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15 January 2025 | 18 replies
If you kept the property, and accumulated the CF/yr, it would take you 25 years to get that same equity that's sitting, frozen in your property.Also, if you cashed out and used that same equity as a DP on different RE, at 20% DP, that equity would buy you $2M in PV, not just $700k,...and, I'd be willing to bet, you could find new RE that would have a yearly CF well over $20k/year.On top of that (remembering my initial statement above), any appreciation applied would be applied to $2M, not just $700k.
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2 January 2025 | 1 reply
If you trade different stock options, can they still be considered identical for wash sale rules if they have similar dates on the contracts?
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4 January 2025 | 5 replies
This was a DIFFERENT bank from the one my mortgage is in, I'm hopeful that works, but I'm not sure.
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3 January 2025 | 2 replies
Hey Jason, You have two different situations here.
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31 December 2024 | 2 replies
Talk to @Grant Shipman about a possible different way of marketing them to the subgroup who gets it.
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1 January 2025 | 32 replies
Also on my rents I have all my amounts set different so that I know which unit it is. 1 may be 600.00 and the other 1 will be 601.00.
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5 January 2025 | 39 replies
A 1031 exchange would allow you to move into better properties in different locations while indefinitely deferring all tax on gain and depreciation recapture.
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1 January 2025 | 12 replies
No different than if the mortgage amount was more than anticipatedThe assumption here is your purchase price was going to pay off the mortgage and the other liens - If not you don’t cancel closing you let them cancel it because they cannot bring funds to closing
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6 January 2025 | 25 replies
Given your stated position of things, assumptions of skills and network, I'd say your best path is a totally different one.
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6 January 2025 | 38 replies
In fact, they are all vastly different.