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29 January 2025 | 10 replies
Each has its pros and cons, but starting with House Hacking can be a great way to ease into real estate while keeping your living expenses low—perfect for someone just starting their career.Here are a few suggestions to get started:Education: Books like Set for Life by Scott Trench (sounds like you’re familiar with him!)
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17 January 2025 | 7 replies
I’d love your input on whether this deal could appeal to investors and how best to structure it.Property Details:Worth: ~$300,000HOA: $273/month, Taxes/Insurance: ~$170/monthCurrent Rent: $1,880/month (long-term); next tenant advertised at $1,950/month.Mid-term rental potential: ~$2,400/month (I haven’t tried this, but it’s my estimate).My Financing Idea:Large down payment: ~$125,000 (This is my priority to reinvest elsewhere).Seller-financed balance: ~$175,000 at 4.25% for 30 years.Buyers take over taxes, insurance, and HOA.Questions:1.
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20 January 2025 | 37 replies
Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.
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21 January 2025 | 14 replies
Therefore, you will want to confirm that the trust company allows for investing in an LLC and the associated fees and minimim balance that applies to the IRA account.2.
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22 January 2025 | 3 replies
Find one that fits with your life and how much effort/capital you have.
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20 January 2025 | 7 replies
But IRS allows an IRA to be invested in anything except life insurance and collectibles.
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17 January 2025 | 6 replies
You want to find a balance of investing experience, but strong track record of multifamily sales (which you can see on their Zillow profile).
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21 January 2025 | 2 replies
Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.
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25 January 2025 | 12 replies
Personally, after working with numerous property managers in Las Vegas, I only trust two to handle this task for my properties.Compliance Is ComplicatedProperty management involves navigating a maze of city, state, and federal regulations.
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22 January 2025 | 203 replies
Passengers in their own life.