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10 January 2025 | 5 replies
In my opinion, it is better to get a property rented quickly (even if it means reduced rent) than it is to get it rented for the highest amount possible.
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21 January 2025 | 10 replies
I have some clients who prefer to have a PM for maintenance/contact/rent collection/general management and will place tenants and write leases for themselves in exchange for a reduced rate.
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23 January 2025 | 5 replies
This means you can sell, lease, or pass on the property as you see fit, just like any other property owner.Full Ownership RightsYou have the same rights as a Mexican property owner, including the ability to sell, lease, transfer, or mortgage the propertyLegal SecurityThe Bank Trust is a well-established legal mechanism in Mexico, ensuring your investment is secure and protected under Mexican law.Renewable TermsThe trust is set up for 50 years and can be renewed indefinitely, allowing you and future generations to maintain control over the property.Estate PlanningThe trust makes it easier to pass the property on to heirs, simplifying the inheritance process and reducing potential legal complications.Although the process might initially seem complex, it is entirely managed and supervised by a reputable banking entity.
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14 January 2025 | 2 replies
You start with a purchase and sale agreement and reduce everything to writing.
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29 January 2025 | 7 replies
Capitalize renovation costs to increase the property’s basis and reduce future taxable gains.
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21 January 2025 | 10 replies
Once in service, expenses become deductible, reducing taxable rental income.This post does not create a CPA-Client relationship.
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17 January 2025 | 3 replies
Is her goal to be nice and provide some of the gains or reduce her taxes by trying to split income between her and her ex?
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1 February 2025 | 13 replies
It is to get you to reduce the amount of time you waste looking at deals and knowing what is good and what isn't good for a deal.You'll also need to know the area comps, are people putting in wood flooring or LVP etc.
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18 January 2025 | 1 reply
All else being equal, lower mortgage rates reduce the cost of ownership and, thereby, allow more people to afford to buy.
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6 February 2025 | 40 replies
Quote from @Tyler Garza: Quote from @Wale Lawal: @Tyler GarzaYour strategy—house hacking, leveraging equity, and scaling into multi-family—is solid, but there are ways to optimize it and reduce risk.