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6 November 2024 | 7 replies
And of course, most homes have HOA's (homeowners associations) that can be $20-$250/month to pay for community maintenance, sometimes lawn care, cable/internet, amenity upkeep, pool, security etc.
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11 November 2024 | 4 replies
Any recommendations for tax professionals who specialize in Detroit properties?
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10 November 2024 | 2 replies
Depending on the investment and your current knowledge, this can take from 2 to 20 hours of research.2, Spend $400 - $600 for 2 hours consultation with an attorney who specializes in real estate IN THE STATE that the underlying property is located in.3.
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16 November 2024 | 12 replies
There are some serious housing perks with my new job offer: 1) $150K in a 0% interest forgivable loan for downpayment (10% forgiven each year 2) a special home loan program that is currently lending at an interest rate of 4.1%. 3) Can join a waitlist for on-campus faculty housing that is sold for at 50-75% of the fair market value consequently when you sell you are capped at how much you can sell for; waitlist for these homes is approximately 7-10 years and you can stay there until you die).
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16 November 2024 | 21 replies
You cannot offset nonpassive income with passive income unless you are REPS or you make less than $150k MAGI because there is a special $25k PAL allowance
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12 November 2024 | 11 replies
Sub to needs special “handling” because if the selling party is a homeowner rather than investor they need to be aware of the following when they sell sub to1.
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7 November 2024 | 2 replies
MLS. no special negotiations, just found a seller that was motivated.
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8 November 2024 | 6 replies
If you feel you really want something more special for a nicer flip or something, get a design consultation from someone local who can give you a whole color scheme for the house that will make things pop.
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13 November 2024 | 13 replies
You will want to pay special considerations to properties that investors own, as they are more likely to be willing and able cash buyers for your own home.
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7 November 2024 | 13 replies
If you've been reading books and listening to podcasts, adding in-person real estate investor meetups is usually the special sauce to break the paralysis.