21 August 2024 | 182 replies
But the overall benefits to the economy for homeownership vs. renters, in my opinion, is worth the trade-off.
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21 August 2024 | 3 replies
But often it’s just the thought that you’re achieving something when all you’re doing is trading a perceived psychological benefit for future wealth.
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21 August 2024 | 15 replies
Find Pet Sitters & House Sits Worldwide | TrustedHousesitters.com It is a site that trades pet / house sitting for free housing.
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23 August 2024 | 19 replies
The best thing he can do (if he wants to go to college) is do something he loves that will also get him a job at the end (eg STEM fields or trades).
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20 August 2024 | 4 replies
This includes rental income, which is typically taxed at a flat rate of 30% unless you elect to treat the income as "effectively connected" to a U.S. trade or business, which allows for graduated tax rates and deductions.
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21 August 2024 | 9 replies
But per lot it will cost roughly the following:$1,500 Electrical poles, meter installation $2,000 water taps and connections$5,000 grading and land prep$8,000 septic installation (assuming a 1:1 ratio of homes to 1000 gallon septics)$5,000 down payment on each home ($700-750 / thereafter per unit)$21,500 total set up x 17 = $365,000Ongoing expenses after development would look something this for POH model: $12,750 a month in mobile home mortgages (17 x 750 for PITI on each unit) $1,900 a month in land mortgage PITI (house) $3,000 a month landscaping$2,000 a month in reserve emergency fund$2,200 management$21,850 a month total expenses $262,200/yearOngoing incomes after development would look something this for POH model:$27,000/month ($1500 x 18 {17 mobile homes plus house})$324,000/year324k-262,2k = 61,800 net pre-tax profit or $5,150/month.Opportunities to reduce start up expenses: Bulk deals with the government or contractors for doing all the work at once (electrical, water, land grading, septic) Trade free rent for someone to mow and landscape (turning a $3k event into a $650 event every month).
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20 August 2024 | 32 replies
I will give you the simple answer - you are unlikely to cash flow whatsoever on a turnkey property in Huntsville or Madison right now unless it is in a C/D neighborhood, and/or you plan on putting more than 30% down.
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18 August 2024 | 6 replies
I got my first “career” job a year ago, but quickly realized that trading time for money wasn’t going to be enough if I wanted to create wealth while living in California.
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23 August 2024 | 181 replies
I already opened multiple tickets in their support and no response whatsoever.
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19 August 2024 | 52 replies
For people that want more opportunity in their lives what comforts can they trade, what calculated risks can they take today for that opportunity/wealth in the future?