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16 December 2024 | 43 replies
If anyone wants to know about the deal that folded for us with them please let me know we dont' have any confidentiality agreements or anything. time for the free market to win and direct buyer new build purchases to occur.
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14 December 2024 | 101 replies
@Robert Lum you bet you can troll around a site like BP read their books listen to the pod cast of those that are successful and talk about their business's.. its inspiring and motivational.but if you really want to learn the nuts and bolts you need to get in the game.the best and least expensive way to do that is to simply take a pre license course in your state.. learn the laws ( the real laws not the BS that is talk about on line).. terminology etc. then go to work with a brokerage in the aspect of Real estate that interest you.. there you will get REAL training by those that are successful you get on a team.. you get paid as you learn.
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27 November 2024 | 16 replies
If you are offering excellent services, you'll win and your clients will win too.
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29 November 2024 | 7 replies
I bet Baby Shark would be an especially annoying song.
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28 November 2024 | 10 replies
I disagree, I had a time when my name and the name on the insurance didn't match and the lender was all over it, regardless of the on-time payments.Your best bet is to refi into a commercial loan that allows the LLC (if you've already purchased the property), or close directly with a commercial loan / DSCR loan.
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26 November 2024 | 1 reply
Extremely difficult to pass and I bet you didn't know that you had to get it reinspected again in three years.
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27 November 2024 | 2 replies
Our ability to act quickly and decisively ensured we could close the deal efficiently, making it a win for both the seller and our team.
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24 November 2024 | 11 replies
My bet is both those will be redeemed prior to auction.
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26 November 2024 | 2 replies
Someone I know bought a ranch to use as a short term rental property in 2021 for $1.7 million.Engineers did a virtual site visit, they were able to assign a value of $347,000 to either 5-7-15 year assets that were eligible for depreciation.In 2021, the bonus depreciation amount that you could take was 100%.This means that the owner could immediately deduct the full amount of eligible property in the year it was placed in service, rather than depreciating it over time.With that in mind, he took the full $347K deduction in his FIRST YEAR of ownership to offset taxable income from rentals.This was roughly ~20% of his purchase price.It was a big win for him.In 2024, the bonus depreciation rate is 60% so the calculation would be different.That said, you can still save and defer a ton.