30 March 2024 | 0 replies
The interest is a set percentage that is based on the balance due and is often bundled with the monthly installment of repaying the funding.
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1 April 2024 | 98 replies
You don't have any cash flow, you have reimbursed owner funds received from rent in the amount of $208.75, you basically prepaid the rent for the tenant at closing and they are paying you back in monthly installments until all of your cash is out of the deal.I showed him he doesn't have true cash flow until year 7 on the deal when he gets his $18,800 in cash out of the deal (down payment, closing cost, etc).
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29 March 2024 | 8 replies
Can you explain what this mean "The IRS recognizes an installment sale as a way to defer a capital gain on a property sale.
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29 March 2024 | 20 replies
So I'm thinking domain + g suite + wordpress install for the website and add another line to my personal phone. and create social media and start posting. also use an AI tool to make a logos or even fiverr use that logos for socials, cards, shirts. then after some time work on facebook ads and SEO for the wordpress install. I
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30 March 2024 | 16 replies
It's crazy there are still many thousands of these things out there in the wild (millions installed originally from 1950-1980).
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29 March 2024 | 8 replies
The house needs a roof and the existing roof is very old asphalt over cedar shake so according to the roofers they need to completely remove everything down to the rafters and install 5/8th inch plywood then reroof from there (one estimate so far came in at $31k for that).
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29 March 2024 | 3 replies
In addition, my husband does some side work doing landscaping, installing turf, etc.
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29 March 2024 | 3 replies
You did not mention any payment issues, have you been collecting mechanics liens with each payment installment?
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29 March 2024 | 7 replies
When water bills come in, I pay tenants water bills to the Water and Wastewater Department directly and they reimburse me the cost owed with their next months rental installment.
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28 March 2024 | 7 replies
The house's electrical system seems to be functioning properly, but given its age, we're wondering whether it would be beneficial to replace it entirely( I.e update the whole electrical system) My question is this: Would installing a new electrical system increase the value of the house and make it more appealing to potential buyers?