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24 December 2024 | 7 replies
Each method has a cost in both time and money.
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10 December 2024 | 36 replies
And some of these left HML in a tight spot borrowers could not access their draw money.. this happened just recently to Fund that Flip.. and their borrowers I know i got a call from one of them that was owed 300k in draws that was not coming.I can understand that rates aren't what they are when you close as when you get quoted, but if you offer a "rate lock" and use that term, you need to stick to it even if you aren't required by law to do so.
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19 December 2024 | 5 replies
Additionally, don’t overlook the opportunity cost of pulling money from your 401k—those funds could have been compounding in the market.I’d also suggest stress testing your ROI by running scenarios with higher expenses or lower rents to see how resilient the investment is.
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26 December 2024 | 8 replies
It works but the premise is more for large, rural land and doubling your money & I wanted to target other types of property.
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24 December 2024 | 44 replies
High occupancy isn't sexy, but that's what a good property manager will achieve, plus it's much easier to maintain a property with the tenant's money than the owner's money.
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27 December 2024 | 66 replies
Non-locals with money moving here.
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26 December 2024 | 13 replies
.- You will lose money if you go overboard!
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21 December 2024 | 6 replies
And/or are you willing to take the risk of being sued by the seller for not performing on a legal contract (and losing your earnest money)?
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20 December 2024 | 0 replies
There are several different types of income in the US tax code.Two main types are “active income” and “passive income".Active income is money you earn from working, such as wages from a W-2 job or income from running a business.Passive income is money you earn from investments like real estate, stocks, or rental income from your RE portfolio where you earn $ without actively working.Normally, you can't use passive losses (like losses from real estate investments) to offset active income like your salary from a W-2 job.That is unless you are an RE Pro.The reality is, that Real Estate Pro status is just a filing status similar to filing married or jointly.And if you are a real estate professional you CAN use passive real estate losses to offset active income from other sources.To qualify as an RE Pro you must:1.
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25 December 2024 | 22 replies
I requested money from the guest for replacement and contacted Airbnb in the meantime, and the guest left me a bad review because I requested them to pay for it.