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17 January 2025 | 9 replies
If you do have to move because of a job, you would be safest (in my opinion, i am not giving legal advice or financial advice), i would sell that property to ensure that you did not just purchase with the goal of moving out early and taking advantage of lower rates and lower down payments for purchasing your home as a primary residence.
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6 February 2025 | 10 replies
I'm not the greatest storyteller, but it seemed like i was taken advantage of, and i'm at a point in my life right now where i'm clueless and i'm not even sure if Real Estate is the right path for me anymore...
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21 January 2025 | 59 replies
And none of that counts the 10’s of thousands in tax advantages I reap without any advanced skills or planning, the government just hands them out.
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14 January 2025 | 9 replies
Finally, short-term rentals can offer potential tax advantages, as many expenses associated with the property may be deductible.
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14 January 2025 | 7 replies
Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).
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28 January 2025 | 19 replies
VRBO bookings in that 30-day window, I would then go live with my Airbnb listing, open out the calendar a little bit further so adequate availability shows, and take advantage of it’s first week or two?
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14 January 2025 | 6 replies
.- If you try to hire contractor directly, you have about a 90%+ chance of getting taken advantage of.
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13 January 2025 | 7 replies
If you did, you could take advantage of some unique strategies, like renting it out while traveling (as long as it’s for 14 days or less) and having that rental income be completely non-taxable.
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13 January 2025 | 8 replies
These should be reflected in the purchase price or negotiated as part of the terms, such as the seller carrying some of the renovation burden.Use seller financing to your advantage by proposing a price closer to $225,000-$250,000 with terms such as 20% down, a low interest rate (4-5%), or interest-only payments for 3-5 years, with a balloon payment once renovations are complete and cash flow stabilizes.If the seller is firm on price, consider negotiating higher down payment terms to reduce the financed amount, paired with interest-only terms or a price reduction tied to renovation milestones.Key questions to address include the condition of the septic system, which can be a significant expense if it fails.
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7 January 2025 | 3 replies
This is a great place to learn and to connect with people so take advantage of all the great resources.