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26 November 2024 | 11 replies
I would likely use the equity to purchase more real estate so I might just 1031 into a new propertyCaveat: I am not a CPA, tax professional, lawyer, IRS afficianado or other expert in taxes, but...If you have lived in the property for two of the last five years, you should be able to capture that $100k in appreciation without needing to go through the hassles of a 1031 exhange.
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25 November 2024 | 2 replies
One upside to me would consistent rent scale, meaning if you upgrade one unit early, you set the table for all of the units when done because they are all the same.
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21 November 2024 | 6 replies
But, excel is totally fine in the beginning (in addition to your PM software to capture transactions outside of the properties).We use QuickBooks Online exclusively for all of our REI Clients.
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26 November 2024 | 4 replies
So I need to get a template I can use consistently.
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27 November 2024 | 7 replies
For instance, a duplex can offer more consistent income since if one tenant vacates, you still have another paying rent.
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1 December 2024 | 31 replies
Learn how to consistently hit singles and doubles, and don't be ashamed to take the occasional walk. 5 years is a very short time frame to go from no RE to financially free (although you may already have property, which is an awesome start).
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27 November 2024 | 16 replies
Or it could be that the recipient inadvertently dropped the email (it happens).But if two-way communication has been established and you’ve found that the sponsor is consistently slow to respond, that would be cause for concern.
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27 November 2024 | 10 replies
Doesn't have to be a lot of hours but gives you consistent income as you flip(would be 60/90+ days till you see a return).
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27 November 2024 | 4 replies
However the negative reviews have been consistent for a few years, and still recently, so that is a concern.
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14 December 2024 | 101 replies
So... as a good fool, I end up signing for the 3 days course expecting to have good lessons.I then went to the seminar that I left after 2 days of consistent brain washing.