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5 March 2019 | 70 replies
Below are the formulas we use:ROI = (Income - DebtService - ManagementFee - Insurance - RETax - PeriodicFees) x (1 - StateIncomeTax) / ( DownPayment + ClosingCosts)Cash Flow = (Income - DebtService - ManagementFee - Insurance - RETax - PeriodicFees) x (1 - StateIncomeTax)The results will enable you to make an informed decision on whether this location makes sense or if you need to look for another location.Another long post but I hope it helps.
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31 August 2022 | 4 replies
Since MLSes are generally where all of the info on 3rd party sites are aggregated from, I typically find this to be the most accurate/preferred method for pulling rental comps.If you don't have access to an agent, I think the best way to go about it is by checking what other landlords are charging around you as this will enable you to get a sense of your competition in real-time.
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23 March 2021 | 18 replies
If you give, even when it seems not to be paying off in tangible ways, something happens in your core that enables you to succeed, so give and don't doubt it's worth every effort.Best of luck!
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9 July 2022 | 13 replies
Wifi enabled smart thermostats also help by allowing you to turn down the heat after renters leave.
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15 March 2023 | 30 replies
Survivors create a floor for greater growth in the future. if we continue to enable perpetual growth of inefficient systems then it means we build bigger houses of cards.
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17 October 2016 | 31 replies
Here are their claims: • Give you ironclad protection of your personal valuables • Give you the ability to save substantial amounts of taxes every year • Give you the power to defend yourself against IRS attacks • Prevent legal disputes and save you $1,000’s in legal fees • Enable you to successfully operate your real estate businessThe Real Estate Operating Agreement ExtraordinaireThe operating agreement (OA) is the nuclear LLC document.
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7 February 2023 | 25 replies
My meetup network has 5-6 of us who were all musicians, which we find pretty amusing.
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30 January 2016 | 20 replies
It enables me to screen calls and/or forward straight to voicemail after screening without even "answering" the call.
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23 January 2023 | 0 replies
Couples can combine their exclusions, enabling them to pass on nearly $26 million, before or after death- Colorado (Act SB22-238) reduces the valuation for assessment of residential property, including multi-family residential property, from 6.9% to 6.765% of the actual value of the property (Increasing to 6.8% in 2024); and reduces the actual value used for purposes of the valuation for assessment of commercial real property by $30,000 and of residential real property by $15,000- IRS allowing bigger contributions to retirement accounts: Employee deferrals increase from $20,500 to $22,500, catch-up deposits (over 50) increase from $6500 to $7500 (all increases apply to 403(b) plans, most 457 plans and Thrift Savings Plans), and contribution limits for IRA’s have increased from $6,000 to $6,500 while catch-up contributions (50 and older) remains at $1,000-IRS increases income thresholds for the Long-Term capital gains brackets: 0% Single (up to $44,625) / Married (up to $89,250), 15% Single (up to $492,300) / Married (up to $553,850), 20% Single ($492.301 and up) / Married ($553,851 and up)References:https://www.mansionglobal.com/articles/5-property-tax-changes-hitting-u-s-homeowners-in-2023-01672313496https://leg.colorado.gov/bills/sb22-238https://www.cnbc.com/2022/12/31/5-tax-investment-changes-that-could-boost-your-finances-in-2023.htmlhttps://www.cnbc.com/2022/10/20/irs-how-much-income-you-can-have-for-0percent-capital-gains-taxes-in-2023.htmlhttps://www.redfin.com/city/6463/CO/Estes-Park/housing-market