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5 February 2025 | 9 replies
The one who thinks that they are masters of the universe in EVERY area of life, has 30 different businesses, claims to be fit as a fiddle, with a life in perfect harmony, shows off huge toys, has 30 different businesses, including selling their time by the hour to provide coaching... this person is not running a real estate syndication business.
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29 January 2025 | 107 replies
For deals I do, I try to write in under the inspection section in the purchase agreement, “any and all recommend by home inspector including but not limited to inspections checked no above.”
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23 January 2025 | 56 replies
I read on Lee Arnold system . com that joining the inner circle gives access to up to 100% financing on residential loans including Property Purchase Price + Closing Costs + Rehab Costs if that amount is 65% of the after repair value (ARV) as determined by a third party appraiser.
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20 January 2025 | 22 replies
I also purchased these while residing in CA!
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4 February 2025 | 13 replies
Follow all safety requirements your Insurance Company plus city and county require.This usually includes childproof access and alarms.
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8 February 2025 | 2 replies
If the landlord or their employee did the work themselves, they must include a description of the work, how long it took, and the hourly rate they charged.
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7 February 2025 | 6 replies
I am particularly interested in turnkey properties and single-family rentals, but I am also open to exploring other options, including duplexes and different investment strategies.
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21 January 2025 | 10 replies
The first is that there's no consensus between tax professionals, and the second is that you will not like my personal interpretation.My interpretation is:Until the property is "placed in service" - everything goes into basis.Illustration.You buy a property July 1st.You finish rehab November 1st and put the property on the market.Your tenant moves in January 15th.The property was placed in service November 1st, and it does not matter that the tenant did not move in until the next year.Everything paid between July 1st and November 1st, including interest and utilities, goes into basis.
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22 January 2025 | 22 replies
Any amount you purchase less than you sell, or any amount of cash you take out is considered to be profit.
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19 January 2025 | 9 replies
Just curious, what did you end up purchasing after and why?