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3 April 2024 | 14 replies
Even after doing 17 rehabs, I found it beneficial.
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3 April 2024 | 7 replies
Hiring a real estate photographer is one of the best choices we made.
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3 April 2024 | 2 replies
MY first choice is to get a HELOC on the Philadelphia property as there is not enough room for a cash out refinance.
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3 April 2024 | 4 replies
Your mentor has needs; try to meet them and develop a mutually beneficial relationship.A mentor can benefit your growth, but it's not as simple as one post on a forum full of strangers.
2 April 2024 | 8 replies
Consulting with a financial advisor or real estate professional may also be beneficial in determining the best course of action for your specific situation.
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3 April 2024 | 15 replies
To make the best choice, consider your time commitment, risk tolerance, and do some research on rental rates in your target area.
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3 April 2024 | 3 replies
So there are a few ways to look at this, the 1st question is are you sure your renovation’s will double the property value, most renovations on primary residences, your lucky to get 60-70% of the dollar cost back out upon sale, so really nail down your comps, than you have basically a math problem if your rate on your primary goes up how long if ever before that extra payment is more than 400k in taxes, that’s just a simple calculation to help you decide, but I suspect you actually have a different question here, from a purely financial perspective my guess is the best option is to do anything to avoid that tax hit, but one of the reasons to make money is to spend it on things that you enjoy, based on your overall financial picture and a subjective view of how much enjoyment you will get out of a renovated home, you should decide if you want to roll your profit into another deal or “cash-out” your winnings, I love cars and I’m willing to spend more than is fiscally smart on them because they bring me joy, there is nothing wrong with that, but i don’t think it’s a fiscally smart choice, without knowing your exact property id imagine a renovation would fall into that category, so that’s the terms I would use to decide.
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3 April 2024 | 17 replies
Examine your choices for funding, including partnerships, private lenders, FHA, VA, and conventional mortgages.6.
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2 April 2024 | 9 replies
the CPL and Abstract are title . you are free to choose any title company of your choice .
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2 April 2024 | 3 replies
As an agent I always tell this to my investor clients who are looking to sell:If it is a single family home - you are better off selling it vacant with fresh paintIf it is a duplex/triplex/quad - leaving one unit vacant and "rent-ready" can be beneficial.