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7 February 2025 | 9 replies
A good real estate accountant can save them thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend that they find a tax accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.I would also recommend that they look for a accountant willing to work with them throughout the year, who can help them strategize and who is responsive when they want to know the consequences of the financial decisions they are making throughout the year.Good luck.
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22 February 2025 | 16 replies
Use three of those to give you an idea of what your property will sell for.Sometimes, I'll do a quick and dirty comparable analysis by averaging the value values from Zillow, Realtor, and Redfin.
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2 February 2025 | 17 replies
Comparing just those two things, you would save way more money in the long run by avoiding the annual mortgage interest.
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16 February 2025 | 14 replies
Try Citizens bank if there is one by you
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9 February 2025 | 4 replies
Multi family properties will cashflow the best (unless you are bold enough to rent by the room).
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6 February 2025 | 58 replies
I have built in the past and I do not understand how anyone can build a house for 250k that will last.As an agent I focus on high end relocation clients and many are positively surprised by the build quality compared to the south.
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5 February 2025 | 0 replies
A partner and I began searching, and after coming up empty for 6 months, we were sent this deal by a close friend and ended up closing a month later.
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31 January 2025 | 17 replies
Quote from @Andrew Syrios: Make sure to swing by the MAREI meetup groups.
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14 February 2025 | 19 replies
@Troy Smith might be worth having a local agent take a look at your comps with a CMA and then weigh out whether your 'spring market' will bring better sales comps, or if the sales from the past 6 months will get you the value that you are looking for.Here's a quick go-by for seasoning requirements for much of the investment property lending world.
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4 February 2025 | 11 replies
If we were not able to raise the price of our homes by 20% or more we would had to stop.. my LORI plan started at 600k sold two of them and made our normal 100k net.. last loris I sold 36 months later went for 850 to 900k and we made right at 250k NET on those ones.. so it was very specific to plans that CASH buying empty nesters wanted ..