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20 January 2025 | 7 replies
Additionally you can do a cost segregation study and get a lot of depreciation benefits to offset the rental income (and potentially other income).
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20 January 2025 | 11 replies
The decision to do a cost seg generally comes down to whether or not you can actually benefit currently from the additional depreciation.
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20 January 2025 | 10 replies
Over the past decade, I’ve built and managed purpose-driven homes in CA that serve communities while generating stable, long-term cash flow.In addition to running care homes, I also consult with aspiring care home owners across multiple states, including Texas, Arizona, and Michigan (Detroit area).
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5 February 2025 | 56 replies
In areas with rapid and sustained appreciation, you can use the equity gained through appreciation to purchase additional properties.
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28 January 2025 | 8 replies
Additionally, involve a real estate attorney to ensure the transaction aligns with legal requirements and protects both parties’ interests.
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26 January 2025 | 21 replies
Joel is revealing how much money “leaks” out when operations are not prioritized, and how much the bottom line can be enhanced when it is.
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17 January 2025 | 4 replies
They will have additional costs for mailing & online campaigns to get leads.
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30 January 2025 | 7 replies
We're fortunate to have an above-average income and live well below our means.This summer, we’ll be moving to Detroit (PCSing in August), and we’ve saved about $120,000 to invest in addition to having funds set aside for the home we’ll purchase in Detroit.The reason I’m posting is that I’m struggling to decide how to best allocate the $120k.
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30 December 2024 | 6 replies
https://nationalmortgageprofessional.com/news/study-reveals-....Not sure BP will allow that link to post, if not just google " 10000 saved using a broker vs direct lender" and you can find the article.On the flip side, there are some banks and credit unions that could offer products that they do not allow to be brokered.
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17 January 2025 | 1 reply
Purchasing the LLC gives you ownership of the property, but it also opens you up to additional legal exposure since the entity has been active, and there is no way to really know for sure what else they used the LLC for.