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17 October 2024 | 6 replies
You’re shoveling snow with a shovel; they are using a snow plow.
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18 October 2024 | 7 replies
This phrase would concern me, outside of just using a form agreement - "in order to grow as quickly as possible."
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17 October 2024 | 10 replies
My question is, when is it the right time to start using a property management software and which one would work best for my current situation.
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17 October 2024 | 7 replies
If you are leaning towards using a property manager or think you may at some point, just make sure you budget for that in your analysis so that your cash flow figures are taking that potential expense into account.Since this would only be your first property, I don't think you need a professional hiring firm--it would probably be more beneficial for you to do the interviewing yourself to be sure that you set expectations properly, are aligned, and can work well together.
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16 October 2024 | 10 replies
I bought a wholesale property last January using a hard money loan with 80k in renovations.
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15 October 2024 | 16 replies
So, your portfolio will actually be sucking cash out of your life, if you buy a traditional long-term rental using a HELOC as your down payment, for many years.
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21 October 2024 | 59 replies
Thanks I have originate many of these AIO loans for almost a decade so I am familiar with the products, the pros, the cons (nothing is perfect), the qualfications needed, how to utilize them, etc.I dont use the AIO personally however Implement a similar strategy manually using a commercial line of credit which is similar in that its based on daily interest (Rate/365Xdaily balance = daily interest cost).
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17 October 2024 | 3 replies
The main differences I can spot are the fact you will have 5 separate tax parcels/ID’s to pay and you will finance the property using a blanket mortgage.
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16 October 2024 | 1 reply
This lets you claim the previously missed depreciation all at once on your current return, using a Section 481(a) adjustment.