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10 October 2024 | 16 replies
Options1) I have some cash buyers who are ready to acquire the property under the as-is condition2) Make basic updates to pass U&O, rent it for two years, and refinance it after to take out my investment and profit. 3) Make an update to get the maximum value from the property (Bought at $126K, as-is value $165K, and updated value $265K)The challenge that I am facing is to make the title clean faster without waiting two years so that I can take my investment out and put it into the next foreclosures.
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11 October 2024 | 14 replies
The rent will offset the cost of your primary which allows you to save faster for the next one, plus it can become a rental property when you move out.
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10 October 2024 | 2 replies
By taking the equity from one property and reinvesting it into another, you can continue building your real estate empire without constantly injecting fresh capital.Why BRRR Works for Real Estate InvestorsThe BRRR strategy allows investors to grow their portfolios faster because it leverages the property’s equity to fund future deals.
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9 October 2024 | 1 reply
It allows a substantial portion of the asset's cost to be deducted in the first year of service.In 2023, the bonus depreciation rate is 80%.In 2024, it decreases to 60%.In 2025, the rate further reduces to 40%.COST SEGREGATION:Cost segregation involves dividing a property into its individual components for tax purposes.Some parts age faster, like carpets or paint.Your CPA can use this info to more accurately depreciate elements of your property leading to potential tax savings.BASIS:Your basis is the initial price that you paid for your property, including any expenses or improvements.Knowing your basis is crucial for tax purposes, as it's used to evaluate depreciation & determine the capital gains or losses if/when your property sells.LAND VALUE:This is how much your land is worth without any buildings or improvements.Land doesn't get old like buildings, so you can't depreciate it.
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11 October 2024 | 7 replies
We build some plugins to make this process much faster as well.
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7 October 2024 | 11 replies
It also makes Renter's insurance verification a breeze.I decided to try their premium features as with 29 units the yearly flat fee seem to justify the faster deposits, faster syndication, faster CS support.
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7 October 2024 | 9 replies
Anyone know if paying 1 huge principle payment at the end of each year would pay it off faster verses bi weekly payments?
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9 October 2024 | 10 replies
An argument can be made that you will build wealth and your net worth faster than if you invest in lower price points.
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8 October 2024 | 10 replies
They soon will be putting a rail line to get to Miami way faster for concerts and such which will only draw more coming into town for events plan to fly into Tampa for a more affordable plane ticket and housing.
10 October 2024 | 0 replies
When a property appreciates faster than rental prices, your return on equity (ROE) decreases in the long term.Additionally, suppose there’s a lull in appreciation rates.