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3 February 2025 | 8 replies
I would generally say no if you don't have a property unless you're looking for peace of mind knowing that you've set your financial life properly.
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29 January 2025 | 22 replies
While living with tenants can pose challenges like privacy concerns and tenant relations, clear boundaries, professional management, and proper tenant screening will help you succeed.
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1 February 2025 | 4 replies
Quote from @Grant Shipman: Hey BiggerPockets Community,If you’re raising capital for real estate syndications, you need to be aware of SEC regulations—because one wrong move could put you in serious legal trouble.Many new syndicators think they can just start pooling money from investors without following the proper rules.
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30 January 2025 | 21 replies
Annual fee $25.PenFed - max 3 other properties, 89% LTV Regions- yes HELOC but no LOC SCCU Florida 70% LTV, 6.25% interest only, not LLC Sound CU "non-owner occupied HELOC, capped at $150K and interest rates are prime + 2%, 3% or 4%, based on credit, not to exceed 70% ltv.”TD Bank TIAA Direct was EverBank Tower FCU, all states except TX, max 45 DTI, green card ok.
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7 February 2025 | 9 replies
A CPA can ensure proper filing of rental income on Schedule E and help identify tax-saving strategies, such as optimizing deductions for maintenance, repairs, and travel.
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5 February 2025 | 18 replies
Validate their Legitimacy:Ensure the company is properly licensed and regulated, particularly if you're working with private lenders.
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31 January 2025 | 170 replies
I am puzzled how people were able to complete proper due diligence that quickly.
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6 February 2025 | 5 replies
Proper record-keeping of rental and personal use days is essential to avoid IRS scrutiny.
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26 January 2025 | 2 replies
One of the biggest challenges for everyone involved is being on the same page about the actual time required for maintenance.DIY landlords rarely properly track their time when it comes to property management in general - tracking their true time invested in maintenance is where they perform the worst.Investors that hire PMCs are rarely any better at understanding the true amount of time maintenance takes.
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11 February 2025 | 7 replies
My MIL owns a floral business and apparently the credit card she uses for her business is keeping her from refinancing.