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16 December 2024 | 1 reply
I’m not an expert, but I don’t think you could live in the new property if you 1031 nor would you be able to access any of the proceeds for personal reasons.
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20 December 2024 | 8 replies
You can take any amount you want out of that profit but realize you will be taxed on anything that hits your personal account.
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20 December 2024 | 27 replies
Should I go with this architect person to handle it?
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17 December 2024 | 11 replies
I personally found this software a lifesaver.
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16 December 2024 | 23 replies
And in general, it's "only" gonna cost a person 40% gross rents......
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18 December 2024 | 23 replies
Option 3: Find a better investment at this time.Stop thinking of yourself as a real estate investor and start thinking of yourself as a well rounded investor.Pay off your mortgage: Your money is not working for you when you spend it on liabilities like a personal residence.Buy Rentals with little/no cash flow: You are speculating what a rental will be worth in 20-30 years.
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17 December 2024 | 11 replies
If you do you may run the risk of piercing the corporate veil of your LLCs making you personally liable for business debts.
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17 December 2024 | 1 reply
Personally, i dont have any family here in Boston, just college friends, who will graduate and go to different places or back home.
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17 December 2024 | 2 replies
As soon as interest rates or your personal situation are favorable you can then refinance at any time and eliminate the hard money lender.