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15 January 2025 | 5 replies
To throw a wrench into things, if we were talking about real property/structures that were being short term rented, it's possible/likely that your depreciation period would be 39 years, not 27.5.However, a vehicle - which is what an RV is, regardless of how you're using it - is 5 year property.
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16 January 2025 | 3 replies
We have made money buying properety based on cash flow (lower priced) rented out for a period, then selling to an owner occupant.
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17 January 2025 | 4 replies
He uses poorly thought through methods, I've listened to his "methods", Thus, he has the high amount of Due On Sale called in a short period of time.
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20 January 2025 | 31 replies
I make my regular interest-only payments for the first 7 or 8 months, and my interest-only period lasts 5 years.
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10 February 2025 | 16 replies
Was it something you started out on or was it more after a period of success with a different strategy?
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13 January 2025 | 11 replies
If I only need a small amount for a short period of time, a HELOC works great although rates are variable.
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3 February 2025 | 31 replies
A number years ago, I went to town buying a bunch of rentals in a short period of time and I can assure you they took money from my family instead of putting money in my family pocket.
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16 January 2025 | 12 replies
I just meant to say that it's our next goal to build that up, having just gone on a spending spree on fixing up both properties in a short period of time.
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27 January 2025 | 9 replies
Sorry, what I meant is if she lives in the house for 10-20 years with you paying for everything, you are paying for her housing for that period of time.
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3 February 2025 | 37 replies
There is always a transition period where selling owner stays on and over time new owner transitions into full control.