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17 February 2025 | 92 replies
The positives are from the buyers prospective1- the ability to buy a property with little down payment2- the ability to obtain financing at below market rate3 -not needing to qualify for convention/institutional financing4- not having another debt on your PFS5 - not needing to pay points and other fees to obtain a new mortgage The positives for the seller are 1- can possibly sell a property in which they have negative equity without bringing cash to the closing table2 -expand the pool of potential buyers 3 -possibly obtain a higher price/ quicker sale 4 - can utilize a wrap to potentially earn the “differential” on interest rate 5 -May be able to save the Realtors commissionAll this being established, here’s the BIG question: Can a subject to transaction be done where both parties are reasonably protected?
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7 February 2025 | 40 replies
Many hundreds of wasted hours, that if included, would wipe out a significant amount of earnings. 1.
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4 February 2025 | 87 replies
So I increased my rate to $10,000 with the ability of my coaching students to earn back $5,000 if they completed their homework in betweeen coaching sessions that was geared towards helping them meet their real estate goals.
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4 February 2025 | 11 replies
An ITIN is often required for tax purposes when earning rental income in the US as a non-resident.Please feel free to PM me with any questions.
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24 January 2025 | 0 replies
You must work at least 750 hours per year in a qualified RE business.So most people who have high-earning W-2 jobs outside of real estate won't qualify.But the unique thing about RE pro status is that even if you don’t qualify but your spouse does, you can both file jointly and claim the losses from your RE investments to offset your other active income together.It's an incredibly powerful benefit if you do meet the criteria.
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23 February 2025 | 25 replies
If it’s making $10,000 a month, no triplex is going to earn that much.
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12 February 2025 | 3 replies
Repeat the process to earn a $73,375 gain, which you roll over once more to end three years with about $174,000 and a 348% return.
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4 February 2025 | 7 replies
I am just a guy who tends to give illegal advice, I guess.And finally, folks need to be aware that while many travelers pick the nomadic lifestyle for some of the awesome reasons: travel, excitement, variety, some pick it to try and increase their income to a level where they can earn their way out of terrible financial situations or decision making.
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31 January 2025 | 7 replies
If you're earning primarily W-2 wages, interest, or dividends, those attractive depreciation deductions from your cost segregation study will be suspended.Think about it this way: You might spend $10,000-$15,000 on a cost segregation study, expecting immediate tax savings, only to find those deductions suspended indefinitely.Does this mean cost segregation studies are worthless?
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28 January 2025 | 6 replies
Real estate is easy to get into, but hard to earn a living. 87% of all agents quit within two years because they don't make enough money.