3 March 2016 | 4 replies
If I decide to do a home equity loan on my primary residence and then convert it into an investment rental property next year but still expect to hold it for at least 5 years, how will that impact my 1031 exchange?
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3 March 2016 | 21 replies
(had to tighten a hand rail, replace the two pumps on the furnaces, put batteries in the fire detectors (I forced them to rewire the fan and lights in the bathroom).Its a pain dealing with an unmotivated seller, and a real estate agent that relies on email to get anything done (especially with the city (when repairs were done, told me that main inspector was sick, and underling was doing inspections and that he was emailing back and forth about getting the rein spection, It took one trip to the city hall in person for me to get the place inspected the next day)).None of this would of happened if I hadn't had the code to the lock box.
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5 March 2016 | 6 replies
If for some reason he doesn't want to comply, you would be forced to foreclose on him.In this setting an installment contract, where you hold the deed until you are paid in full is probably the safer instrument or a lease option.
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4 March 2016 | 6 replies
Understood that some people will recommend starting out in SFH, however the idea of buying right, forcing appreciation through strategically increasing the NOI, and refy-ing out capital that can be used in future investments plays to my personal strengths and feels like the right strategy for me to pursue.
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3 March 2016 | 2 replies
My Total monthly expenses (including savings for repairs) will be $1,500 and I am currently receiving rent for $1745 for a cash flow of $245 but when I move out of the bottom unit and rent it the cash flow will rise to $1195.My plan is to make necessary repairs to force appreciation and get a new appraisal in the summer time which I hope will be for around $170,000.
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5 March 2016 | 19 replies
Basically they "shop" for a title company that misses a severe title clouding issue, and that's who they try to FORCE the buyer to use, so they don't see the clouded title, and will buy the home.- I could go on.
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14 May 2017 | 55 replies
What excites me about commercial MF (5+ units) vs residential MF or SF is the concept of "Forced Appreciation".
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17 March 2016 | 22 replies
I would start by reading the most basic book everyone should read in interested in investing: "Rich Dad Poor Dad", followed by "Why A Students Work for C Students: And B Students Work for the Government".
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27 January 2016 | 15 replies
The CPA can give you tax advice and how that impacts your bottom line, while the attorney can devise an asset protection plan that meets your needs.
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24 January 2016 | 50 replies
Not sure, there are a million variables at play that could impact the advice I would give you.What I can guarantee is that announcing this on a public forum will lead to random people asking if you would be willing to loan it!