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12 January 2025 | 23 replies
If it was easy to take $1k and turn it into $10k easily with minimal work and sacrifice like the guru's say, then we would be the richest country in the world.
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3 February 2025 | 27 replies
Also, I'm stuck with out-of-state investing which brings a whole series of risks with minimized financial upside (in my opinion)
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8 January 2025 | 9 replies
Be mindful of short-term capital gains tax, as profits from flips held for less than a year are taxed as ordinary income, and frequent flipping may result in self-employment taxes.While profits from flips do not qualify for 1031 exchanges (since flips are considered inventory, not investment properties), you can minimize your tax burden by deducting allowable expenses like renovation costs, loan interest, and holding expenses.If you're considering diversifying into rentals, explore opportunities to benefit from long-term tax advantages such as depreciation and lower long-term capital gains rates.
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2 January 2025 | 8 replies
., but for now, we like to only consider semi-stabilized (with minimal deferred maintenance) or fully stabilized, cash-flowing properties.
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4 January 2025 | 7 replies
It is my understanding that people refinance and then use those funds other ways (personal living, investing, some to buy another property) as a means to minimize tax obligation.
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6 January 2025 | 9 replies
Its free and clear so the expenses will be minimal to hold it for a few years.
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14 January 2025 | 18 replies
But I think one of the best ways to use an IRA to buy real estate while minimizing fees is to partner with others so that you don't need any loan at all. another way I'm considering using my IRA for smaller initial investments is to invest in syndications like spark rental, where you can invest as little as $5,000 for each transaction.
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4 January 2025 | 19 replies
Quote from @Andrew Steffens: Sorry about your frustrating issue - Airbnb is not only guest friendly but most of the time they will be the one paying for damage so they are going to try to minimize you.
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4 January 2025 | 9 replies
The down payment wouldn't be minimal if your finances were tight.
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4 January 2025 | 16 replies
Not necessarily turnkey but should need minimal repairs if at all