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30 December 2024 | 89 replies
Finally, I would like to thank everyone else for your replies I know I expressed gratitude in each of my replies but honestly thank you, everyone, all your replies were beneficial, obviously I am just at the tip of my endeavor but I am going to now focus all my energy using the great opportunities that have been laid out for me using the feedback everyone in this forum has shared!
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2 January 2025 | 36 replies
It will reduce your travel and time costs when building a team and looking at properties.
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10 December 2024 | 5 replies
That can be used to buy down the mortgage rate or reduce closing costs.
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23 December 2024 | 9 replies
@Gash Nookala,Renting can indeed be slower in winter, but here are some tips to boost interest:Enhance Listing: Ensure your listing has detailed descriptions and high-quality photos—consider professional photography if needed.Competitive Pricing: Double-check local comps; even a slight price adjustment or incentives (like a reduced deposit) could attract more interest.Broaden Marketing: Beyond Zillow, Hemlane, and MLS, use social media, community boards, and local business connections to reach a wider audience.Flexible Lease Terms: Offering shorter or month-to-month leases might appeal to tenants during this slower season.Local Property Manager: A local pro can tap into their network and help fill the vacancy faster.These steps should help you find a tenant despite the seasonal slowdown.
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21 December 2024 | 10 replies
Interest reserves will greatly impact cash to close and cash to operate and capitalized interest rates will reduce required cash for duration of project.
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18 December 2024 | 15 replies
It keeps your asset, but rising costs and no property management may stretch your time and energy.1031 Exchange into WA: If local management and long-term appreciation in WA fit your goals, this could work.
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31 December 2024 | 418 replies
It’s best to channel energy towards the future and not dwell on negative things.
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22 December 2024 | 5 replies
Would love to be able to reduce the fee down to 10% or so, would really help with the numbers (although I think it would still not cash flow).
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20 December 2024 | 3 replies
But always keep your core values front and center.I’m curious... now that you’ve got this momentum, what’s the next step you’re considering to deepen those relationships and keep the positive energy flowing?
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20 December 2024 | 20 replies
Upon sale, gains are taxed as long-term capital gains, calculated as the sale proceeds minus your adjusted basis (initial investment reduced by any return of capital).