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22 January 2025 | 2 replies
Additionally, lenders may require a release price (a specific amount to pay down the loan) for each property sold, which can complicate the strategy.It’s worth discussing these details with a trusted lender or mortgage broker to ensure the plan aligns with the loan’s terms.
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22 January 2025 | 5 replies
From a tax standpoint, there are additional disclosures to make when selling a business asset for less than fair market value to a related third party.
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15 February 2025 | 21 replies
Every property i use it i make additional tweaks.
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7 February 2025 | 49 replies
Since then I've bought two apartment complexes and will be building additional units on them using knowledge and processes learned for Jerome and his colleagues.
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23 January 2025 | 7 replies
NEVER borrow from a 401K, you are taking pre-taxed dollars and paying it back with after tax dollars, you do not get to return the loan with pre taxed dollars, in addition, some 401K plans do charge interest and maybe even fees, and lastly if you get laid off for some reason, it is a distribution with all the "fun consequences: tax at the last dollar rate, and if you are under 59.5 there is also the additional 10% penalty.Personally I like the HELOC, however you can also sell stocks and do tax harvesting there to offset gains if that is an option
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31 January 2025 | 22 replies
However if you had done a warranty deed (or a special warranty deed if you still have a mortgage on it) instead, your LLC has a claim against you for the issue on the title, and you in turn can go back to your initial title insurance to fix it.Some title insurance will allow to transfer the coverage to an LLC that you own 100%, but not all of them do or they may require an additional fee.
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10 February 2025 | 62 replies
Ya have to learn to mitigate multiple hurdles, in addition to making intelligent and educated moves.
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4 February 2025 | 24 replies
Charging an additional 15% seems a little ridiculous.
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19 February 2025 | 25 replies
They are all pretty the same this one cash flows the least amount but has some additional upside.
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22 January 2025 | 10 replies
You don’t get to just expense the additional real expenses.