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13 November 2024 | 15 replies
Second position lienholder have done some shady stuff in order to delay a loss, including filing suit against all parties or trying to obtain a temporary restraining order.
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16 November 2024 | 17 replies
I informed them that the rent will probably be higher for the bigger house.
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21 November 2024 | 305 replies
They're often renting equivalent properties at 60%-70% of what I'm charging.This is a bigger concern for me.
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12 November 2024 | 1 reply
Cost segs unlock these savings, but the losses won't offset your ordinary income from your job unless you are an RE Pro.Here's how to think about RE Pro status to make the best case with your CPA and the IRS:RE Pro Status starts with the IRS definition of a Real Estate Professional (IRS Pub 925).It is not as simple as getting a real estate license or working for a firm that provides real estate services.Ask yourself these questions to see if you qualify:Q1: Are you in the right business?
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16 November 2024 | 4 replies
There are plenty of good people on a platform like bigger pockets that could be a great mentor in the true sense of the word.
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17 November 2024 | 6 replies
Personally I limit any refinances unless there's something bigger I can do with the cash.
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17 November 2024 | 18 replies
I plan to just learn from those all over bigger pockets as well as my local investment group.
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12 November 2024 | 3 replies
I would rather rent at a slight loss than to be vacant for an extended period of time.
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16 November 2024 | 6 replies
So I have a property that according to the bigger pockets calculators will cash flow $100+ per month but the 50% rule is -901.
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19 November 2024 | 21 replies
8:14/24 I did get a call today from KS Yoaks property management team, Kaye and Amber after my post on Bigger pockets.They went over my rental ledger with me and went through buildium with me, which I appreciated as they tried to rectify my issues.Beau also sent me the detailed invoice that I have been asking for for several months.