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12 February 2025 | 5 replies
Using 50% rule (expenses excluding P&i is 50% of rent) here are the numbers;1800 (rent) - $900 (expenses) - 1468 (heloc) = negative $568/monthAt your rent point with that size unit, your expenses will ve less than depicted by the 50% rule, so let’s use a likely more accurate 40%1800 - 720 (expenses) - 1468 = negative $388/monthNow let’s imagine you self manage and you time is not worth anything (I strongly recommend believing your time is worth less or worth less than a quality PM would charge) with 8% further reduction so expenses are down to 32%1800 - 576 (expenses) - 1468 = negative $244/month.
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24 February 2025 | 94 replies
People would no joke sit there and pull out a stack of credit cards putting this much on this one, that much on that one, all to get up to the total.
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29 January 2025 | 4 replies
Quote from @Ashish Acharya: @Sanjai Dayal If your LLC owns the commercial building and leases space to your medical practice LLC, it’s essential to charge rent at fair market value (FMV) to avoid IRS scrutiny.
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30 January 2025 | 62 replies
Green card/Student/etc etc permits/visa.
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4 February 2025 | 12 replies
It gives you the flexibility kind of like a credit card that allows you to borrow a certain limit and withdraw funds as needed.
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5 February 2025 | 5 replies
Many out-of-state investors make big mistakes that cost them far more than a property manager would charge.
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29 January 2025 | 1 reply
You can be charged with wrong doing up to 10 years after you buy the property.
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23 January 2025 | 39 replies
Can you pull the cash off the business credit card?
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11 February 2025 | 11 replies
They will provide you with an overview of what needs to be done and what they will charge.
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4 February 2025 | 7 replies
Home warranty programs charge a trip fee every time you file a claim, and they use that fee to compensate the vendor.