29 August 2024 | 70 replies
So that in my mind tells me CA is starting to put this on their radar.. .But who knows that's a freaking big state will lots of peeps just like FLA... but I know FLA has hammered people for sure..And its the most egregious violators those with websites and bunch's of craigslist adds etc.. advertising homes they don't own...
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26 August 2024 | 2 replies
It is a RE course in which you eventually pay 25k for gold membership and ultimate access.
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28 August 2024 | 18 replies
@Vinny IncognoliUsing a HELOC on your primary home for a down payment on a short-term rental gives you quick access to funds and potentially tax-deductible interest.However, most HELOCs have variable interest rates, meaning your payments could increase over time.
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1 September 2024 | 79 replies
They have it set up in such a way that if my GC walks for whatever reason, they have access to people who can finish the job, rather than wait for me to find a new GC.
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27 August 2024 | 12 replies
Your earn it in this business and once you have some years in and your getting your business by referral like she does it does get easier at least on the marketing end she has not advertised in say 20 years all of her business just comes to her based on her quality of work with her clients. 2 years ago she was number one agent out of 600 HUNDRED agents and she does not have a team..
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26 August 2024 | 11 replies
I would drop your rent rate to match the market and advertise it as unfurnished.
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30 August 2024 | 29 replies
Ultimately a 1031 would have been the smartest move to buy another property and simply do a cash out refinance in 6 months to have access to some of the funds.
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25 August 2024 | 2 replies
How would I advertise the spaceI was also considering buying a few tiny homes and placing them on the empty portions of the lot.
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26 August 2024 | 2 replies
These are pros and cons:Pros:- Access to Better Markets:Investing out of state allows you to choose markets with stronger economies, population growth, and higher rental yields.- Diversification:Spreading your investments across different states reduces risk and helps protect your portfolio from local economic downturns.- Affordability:Some out-of-state markets may offer lower property prices, allowing you to get more for your investment.- Higher Cash Flow Potential:Certain markets might provide better rental income, leading to increased cash flow.Cons:- Limited Local Knowledge:Understanding the nuances of a new market is challenging without on-the-ground experience.- Property Management:Managing properties remotely often requires hiring a property manager, adding to your costs.- Increased Travel and Communication:Regular visits and long-distance coordination can increase both time and expense.- Legal and Tax Complications:Navigating different state laws and tax regulations can be complex and confusing.Out-of-state investing can be a great way to grow your real estate portfolio, but weighing the benefits against the potential challenges is essential.
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26 August 2024 | 37 replies
In order to have checkbook control, the IRA account will need to be at a trust company that will allow the IRA to invest in an LLC (where you will be the manager and your IRA will be member - an as manager you will have checkbook access to the LLC bank account).