enhance long-term wealth building.Tax Deferral-By reinvesting your proceeds into like-kind properties through a 1031 exchange, you can defer capital gains taxes, allowing you to reinvest more capital.Market Timing-Despite the competitive market, a 1031 exchange gives you a defined timeline to identify and acquire properties, potentially putting you ahead of other buyers who might not be as motivated by a tight deadline.Cons:Lower Initial Cash Flow-Acquiring additional properties may reduce your immediate cash flow, especially if properties in your target market are not as cash flow positive as your current property.Risk of Overpaying-In a competitive market, there's a risk of overpaying for properties just to meet the exchange deadline, which could impact your overall returns.Either one is a valid option, but overall it depends what your financial goals and restrictions are.
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29 June 2024 | 26 replies
I don't particularly enjoy making others look bad in order to make myself look good.
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27 June 2024 | 3 replies
I'm particularly passionate about Mid-term and Long-term Rentals.Outside of real estate, I enjoy reading and going to concerts.Excited to learn and connect with you all!