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15 February 2025 | 14 replies
The algorithm has no idea if the problem as a dysfunctional layout or just the fact that it is dated and nobody has spent the money to update the property.
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22 January 2025 | 9 replies
To succeed, focus on properties in high-demand neighborhoods like Pecan Grove or Aliana, and ensure your cash flow analysis accounts for high property taxes, potential HOA restrictions, and flood insurance costs.
15 January 2025 | 5 replies
Quote from @Samuel Hudson: Hello friends I am new the market and recently bought a home in Weehawken 6 months backs .Its a three family home and we are currently doing renovations Right now.The rent leveling board told me that two units would have to follow a rent of 1650 for unit 1 which has three bedrooms and another unknown amount for unit 2 which they don’t have the information for .The previous seller I purchased the property from bought it as a tax lien .He has kept the property vacant for two years with no tenants before selling it to me .However ,the previous Owner he bought it from must have had tenants .I am putting in a lot of money into renovations and want some clarity on the situation I am in .The property has been vacant for the two years and currently still is as we are doing renovation .It would be really appreciated if anyone can assist me on what information needs to be provided by from the previous seller for me to be able to set the rent based on the market value .Thank you .
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28 January 2025 | 14 replies
By donating the owner will have the money they want.
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16 January 2025 | 4 replies
If you are going to sell then you must understand the tax implications.
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17 January 2025 | 24 replies
IRS 590 also explains this.5) When you receive a distribution or otherwise get paid back, never take personal control of the money.
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27 January 2025 | 12 replies
Cash and Hard money How did you add value to the deal?
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26 January 2025 | 3 replies
Make sure to account for property taxes, insurance, and any HOA fees, as those can vary significantly in different markets and impact your cash flow.
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20 January 2025 | 4 replies
This is obviously much better than $1,400 per month.On top of that, you will now get 2x the depreciation write-off so your taxes should go down.On top of that, you will now get 2x the appreciation when real estate price go up.On top of that, your tenants are helping you pay down the loan, initially at about $100/mo for both properties, which gradually gets better and better.On top of that, you now have more units so if one or two goes vacant, you have more renters covering the losses of the vacant units.If you want to keep these properties, I would do a cash-out refi and go buy more rental real estate.
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29 January 2025 | 1 reply
You should have money set aside for litigation.