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20 November 2024 | 9 replies
Are there specific factors or trends you would suggest evaluating to make a more informed decision?
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25 November 2024 | 36 replies
As I evaluate this, I figured I'd share my account with my bookkeeper, but then realized that would also give them access to my accounts.Don't get me wrong, I like Baselane so far, but this might be a fatal flaw for me.
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21 November 2024 | 23 replies
Being in North Carolina gives you a great mix of in-state potential and easy access to nearby markets.As you connect with others, don’t hesitate to ask about any specific steps in wholesaling, flipping tips, or how to evaluate rental properties.
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19 November 2024 | 5 replies
The LLC will not have any employees and won’t conduct business or generate income in CA.
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19 November 2024 | 11 replies
If you’re self employed (or can be) with no full time w-2 employees outside of you and a spouse you should consider the solo 401k instead if SDIRA.
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20 November 2024 | 45 replies
If banks controlled all this business and did away with the broker model and like what I experienced the lender was a bank employee and was on salary not commish.. docs are prepped by the bank ( on my commercial loans that is free no charge NO JUNK Fees at all just appraisal and 1/2 a point to maybe 1 point. this is a stumbling block for owner occ especially first time buyers who dont have money for closing costs and generally need the seller to contribute you know I see it all the time on my starter homes that I finance for flippers.. virtually everyone has seller assist on it to pay for all the junk fee's and brokers fees.. its getting paid somewhere and that just makes it harder for those buying homes to live in ..
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17 November 2024 | 2 replies
For far too long it was too easy for these places to pay for reviews, have employees rave about a company, etc.
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20 November 2024 | 22 replies
I would also evaluate where you are at in life in regards to kids?
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18 November 2024 | 47 replies
Real estate, by default, is passive and the primary way to avoid the passive loss rules is to qualify as a real estate professional.Full-time employees and non-real estate business owners cannot qualify as a real estate professional (aka REPS status) because one of the tests is to spend more time in real estate than anything else (and it’s unlikely that you can convince the IRS or Tax Court that you spent more time in RE than your day job).
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22 November 2024 | 13 replies
I would evaluate at least 5 properties if there are that many in the area.