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1 February 2025 | 0 replies
But I understand where I’m at now, and am willing to work for free until I can provide such value.A little about me.
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18 February 2025 | 9 replies
As you mentioned intentional flips are typically considered inventory-This means the income is ordinary income and as such: - Is not a capital gain, so hold time of 1 year does not change to a better long-term capital gain rate - Can not be invested in a QOF Deductions related to it can't be pushed or changed- all costs are accounted for with the inventory component
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21 February 2025 | 12 replies
What are you accounting for when you say out of state investing requires more capital?
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4 February 2025 | 9 replies
While it provides opportunities for buyers who may not qualify for traditional loans, it's important to ensure affordability and long-term sustainability.
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23 February 2025 | 24 replies
You can still find homes in these markets, among others, that are priced between $160k to $275k that still provide passive income, allowing your residents to pay down your mortgage, cover your other expenses and still have excess money to either save in an account for future investing or pay down your existing mortgage faster.
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5 February 2025 | 5 replies
Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.
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5 February 2025 | 5 replies
Recently, I became a licensed agent specializing in short-term rentals and multifamilies, particularly in vacation markets and Worcester County.I joined BiggerPockets to share insights, learn from others, and connect with investors who want to scale their portfolios.For those who are active on this platform:-What’s the best way to introduce myself and provide value here?
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23 January 2025 | 7 replies
I have some of the required funds in a HYSA, but will most likely need to draw from another account and I'm curious which method is the most efficient in terms of taxes/capital gains, penalties, loan repayments, etc.Based on my previous transactions in the market, I estimate ~$45k cash to close: $20k for the down payment, $15k for closing costs and prepaids, and $10k of starting reserves.
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8 February 2025 | 9 replies
DM me, and I will send you contacts for attorneys, lenders, and accountants they have previously used.
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22 January 2025 | 2 replies
However I’m not ignorant to the fact that there is a lot out there just collecting money and not providing much.