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11 December 2024 | 6 replies
If you can hold on till first part of January the showings and everything else should pickup.This would be my action items: 1. hire a new agent that can sell the place, and get you numbers are rent and selling and sell the place. 2. be honest on the numbers you can get on an ARV so that you can sell it 3. start to get the conversation started with a couple lenders on what these numbers on refi would look like for you and this property 4. my suggestion would be to refi/rent before selling at a loss because if numbers work you can hold for a couple years then sell, but this is dependent on your cash position and liquidity of your situation.
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19 December 2024 | 22 replies
I can afford to have the unit empty, but obviously don't want to do that, and am at a loss around what I should do going forward.
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19 December 2024 | 50 replies
You can also recapture loss's in it compared to a C or S corp. so it does have tax planning benefits.
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10 December 2024 | 0 replies
Maybe even failure to take full advantage of an opportunity, resulting in a loss of potential profit or benefit.
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19 January 2025 | 147 replies
Nor took any action against 2 Trillion induced losses during GFC, by any banker or rating agency etc, but suppose it can't hurt to get some of your frustration out by filing a complaint, and the RADD managers may be dumb enough to give you back some of your money, as they purported to in 1 review (probably a lie).If I were in RADDs shoes today, I would have 2 choices, file bankruptcy and disperse assets after paying all liabilities, probably <50 cents on the dollar for investors, or do what they are doing, which is to go to church every day and pray for lower rates and tell the investors to go pound Sand.
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11 December 2024 | 29 replies
They do not just stop paying because there is a door knob loss, or a smoke detector missing a battery.
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31 December 2024 | 66 replies
Start with a small deposit, to minimize your potential losses.
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17 December 2024 | 16 replies
Year 1 is probably a loss though so that is something to consider.
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13 December 2024 | 13 replies
WikipediaLow crime rate: Never invest in any city on this list: The most dangerous cities in America, rankedLow operating costs: Good indicators of a pro-business climate include:Property taxes: State Property Tax Rates - Rocket Mortgage.State average insurance cost: Insurance - ValuePenguinState income taxes: Tax FoundationLow risk of a natural disaster: Natural disasters can devastate your property and the surrounding community, leading to job losses and the closure of shops and businesses.
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8 December 2024 | 26 replies
South Carolina's 6% Non-Occupancy TaxYes, the 6% property tax rate for non-owner-occupied properties in SC is real, and it can feel like a tough pill to swallow.