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20 October 2024 | 84 replies
No, you need to define YOUR end goal and just go for that.
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14 October 2024 | 14 replies
Welcome @Rebecca Morris,These are the 10 first steps I would recommend to get started in REI (real estate investing):1) Educate Yourself: Read books, take online courses, and attend seminars about real estate basics, market trends, and investment strategies.2) Set Clear Goals: Define what you want to achieve in real estate—whether it’s buying a home, investing in rental properties, or flipping houses.3) Choose Your Niche: Decide if you want to focus on residential, commercial, or industrial real estate, or perhaps a mix of these.4) Research the Market: Analyze your local real estate market.
12 October 2024 | 6 replies
Throw in a dose of imposter syndrome and fatalism and you have a recipe for some mood swings right before a property is booked again.From a practical point, I would recommend great photos, a clearly defined target to whom you are advertising and understanding the best pricing of an area really well to ake sure you get booked in a timely fashion.From a more meta perspective, be aware that these listings don't typically get booked well in advance (families displaced by flood or fire, traveling nurses who need a new contract ASAP, and construction projects that realize they need a speciality engineer on-site RIGHT NOW don't book ahead).
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16 October 2024 | 25 replies
This metric was the liveability and affordability metric which I cant define very objectively as median income, family friendliness of a suburb, affordability, shopping & schools and distance to major business centres comes into play.
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14 October 2024 | 37 replies
If you’re 50 or older a defined benefit plan can allow you to contribute $250,000 + per year tax deferred.
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11 October 2024 | 2 replies
I would expect a court to give tenant benefit of the doubt for anything not clearly defined.
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11 October 2024 | 56 replies
. - Making sure their responsibilities and your responsibilities are clearly defined, giving heads up about workers coming in to do upgrades/maintenance, being proactive about renewals, deposits, strict about the lease agreement (but lenient when it makes sense), etc. has been instrumental. 2.
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10 October 2024 | 2 replies
In states that define dual agency ad the broker being the dual agent (not the actual agent) it's going to happen constantly at the medium and larger size firms.
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9 October 2024 | 1 reply
Here are a few definitions that you absolutely must know.Bookmark this thread and use it as your cheat sheet for 2024.Okay, let’s dive in:Here are the terms that I’ll define in this thread:-DEPRECIATION-BONUS DEPRECIATION-COST SEGREGATION -BASIS-LAND VALUE-IMPROVEMENT VALUE-3115-RECAPTUREDEPRECIATION:Depreciation is the decrease in $$ value of your asset over time due to wear & tear, etc.Standard depreciation is deducted evenly over 27.5 years for residential and 39 years for commercial.Even w/o cost segregation you get to deduct depreciation each year.BONUS DEPRECIATION:This is an accelerated depreciation method.
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13 October 2024 | 23 replies
They have relationships with lenders who think outside the box and can offer more flexible underwriting criteria.I know it's frustrating, but there are definately options out there.