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7 February 2025 | 31 replies
I have 7 MTR and my income is 1.7x my long-term rates ($1200 vs $2000), but that is very specific to my properties, my location, my business model, etc.
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22 January 2025 | 10 replies
You would contact an electrician plus the power company to separate electricity.
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2 February 2025 | 14 replies
When you're talking about interest rates dropping I think you mean mortgage rates but the government isn't getting rich off of those.
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15 January 2025 | 8 replies
In this case, since they are borrowing their payments, these would get added to the principal balance each month, and interest would be calculated on that.If, for example, the interest rate on the note were 10%, they would implicitly be borrowing their payments at that rate.
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7 February 2025 | 0 replies
In 2025 the bonus depreciation rate is 40%.This means that if you bought a property for $1M in 2025, did a cost seg study and found $300K in eligible assets that you could depreciate, you could take 40% of that $300K as bonus depreciation to offset your income in the first year.40% of $300K = $120K.You then apply that $120K to the owner’s personal tax rate to find the final amount that they can defer in year 1.If your tax rate is 37%, you can defer $66.6K.This is a big deal even at the 40% bonus depreciation rate this year.
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5 February 2025 | 5 replies
As a percentage closing cost as percentage goes down as value increases but we will 15X to account for closing costsNo cash flow per OP.2% market appreciation equated to 30% + 15% = 45% 3% market appreciation equates to 45% + 15% = 60%4% market appreciation equates to 60% + 15% = 75%Recognize in virtually all markets the cash flow increases with hold length especially if a fixed rate loan.
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27 January 2025 | 4 replies
.- In between finding these "clients" you "help solve a problem for" (in the language of the gurus), you will be angrily dismissed by hundreds or thousands of people, if you are able to get into contact with them. - In the extremely unlikely event that you get a property under contract, your assignment fee, in many locations, and probably on average, will be less than the commission a licensed broker would have received for selling the property. - You will be at risk of breaking the law, as many states are creating laws that effectively ban wholesaling, and while wholesaling gurus claim that this is not the case, they are either lying or deluded.
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13 January 2025 | 12 replies
Feel free to send me your preferred contact details or schedule a time that works for you.Looking forward to connect!
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20 January 2025 | 16 replies
Apply for a dimensional variance on the vacant lot to allow a smaller lot and/or setback so it can be built upon.Your best first steps are to sketch a plan, possibly with an engineer's help, then contact the zoning department to discuss your idea with them to get informal feedback on your liklihood of success before you spend a lot of money.
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1 February 2025 | 0 replies
When I was doing a house flip in Jurupa Valley, California inland Empire/Riverside and I was looking to do more flips in the inland empire Riverside, and inland Empire areasLooking for some good contacts or contractors or real estate agents who are Flipper friendly?