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20 January 2025 | 2 replies
Take ownership of your mistake and learn to do the proper due diligence recommended above😊
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7 January 2025 | 2 replies
How many are you installing a year?
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29 January 2025 | 12 replies
The proper answer is "it depends" I don't know anything about your case.I do prefer simple over unnecessary complexity.
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6 February 2025 | 13 replies
You could structure the deal as an installment sale or a lease option so the property owner doesn't see a large capital gain tax payment for the sale.And good on you for helping out!
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21 January 2025 | 9 replies
@Jordan Meltzer unless you find a screaming deal - a Class A property won't cashflow for 3-5 years.Class B: 1-3 years.Class C: most investors don't properly understand the risks, so should stay away from them.So, you may need to deal with negative cashflow, but plan on appreciation increasing your wealth.
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4 February 2025 | 3 replies
And here is where I actually got properly annoyed.
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4 February 2025 | 9 replies
If transferring the property to an LLC, be mindful of the due-on-sale clause, and note that an LLC itself does not offer tax savings unless electing S-Corp status, which is rare for rentals.To maximize tax benefits, consider cost segregation, bonus depreciation, and short-term rental (STR) strategies, which could allow you to offset W-2 income if structured properly.
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19 January 2025 | 18 replies
This will get you the name on the dog on record designating that specific animal as their ESA.Good idea -- AND ask for additional rent/deposit, unless there is some legislation forbidding it for a properly registered service animal.My humble opinion, all this "emotional support" stuff is simply BS so they can take their precious animals everywhere they go and not have pay extra.
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17 January 2025 | 19 replies
Learn the ins and outs of fit and finish, proper preparation, proper installation, rough in locations & MEP details... thinking 10 steps ahead on everything.
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14 January 2025 | 2 replies
How would you recommend, or what resources would you refer for us to properly figure out how we spend our time and appropriately get compensated for it?