12 August 2018 | 8 replies
I suppose a lot of that is a personal decision, but I don't know if i'm sitting on a "good rental" since I've locked in a lower tax assessment then usual for my town (believe it or not) and 8 years into principle in the mortgage, or if this is a "losing deal" vs the cash I should get.
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18 August 2018 | 69 replies
I am losing money as this house is not finish yet.
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27 August 2018 | 26 replies
Our family loves great restaurants, entertainment, etc. and would find it difficult to lose access to that.No state income tax states get major bonus pointsWe love the outdoors.
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13 August 2018 | 9 replies
At this phase of my life, moving the money into a DST that makes 6.5% cash flow per year, or in excess of $3500/month with no HOA or taxes to pay makes more sense for me right now.
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8 September 2018 | 11 replies
I guess if we are talking about situations where one is not making some of their payments, or unable to - then wouldn't it follow that an owner should ensure they are making their payments on their 50% leveraged property as they have more to lose in having it taken?
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16 August 2018 | 29 replies
Statistically, if we just pay it our expectation value is to lose $100.If we venture into the grey area and don't pay it our expectation value is to lose {[$100 PLUS penalties and interest] TIMES [probability of having to pay it]}If our penalties and interest run 25% total, then we are looking at {[$100 + $25] X [probability of having to pay it].
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7 January 2019 | 10 replies
I'm honestly surprised that you seem so lackadaisical about this.Tip 2: Don't buy low-income, Section 8 rentals if you are a novice.Tip 3: Don't fool around with evictions if you are a novice or you'll end up with a lot of stress and losing a lot of time and money.
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10 August 2018 | 3 replies
The seller is going to lose his $10k either way unless he does some "hiding" of the funds which still may not work in his favor.If he doesn't have title to the property, you won't be able to get it sold.
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11 August 2018 | 7 replies
.$140k (70% of ARV) - $44k (Repairs Needed) - $8k (Wholesale Profit) = $88k (Max Offer)WARNING: If you blindly contract properties without taking into account the profit for you flipper (or rental owner) you will lose quick.
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15 August 2018 | 4 replies
If using zero down finance, you have no out of pocket and you can have your tenants pay the monthly for the solar system (with a caveat that if they use excess power from the utility they are liable for that).In that scenario, you've added value to your home, your roof is an income producing asset instead of a liability and you are having that paid for by other people.