29 June 2022 | 18 replies
My family argued that what I am doing is not a real job, then they saw I stopped going to the terrible job, and started complaining, so my inventory to provide the products has filled up my 10 x 10 room, half of the other room, and part of the garage.
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3 July 2022 | 9 replies
That's a lot of info, and I'm not entirely sure I follow everything after one read-through...However, this may be relevant: I was recently looking at doing a cash-out refi to fund purchasing another property, and in my case, the numbers really didn't make much sense because it would have turned the property I had from a cashflow all-star into a mediocre cashflower, all so that I could buy another property that would also be a mediocre cashflower in a market that is very uncertain...in essence, I would have been taking on way more risk for no increase in net cashflow (sure, you could argue that the new property would have added a new source of appreciation to my bottom line, but right now doesn't seem like the best time to be reliant on short- or mid-term appreciation).
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20 June 2022 | 15 replies
Now, if you assumptions are very aggressive, meaning you have no room for vacancy to run a little higher than historic averages over last few years, and/or you are squeezed so tight that any drop in nightly rates will put you under, then it is not the right move.But I would also argue that medical office, may or may not be any safer.
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13 June 2022 | 10 replies
I see your point here but I would argue that a lower monthly mortgage leads to higher returns and ability to invest that money elsewhere.
5 February 2022 | 10 replies
@James BaucherI would say that it could be argued that the closing date should be the date the judge approved the sale but most people will say that the date on the deed is the closing date as the date on the deed is the same as the closing date for the great majority of Transactions.
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11 February 2022 | 14 replies
Those operators that handle as distributions as return OF capital argue it reduces LP tax liability - given the amount of depreciation these deals generate - most of the income is sheltered anyway.
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4 February 2022 | 7 replies
I would argue that it's pretty risky compared to putting down 20%, but the more units you buy, the more your risk is spread out.
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7 February 2022 | 24 replies
Based on the fact you have presented in this email chain, I would expect the buyer to argue that by not checking the appropriate box on your disclosure form, you misled him/her into believing that no potential environmental defect in title existed.
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7 February 2022 | 4 replies
@Muhammed Mbye you only have about a thousand to choose from, but some classics include, "The Book on Rental Property Investing", "Buy, Rehab, Rent, Refinance, Repeat", "ABCs of Buying Rental Property", "Long-Distance Real Estate Investing", "Build a Rental Property Empire".
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9 February 2022 | 9 replies
But if you're living in a 7 bedroom space with a ton of roommates, maybe getting into something smaller where you have more privacy and don't have to argue about who's dirty dishes are on the counter.