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25 July 2024 | 10 replies
Typically we get paid our assignment at closing and the earnest money put down by the buyer is held by the title company in case a seller backs out.
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25 July 2024 | 18 replies
The calculation includes all costs going in and monthly costs if being held.
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25 July 2024 | 5 replies
You should have a 593 form from escrow that they held some money back, and then anything above what escrow holds above and beyond that amount your CPA will calculate to pay next April or October 2025 (depending if you push back the deadline/file extension).
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24 July 2024 | 15 replies
As much as I would think it would be overpriced, I would be willing to pay the same for a software that met all the metrics a RE investor would want in one single platform.My post isn't about how to make QBO cheaper, its about finding or creating a better system to track property performance, cashflow, debt, cap ex, and all the metrics we want to see along with our accountants.
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24 July 2024 | 7 replies
I held a lot of my stuff in storage or in a back closet that didn't need renovating.
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24 July 2024 | 5 replies
For example, last year I tried a BRRRR and it wasn't going to pencil, so I sold it... made a little $ but not nearly enough to justify how long I spent on it and how long I held it for.
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24 July 2024 | 2 replies
@Michael Snider-Held we hear stories like this all the time in the LTR market about the national companies.These companies are setup to make money, period, with little oversight from management.So, owners need to make sure they read management contracts and UNDERSTAND what is covered and not covered.
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23 July 2024 | 14 replies
That held me back for same time as well but once you select your exit strategy and build your team you will be off to the races!
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24 July 2024 | 18 replies
This type of retirement plans allow you to purchase real estate with your retirement funds, the asset would be held in the IRA.
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23 July 2024 | 0 replies
Despite this small drop, the strong presence of cash buyers reflects continued confidence in the market.Median Sale Price: Prices held steady at $325,000, showing resilience in the condo and townhome market.Dollar Volume: The total dollar volume decreased by 30.2% to $462.39 million, suggesting fewer high-value transactions compared to last year.% of Original List Price Received: Sellers received 92% of their original list prices, down from last year's 96%, indicating minor shifts in negotiating power.Median Time to Contract: The median time to contract increased by 76.9%, from 26 days to 46 days.