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21 February 2025 | 10 replies
I promise you will have options once you finish renovating.If you purchased correctly (location & purchase price), you will have enough equity so that you can either sell it for tax free capital gains, cash out refinance (if mortgage rates are lower), or pull a HELOC to acquire your next property!
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14 February 2025 | 4 replies
I had to search it myself and call listing agent who edited the correct listed property and not mine :)Also, if you are getting random "I heard you were selling your house" calls and texts, they are usually wholesalers trying to get you to consider selling even if you're not.
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20 February 2025 | 9 replies
- If it continues to drain your resources and energy without a clear path to profitability, it may not be the right fit for your portfolio.- A property should work for you, not the other way around.
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11 February 2025 | 8 replies
If that’s correct, here’s my non-expert opinion.
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15 February 2025 | 6 replies
This is a super boring, super amazing solving-people’s-problems path!
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14 February 2025 | 19 replies
You are correct they handle by PM company liability I have prudential personal liability.OK, yeah, and they (Coterie) doesn't offer commercial umbrella insurance (or personal) so I was concerned you might not be covered correctly.You have a personal liability umbrella through Prudential?
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18 February 2025 | 13 replies
Leverage, when used correctly, is one of the most effective ways to scale.
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14 February 2025 | 1 reply
The loan on this house is $1,200,000.I moved in to my new primary residence by the end of the month.Starting July, my original primary residence was available as a rental and was being shown to prospective tenants.My new tenants signed a lease that began a couple weeks after showing, in July.To calculate my primary residence mortgage interest deductions, i'm using the following formula:650,000 / 2 = $325000 loan from January to June1,200,000 / 2 = $600,000 loan from July to December$750,000 limit / (600,000+325000 total loan value) = 0.81 multiplier(0.81 * $X first house interest) + (0.81 * $Y second house) = total interest payed i can deduct from my primary residencedoes this look correct?
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23 February 2025 | 2 replies
You are absolutely correct.
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17 February 2025 | 10 replies
A goal is nice to set but the path too it is where I find the fun.