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26 March 2024 | 9 replies
Back then I really wanted to invest into real estate and I did value the knowledge of experts but the sales pitch made me think that my upfront 20k sacrifice would be repaid in a sequential frequency of wholesale deals based on claims of previous students with successful deals, thus reasoning it sequentially.
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25 March 2024 | 1 reply
I plan on submitting claim forms for properties I've sold that fall within the "Settlement Class" as defined by the US District Courts as part of the class action suits against NAR.
25 March 2024 | 2 replies
Getting large quick doesn't mean you can stay large.Regarding their historical returns, everything they sold was before interest rates started rising, so their claim of "$0 investment lost" may be more a function of timing than skill.I'm mostly curious about their massive 544-unit which was bought at about the worst possible time.
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25 March 2024 | 1 reply
While that is a huge jump in deductible, my thinking is that we should avoid submitting any claims anyways since that would likely result in premiums being jacked up the following year or even droppage of coverage.Does this make sense?
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26 March 2024 | 11 replies
DSTs (Delaware Statutory Trusts) are as close to passive real estate investing as you can get while still holding real estate and claiming the same tax benefits.
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25 March 2024 | 5 replies
.- what if your parents alone get the loan and buy the property, then quit claim deed it to a trust with all 3 of you as beneficiaries. the trust would have a jv / operating agreement outlining everyones percentages and responsibilities. the debt would only be in their name.- every investor reaches a point where their DTI is trashed and they have to move into different loan products. there are tons of lenders out there that specifically work with REIs & have many ways to navigate this. don't let DTI concerns keep you from moving forward. - LLCs provide minimal legal protection in case of an incident. work with an asset protection attorney to come up with a better plan if they are that concerned. also have great insurance and an umbrella policy.
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25 March 2024 | 8 replies
We'll start hearing about buyers getting screwed and suing listing agents in a few years, and O&E insurance claims will go up.How this ends, I don't know, but it's definitely go to be messy.
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24 March 2024 | 2 replies
@Katie TreacyNot a cpa but I believe it will do the opposite as you should be claiming it as income and paying taxes on it.
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25 March 2024 | 6 replies
With agents that are in the military referral network, I would claim it's almost more efficient (time wise) to do that rather than holding a license in both states, especially with how far Texas is from Nevada.
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24 March 2024 | 6 replies
Make sure you have that in writing.It is typically a simple quit claim deed.