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21 January 2025 | 7 replies
There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.
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24 January 2025 | 5 replies
Keep in mind that the same entity (in this case, your LLC) that holds title to the relinquished property must also acquire the replacement property to maintain the tax-deferred status of the exchange.Additionally, don't forget about depreciation recapture.
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27 January 2025 | 6 replies
YOU and ONLY YOU, are responsible for maintaining order in your house.
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22 January 2025 | 0 replies
This is much lower than the costs associated with refinancing.Benefits of Mortgage RecastingLower Monthly Payments: The most immediate benefit is a reduced monthly payment, which can free up cash for other financial goals.Save on Interest: By reducing your principal balance, you’ll pay less interest over the life of the loan, potentially saving thousands of dollars.No Credit Check or Appraisal: Unlike refinancing, recasting doesn’t require a credit check, income verification, or home appraisal, making it a quicker and simpler process.Keep Your Current Interest Rate: If you have a favorable interest rate on your current loan, recasting allows you to maintain it while still lowering your payments.Drawbacks of Mortgage RecastingRequires a Lump Sum: Not everyone has the cash on hand to make a significant lump sum payment, which can make recasting inaccessible for some homeowners.Doesn’t Shorten Loan Term: While your monthly payments are lower, recasting doesn’t reduce the length of your loan.
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22 February 2025 | 29 replies
Maintain your hot tub properly so no one gets "hot tub rash" or Legionnaire's disease.
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10 February 2025 | 22 replies
It sounds like you’re handling things well by setting up systems early.For this tenant, a calm and professional response is best to maintain a good relationship while reinforcing your policies.
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17 January 2025 | 3 replies
Over the years, I’ve learned that offering tiered returns can be a win-win strategy—it rewards investors for their level of commitment while helping us maintain flexibility in our business.
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25 January 2025 | 14 replies
It sounds like current challenges are:* how you currently feel today about maintaining property* how you currently feel today about that particular house that you lived in and made niceIt also sounds like there are a few logistical/ timing/financial challenges such as:* the logistics of a 1031 etc.* logistics of maintaining out-of-state property and tenants* having time to research enough about this while moving across the country to be confident in your decisions and planning* having time to research other opportunities, what could be done with the money if you soldReason I bring up the emotional stuff because yeah property is a hassle, but there may be another vision that lets you get everything or most of what you want, with a little bit less hassle, or hassle in a way that bothers you less.
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5 February 2025 | 17 replies
I have significant enough assets and capital that I can make a few loans while still maintaining a healthy stock portfolio to keep my money working for me.
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23 January 2025 | 5 replies
Has anyone here retired debt-free, and how has that impacted your life versus maintaining debt for investingLooking forward to hearing your thoughts and experiences!