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26 November 2024 | 31 replies
Always ensure thorough due diligence to protect your capital and achieve strong returns.If you need any support or tailored financing for these strategies, let me know.
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22 November 2024 | 10 replies
Next is to start building a strong network of local contractors, property managers, agents, lenders, and attorneys—they’re key to keeping things moving smoothly.
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26 November 2024 | 17 replies
@Anthony Dupre For out-of-state real estate investments, consider creating subsidiary LLCs in each property’s state for liability isolation, owned by a parent LLC in a state like Wyoming or Delaware for anonymity and strong asset protection.
21 November 2024 | 1 reply
Quote from @Bruce Schussler: A lot of Podcasts and Youtuber's say to cash-out refinance to keep rents balanced with payment; (PITI) then use those funds strategically to re-invest either in more real estate or just put into a high interest bearing account or money market account...Here's some of my thoughts and comparisons;Cash-out refinance with new loan so rents balance with payment:- The cash-out refinance is 100% tax free- The funds can be put into a money-market account off-setting a portion of the interest charge of loan- The loan balance gets eventually destroyed by inflation- The liquid cash eventually gets destroyed by inflation - The interest on the new loan can be deducted from the rent income- The refinance costs are 3-4% of the total- There is less equity in the property and LLC that can be attached in case of a lawsuit- The break-even on cash-out refinance with current interest costs on the new loan is around 12 years Vs.Paid-off property with positive cash flow:- The positive rent income is 100% taxable minus only depreciation and property tax- There is more equity in the property and LLC that can be attached with a lawsuit- The break even is not until after 12 years at today's interest rates- There is a rate risk in today's inflationary environment where interest rates on bonds keep rising*It appears to me that the cash-out refi is in the best interest for a property investor; (Dave Ramsey would strongly disagree!)
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25 November 2024 | 36 replies
Initially I thought it was a really good service.
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24 November 2024 | 19 replies
If there is a strong need for solid PMs then you could very well be the #1 PM company in a few years with a strong reputation.
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27 November 2024 | 16 replies
2) Paydown the mortgage on the initial house and refinance to get rid of PMI to lower your PITI payment.
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22 November 2024 | 20 replies
My initial plan is hold the properties for at least 5-10 years so for now I'm not doing BRRRR.I feel high crime rate can be overstated at times.
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22 November 2024 | 92 replies
Most MLS purchases at high leverage indicated by those numbers have initial negative cash flow.
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22 November 2024 | 12 replies
It would be best if you had a timeframe in place for initial reports of uncleanliness or broken items, maybe three days, but the truth is that all complaints are relevant no matter the time.