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5 February 2025 | 0 replies
-Transfer the property into an LLC – This may allow me to take ownership while potentially avoiding property tax reassessment, however this sounds like an involved process-Establish a living trust for my aunt and mother – The trust would specify that I inherit the property upon their passing and provide step up in cost basis but i'm worried that the living trust can be modified to have me removed (who knows what can happen) - My mother is somewhat volatile.I would like to live in the property and my mother will live in her second property with her husband.
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3 February 2025 | 2 replies
My model is NOT good for LTR as it's not cost effective.
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9 February 2025 | 4 replies
I think mine cost 1800 for a 400,000 LOC, but I'm a noob and may have got a bad deal.
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9 February 2025 | 3 replies
@Ross DerouenBigger Pockets is a great place to find an accountant specializing in real estate taxation.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant specializing in real estate taxation, business taxation, financial planning and tax planning.Consider working with your accountant remotely to expand your options.I would also recommend looking for an accountant willing to work with you throughout the year.
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4 February 2025 | 9 replies
Seller financing can be a valuable tool when used correctly, but its effectiveness depends on how it's structured and implemented.
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10 February 2025 | 12 replies
Be conservative on your rehab budget, rehab timeline, holding costs, etc.
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16 February 2025 | 7 replies
i would love to buy a 3-4 unit that could both reduce my cost of living and cash flow. move out and redo the process a few times every year.
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13 February 2025 | 0 replies
How much do you pay a bird dog for finding you property leads?
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13 February 2025 | 3 replies
Key risks in the BRRR 2.0 strategy include construction delays, cost overruns, market fluctuations, and difficulty refinancing if the property doesn't appraise as expected.
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17 February 2025 | 11 replies
It's boring and takes more capital so it's not as exciting but it has been effective and I feel its something everyone can do.