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7 October 2024 | 2 replies
Those are two bear traps that investors fall into daily that will absolutely demolish you and put such a bad taste in your mouth you may never return.Nobody wants to pay 3 points at 13% on a bridge loan, but if #1 and #2 above go well it will never kill you.
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30 October 2024 | 236 replies
Hahahahaha, you really think https://besttransactionfunding.com/ is hackers' trap set up to steal your personal information?))
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6 October 2024 | 49 replies
Then wonder why you have an insect problem ...ants, roaches, mice and other critters after you move in?
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4 October 2024 | 16 replies
"Hey, you are doing a really good job and this is a really good idea to invest in Section 8 1,000 miles away with limited capital and no experience.
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6 October 2024 | 15 replies
Nothing.Please don't fall in to the same trap as me.
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7 October 2024 | 20 replies
You can end up in an odd spot where these previously disallowed losses are disallowed nearly permanently until either a) you are no longer a real estate professional and you un-aggregate your rentals or b) every single one of your rental activities is disposed of.I have one client right now with some material passive activity loss carryforwards, that the decision was made to wait to make the REPS related election until they utilize these loss carryforwards, so they don't become trapped.
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3 October 2024 | 3 replies
Because you admit you do not know the structure, traps and pitfalls of subject to, you need an attorney that is experienced in contracts to walk you through this.
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1 October 2024 | 6 replies
Investing in Section 8 can be a solid strategy, especially if you’re looking for steady, government-backed income.
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30 September 2024 | 2 replies
That can literally be like 50 bucks - and that is not up to youInvesting in section 8 usually means C-D class areas - Higher risk, higher turnover, higher chance of evictions, higher chance of property damage, behind on rent etc.Instead of buying a 20 unit, maybe considering scaling down and investing in a solid area.
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27 September 2024 | 8 replies
I would be careful of the folks on here that strictly invest in section 8 as there are a lot of pitfalls when working with government entities and low income tenants.