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18 February 2025 | 8 replies
@Ellis Moyewe really don't know a lot about this situation since there aren't many details in your post... but i don't think this makes any sense for anyone involved here...if it's a flip that's not selling, refinancing may not solve your problem and allow you to pay back the HML in fulland typically a sub to buyer wants a low interest rate... and if you refinance now you won't be getting a low interest rate, you'll just be getting whatever the market offers.and finally.... the vast majority of loans are NOT assumable.
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12 February 2025 | 5 replies
Estimating is both art & science and FWIW most professional estimators rarely get it spot on, usually operating within a Delta.There's tons of estimating books, software etc.
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9 February 2025 | 7 replies
So for the bookings we get on there, I am invoicing her monthly for the cleaning fees and then 18% of the rental rates for each booking.
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10 February 2025 | 7 replies
Since you’re interested in learning more about commercial real estate (CRE), consider a mix of reading books, enrolling in online courses focused on real estate investing.
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5 February 2025 | 5 replies
And yes, the income from renting is still taxable, but ideally you are offsetting a chunk of that with depreciation which is a non-cash expense.You should read Amanda Han and Matt MacFarland's books as well which are available in the BP Bookstore. https://store.biggerpockets.com/products/tax-strategies-book...
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12 February 2025 | 17 replies
It doesn't book as frequently as the smaller house, but generates more income.
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5 February 2025 | 1 reply
If you could shadow someone a little this would be better than any book.
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21 February 2025 | 4 replies
The unfortunate reality is that the BRRRR book made a lot of sense when it was published, but with the high rates now, BRRRR is much harder to accomplish.
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16 January 2025 | 20 replies
Nice to meet you I'm almost halfway through "The book on rental property investing" by Brandon Turner and it's really open my eyes to real estate!
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13 February 2025 | 5 replies
We gave a final offer of 417,500 and closing costs, and they accepted.Currently in the middle of new floors, a new bathroom, new kitchen lay-out, new trim—after completing tons of demo.