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6 January 2025 | 57 replies
The maximum leverage I have ever seen in trading accounts is 50%, and that's very limited and select.
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8 January 2025 | 33 replies
Monitor the account that all x number of payments went out.
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12 January 2025 | 12 replies
Many banks handling tax escrow accounts for mortgages have mistakenly thought there was one tax due twice/year or totally missed one of the taxes.Investors should research the SEV and the Non-Homestead property tax millage rates to project what the property taxes will be after adjustment.
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2 January 2025 | 10 replies
@Elizabeth KingYour accountant is wrong.
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9 January 2025 | 5 replies
That is your denonimator.You also take the cash flow you get from rent minus all your expenses, so at end of day how much $ is in your bank account for the entire year.
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7 January 2025 | 9 replies
As a co-host for short term rentals, you may not need a license as long as you're not crossing over into activities that could be considered brokerage activities like handling any contracts, collecting rents, doing any accounting, approving tenants, etc.
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7 January 2025 | 1 reply
There's no step by step guide but there are key things : Learn: RE strategies, what interests you, what do people in your area need.Connect: find a mentor, accountability group and be around those doing what you want to do.Help: solve problems- do people need dealflow, property mgmt, construction expertise, etc.
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7 January 2025 | 8 replies
In most cases due to the transaction sizes, there's very little margin for these 3rd party vendors (particularly brokers, property managers and contractors).
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20 January 2025 | 33 replies
What type of neighborhoods and sizes of properties are you considering?
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12 January 2025 | 2 replies
Account for all costs, including closing fees, holding costs, and repairs.