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9 December 2024 | 10 replies
In the Tucson area if you want to be in a nicer area the price point is between 250-300k I am definitely open to a fixer upper/ possible flip.
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9 December 2024 | 1 reply
This is my second step into this world.Quick introduction about me:I'm 28, I live in a small town in Quebec, Canada.
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10 December 2024 | 14 replies
Would you be better putting the $100k in the stock market, or in a treasury bill at 4% or do private lending at 10-12%?
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12 December 2024 | 5 replies
I live in a VERY high demand tourist area with lots of rental properties and I have been working in property management for 5 years. 2 years ago, I ventured out onto my own because I was pregnant and wanted to work from home and stay with my baby.
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10 December 2024 | 39 replies
And I don't think it was a very serious offer, it came up in a conversation about selling my team, which is absolutely not on the table.
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11 December 2024 | 8 replies
All Contractors are subject to the lender’s determination that the contractors are qualified and experienced, have all appropriate credentials required by the state, are financially able to perform the duties necessary to complete the renovation work in a timely manner, and agree to indemnify the borrower for all property losses or damages caused by its employees or subcontractors.Multiple Specialized Contractors:Ø Since this is a limited repair/renovation program, no General Contractor is required.
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9 December 2024 | 4 replies
I have another property I'm getting ready to close on that will be an Airbnb so it's a direction I'm going in as well!
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9 December 2024 | 2 replies
As long as you specify the bank name, address, and interest rate in the lease, you're meeting the legal requirements.To avoid the hassle of having to have the tenant sign the lease twice, you can simply leave the account number blank in the lease and note that the deposit will be held in a specific account at a designated bank.
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7 December 2024 | 4 replies
But since it was being used for investment when you sold it you also qualify for a 1031 exchange.If you find that you still have any taxable gain leftover after the primary exemption, then you can indefinitely defer that tax and not have to recapture any depreciation in a 1031 exchange.
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9 December 2024 | 20 replies
exactly Chris Clothier made a good point on another thread where his opinion is any cash flow first should go into reserves once reserves is in a good spot the remaining cash flow should go to principal paydown..