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12 April 2023 | 17 replies
Anticipating a meaningful response from Awning.com.
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7 February 2024 | 3 replies
I am passionate about real estate and would love to have the opportunity to learn from someone while at the same time provide value and make meaningful relationships.
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18 April 2023 | 93 replies
They're very understaffed and focus on extracting maximum profit for minimum effort.
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7 February 2024 | 12 replies
Liquidize the primary residence to extract the equity3.
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4 February 2024 | 11 replies
And while you may still need a CPA for tax prep and maybe advice it is a lot easier to have those discussions when you already have all the info at yours(and their) finger tips so that you can now have really meaningful conversations about strategies, tax planning, etc. 4) it’s usually a lot cheaper (did I mention that) to have a bookkeeper for the mundane stuff and you can spend the $$ on the CPA where their time is much more expensive and you now need less of it.
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25 July 2012 | 271 replies
Regardless, I'm not happy with health care legislation until they take meaningful steps towards lowering health care costs and encouraging individuals to take care if themselves.
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7 February 2024 | 2 replies
She works fast and responsive but she never gives me any meaningful suggestions or recommending properties, but showing homes only when I ask.
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29 November 2018 | 50 replies
So until the "big boys" start using Series LLCs, it will likely not generate any meaningful caselaw for a while.
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6 January 2023 | 36 replies
if someone says "I gross 50k rent per month", that isn't very meaningful without knowing what the net is (their net might be 45k, or they could be treading water and netting $0...or, they might even be cashflow negative; losing $2k/mo, etc.).re: paying off mortgages...assuming a property is performing well with a mortgage, and assuming that mortgage is locked at a low rate (esp. if it's lower than the current rates you could get on a new mortgage at a new property), then it often doesn't make much sense to pay off the mortgage yourself--especially if paying it off makes a minimal difference to cashflow.Here's an extreme example to illustrate that point:Let's say you have mortgage locked at 3%, and the property currently cashflows $500/month. ...and let's say there's $300k left on the mortgage, and paying off the mortgage would increase your cashflow by $100/mo...and let's also say that today's rates are 7%....paying that mortgage off wouldn't make much sense (you'd be paying 300k just to get 100/month more cashflow, and you'd be losing your low rate that you can't get again with a new mortgage, because rates are now higher). ...that $300k could be put to much better use elsewhere...On the other hand, if you had a property with only $2k left on the mortgage, and paying off the mortgage would increase your cashflow $500/month...then yeah, in that scenario it probably makes sense to pay $2k to increase your cashflow $500/month (even if it means losing your low rate).So yes--theoretically, in some scenarios, it CAN make sense to pay off the mortgage.
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19 December 2023 | 3 replies
Even if we took out a smaller loan, I would think we'd be able to get a meaningful DSCR commercial loan of between $400k-$500k (correct me if my math is wrong).