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10 July 2024 | 50 replies
I say hopefully because many of these payments are reduced or altogether eliminated by any amounts owed by the beneficiary to other government agencies, such as income taxes, loans, etc.Bottom line is that this is a business, requiring all the skills and assets and expenses necessary for all businesses.
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8 July 2024 | 2 replies
The owners of TICs receive deeds, though, and I'm wondering whether those can be "lady bird" deeds with a beneficiary, which would also eliminate probate.
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12 July 2024 | 23 replies
Finding the right property eliminates the majority of hassle you'll get as landlord.
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11 July 2024 | 22 replies
Your free cashflow jumps up once you have eliminated one, gives you more $ to tackle the next one.
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12 July 2024 | 79 replies
We will use cash flow to eliminate debt and not use cash flow for personal income until they are all paid off.We want our next primary residence to be our last family move.
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9 July 2024 | 28 replies
SAY THE ABOVE IN YOUR OWN WORDS, BUT DON'T DEVIATE- NOTE: LET YOUR BUYERS KNOW TO USE THE SAME AGENT WHO IS LISTING THE PROPERTY CURRENTLY AS THEIR LISTING AGENT WHEN THEY ARE READY TO SELL- YOU AND BUYER THEN COMPLETE THE ASSIGNMENT CONTRACT - (INDICATE YOUR SPREAD TO THE BUYER- BEFORE THE CLOSING- WOULDN'T HURT HAVING THE BUYER INTRODUCE HIMSELF AS ONE OF YOUR FINANCIAL ENTITIES-- THIS WILL A) ELIMINATE YOUR BUYERS ELEMENT OF SURPRISE WHEN HE SEE'S YOUR SPREAD AT CLOSING B) SO THE AGENT OF SELLER ISN'T CONFUSED OR FEEL MISLEAD, CALL THE AGENT BEFORE CLOSING TELL HIM THAT YOU HAVE ALOT GOING ON SO YOU WILL BE HANDING THE PROPERTY TO YOUR FINANCIAL BUSINESS PARTNER (AKA CASH BUYER) HOWEVER , NOTHING YOU AND THE AGENT AGREED UPON HAS CHANGED.
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12 July 2024 | 155 replies
Any cities that constantly change rules in a major way looking to eliminate rentals I just avoid completely - personally.
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7 July 2024 | 1 reply
The downside is that borrowers would be required to pay the mortgage on the full cash out amount from loan inception, the benefit would be that the actual interest rate could be closer to the 7%'s than the 10-11-12%'s (also with an interest only repayment option) and the need for a new mortgage (second loan on the target acquisition) could be eliminated if the equity position on the refinance is large enough.
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3 July 2024 | 3 replies
If “wholesaler” (used in the sense of contract flipping, not people who close on purchase and resell) were required to disclose in writing to home sellers that they are not purchasing the home, are only trying to “flip” the contract, and the sale will only close IF a buyer at a higher price can be found, would this eliminate the need (if a need does exist) for government regulations being enacted and or for “wholesalers” to be licensed real estate agents?
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8 July 2024 | 20 replies
Real property is held outside the retirement account, and while tax is paid on income/rents, depreciation will defer about 30% o the income, and the new tax law may eliminate tax on another 20%.