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11 October 2024 | 41 replies
Based on my knowledge of the market and similar properties I think these are at, or near, 2X market rent.I've use a traditional bank to finance the purchase of each of these buildings - using a traditional commercial real estate loan.
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7 October 2024 | 8 replies
If the proper reports and documentation are not completed, you run the risk of failing an IRS audit and the cost segregation not being honored.
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9 October 2024 | 3 replies
I saw from a young age that, if you want something, you could just get money from the bank.
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10 October 2024 | 7 replies
The downside of trying to get a mortgage after you have a rental is that you can't walk into any bank because they do not understand how to calculate DTI correctly.
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10 October 2024 | 13 replies
With certain banks, they can count your 12 months of rent, as long as they can source it.
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8 October 2024 | 3 replies
Asking for detailed financials—especially rolling 12 months' data—can really help you determine what’s realistic.Think like a bank.
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7 October 2024 | 5 replies
I’m so sorry to hear about your loved one’s failing health.
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6 October 2024 | 4 replies
The good news is that the financial metrics you've read about are universal and not at all country specific.The bad news is that Germany may just not be a good cash-flow market, compared to the U.S.But then, few markets are.That's why you find so many Germans and Australians and Spaniards and others trying so hard to find great deals in the U.S.And, even in the States, there are plenty of sub-markets where properties routinely fail the so-called "1% rule."
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8 October 2024 | 11 replies
I'd speculate that your CPA failed to check the "complete disposition of activity" checkbox in his tax software, keeping these losses locked instead of releasing them.2.
10 October 2024 | 0 replies
They can give you access to off-market properties such as foreclosures and bank-owned properties.