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10 February 2022 | 13 replies
Down grading won't necessarily get you denied, but it will raise eyebrows for many UWs.
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24 May 2022 | 6 replies
To determine if the expense should be classified as a capital improvement or a deductible repair, the context of the expense is very important.An example is, if an item of expenditure is part of a general plan of modernization, renovation or rehabilitation to equipment or other business property, it typically must be capitalized even though on its own it would be currently deductible.According to IRS Code, expenses that you must capitalize are those that:Materially increase valueSubstantially prolong useful life (including replacement of deteriorating assets)Adapt the property to a new or different useHowever, you are allowed to deduct expenses and fees for routine maintenance and repairs that help keep the property in efficient operating condition.
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2 February 2022 | 0 replies
The doctor discusses your lifestyle with you and recommends some changes in your routine and your nutrition and suggests some supplements.
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12 February 2022 | 5 replies
In fact, every time I've looked, it's very non-linear.Smaller homes routinely show a larger $/sf than larger.
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16 May 2021 | 5 replies
We've found great apps that plug-in with our AirBnB booking calendar and allow routine processes like cleaning to be automated.There's a great opportunity nationwide as platforms like AirBnB & VRBO are experiencing a shortage of hosts.
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20 May 2021 | 9 replies
Biggest thing I see is routine maintenance and answering questions from people that are unfamiliar with staying in a camper.
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25 May 2021 | 7 replies
Maybe if you've done 50 deals and they know you are safe, but as a newer investor there are no ways to do this in the real world.In the day before the GFC this is how all OOS turn key worked:WEst coast marketing companies would get buyers ( these folks are still in business as we know)rehabber in the market Pick any turn key market would find a home that they could buy rehab and sell at 65% ARV which today pretty tough but in those days my company did close to 2000 of them as the A and D lender.So we would require ONLY 1k down from the borrower ( so not no money down but pretty close) I would fund the purchase and rehab the rehaber in the market say Detroit Chicago Memphis Jackson KC Indy those were all my markets. would do the rehab and once it was done they would do a refinance now my LA based buyer was already pre approved for the take out ( REFI) Just subject to a 442.. we routinely spun these deals in 90 to 110 days start to finish.. the LA based buyer would then do a 75% cash out refi and pay me off and they would normally pocket about 5 to 8k in cash that was to be used for reserves.. so no money down and actually cash out.My flipper made his money the west coast marketing guys got their commish and I made my fee's on the HML..
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18 May 2021 | 17 replies
You want a dedicated attorney who routinely does evictions.
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3 June 2021 | 6 replies
The decent producing Realtors, the ones that sell a fair amount of homes, already know what's up and aren't doing a lot of hands on hips drama routines with pointless threats and all that (top producers never do drama routines anyways, it's a characteristic of being a top producer, and in case someone takes this as gendered commentary because I referenced hips, it is decidedly not gender specific, drama propensity is equal opportunity in this case), but the lower producing realtors are all working on their Ph.D's in Drama Llama Sciences.
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19 May 2021 | 1 reply
Then start doing routine follow up so they know your serious.