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18 October 2024 | 7 replies
Also, explain how you'll share the acquisition costs, such as the down payment, renovation, and closing costs.Payment Responsibilities: Explain how to divide and pay for regular costs like mortgage, property taxes, insurance, homeowners association fees (if applicable), and upkeep expenses.Management and Maintenance: Agree on how property maintenance, repairs, and improvements will be handled, including decision-making processes, funding for these activities, and responsibilities for performing or managing the work.Single Decision Point: For example, I've seen situations where one person agreed to replace an appliance while another strongly opposed it.
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16 October 2024 | 10 replies
If so, are they regularly making changes and optimizing within the tool?
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17 October 2024 | 3 replies
Everything is talking about the regular "get a mortgage buy a house wait for market to drop wait for rates to go down" which is totally fine and normal (and mostly how I make money as a realtor) but there are way more ways to buy than just that route!!
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16 October 2024 | 3 replies
I don't know about cheaper insurance (yet), but at the event I went to, they said that insurance companies were advised/required to NOT price them higher just because they were concrete homes as opposed to regular construction.I do think it's feasible that eventually they'd have lower premiums as they prove to be more durable/less risky.
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16 October 2024 | 2 replies
Just wondered if anyone had clever ways they regularly converted equity into cashflow without selling the property.
17 October 2024 | 15 replies
For all practical purposes, 100% bonus is dead, as far as I know.Depreciation, bonus or regular, starts when the property is placed in service, not when purchased and not when cost seg is done.
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17 October 2024 | 14 replies
But unless you are considered a real estate professional, you can only offset 25k of depreciation losses against your regular income per year.
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21 October 2024 | 176 replies
With US median household income in upper $70K, there is no way your regular 9-5 worker can afford to buy homes at the prices they were selling recently.
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17 October 2024 | 16 replies
Great tools that get updated regularly.
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15 October 2024 | 14 replies
My only reservation is the higher interest rates on these particular loan products vs regular residential mortgages.