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30 December 2024 | 4 replies
At this point, instead of continuing to pay the interest loan payments on properties that we will never be able to financially finish since the rehab loans will not cover the actual cost of the rehab, I wanted to know the ramifications of returning the properties to the loan servicer, deed in lieu.
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31 December 2024 | 5 replies
You can also buy lists off websites and get lists off FB for a cost as well.
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29 December 2024 | 8 replies
Maybe go prepared with a spreadsheet of fix up costs prior to just hitting her up with that.
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4 January 2025 | 11 replies
If they support a rent increase, you could look into raising your rents by that amount to offset the cost.
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2 January 2025 | 4 replies
Additionally, consider operational costs like cleaning, staffing, and marketing, as they can quickly add up.For management, outsourcing to a professional property manager or leveraging tech platforms for bookings and operations could streamline things, especially if you plan to scale.
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17 December 2024 | 7 replies
Now, you are asking can you use a Gap/Transactional funder for the downpayment and closing costs?
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30 December 2024 | 3 replies
Below is something we have in the works:-Looking at a property that is 3beds 1 bath-ARV once complete is at 250K-Repair costs = $40K-Working on acquiring it for $125K maxThanks for the input!
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30 December 2024 | 6 replies
@Greg StrunakA good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
29 December 2024 | 13 replies
It could cost only one month's cashflow.