7 January 2022 | 10 replies
or should we hold our own investor meeting via Zoom or FB messenger just to be able to talk about our concerns at least?
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15 July 2021 | 9 replies
He was getting ready to send about $4,000 via Zelle to someone but luckily his gut feeling was telling him something is wrong.
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14 July 2021 | 19 replies
Owning Real Estate and owning companies via stock will both get you there.
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13 July 2021 | 2 replies
You could also buy properties via partnerships if you have others who are willing.You will figure it out, I promise!
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16 July 2021 | 9 replies
Instead of asking if you should get it, you should research what being a real estate agent entails and if it will benefit you.if you have another job, you will likely be doing the real estate license part-time.There are two main reasons that people get the real estate license1) To make money via commissions2) to have access to the MLS and view properties(I don't think this is a good reason as you can view sites like zillow/trulia/redfin)Real Estate investing is hard in itself, no need to spend the many hours taking classes/exams to complicate the investing portion of real estate.
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15 July 2021 | 3 replies
@Jayden HamiltonIt depends on several factorsFederal considerationsCapital gains tax rates are either 0%, 15% or 20%You may also be subject to a 3.8% net investment income tax depending on your income levelsDepreciation recapture is taxed at a maximum of 25% tax ratesState ConsiderationsYou also have to factor the state tax rate of the state if the property is located outside of Illinois.Some of the taxes may be a mute point if you decide to take advantage of a tax deferral via 1031 exchange or QOF.Speak with your CPA if you want a more specific answer.
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14 July 2021 | 1 reply
No comment on what you should do, but your calculations in 3-5 should probably include equity built up via mortgage paydown and a conservative number for appreciation.
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19 July 2021 | 16 replies
To the OP, as stated by others, you will not be able to offset any of your W-2 income via RE.
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14 July 2021 | 0 replies
Has anyone put up a billboard or done marketing on the local transit buses or anything of that sort ?What were your costs vs return on your investment ? was it successful ?Thanks
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14 August 2021 | 7 replies
Yes, meetups are the best way to learn (in-person and via Zoom) and just make connections and listen to what others are doing.