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25 November 2024 | 23 replies
The reason to do so is not necessarily to reduce cost but to be efficient.
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21 November 2024 | 10 replies
or you can buy down your rate or pay points to reduce the interest rate as this is a commonly way to reduce your monthly PITIA payment.
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27 November 2024 | 48 replies
If you're comfortable taking on more effort for bigger rewards, BRRRR might be the way to go.From a tax perspective, BRRRR may be better because you can potentially benefit from accelerated depreciation on the property, which can help reduce your taxable income and give you a bigger tax advantage compared to a turnkey property.
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19 November 2024 | 12 replies
I can carry them forward, but it doesn't reduce my actual gross income.
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21 November 2024 | 2 replies
If you have a wider variety it will reduce the risk with your investment.
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21 November 2024 | 23 replies
Quote from @Irma Leibas: Quote from @Jaycee Greene: @Irma Leibas Many of my clients that do mid to heavy rehab projects have contractor credit cards from Home Depot or Lowe's, which reduces the amount of upfront capital needed for the rehab.
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20 November 2024 | 4 replies
I'm going to reduce my rent by $100 as this ratio seems abysmal (quite literally a 0% ratio in view-to-application).
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21 November 2024 | 4 replies
Hi members,I recently met my CFP and he concluded that after all these years of accumulation in 401k it's time to take steps to minimize taxes and reduce/eliminate RMD.
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22 November 2024 | 15 replies
Some policies have vacancy clauses, and if the property is empty for, say, 60 or 90 days, your coverage may be reduced and you may not have the coverage you think you have.
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19 November 2024 | 8 replies
Looking forward to seeing your portfolio grow.Feel free to drop me a note if you need any help with cost segregation (how to reduce your taxable income using advanced depreciation).Chris Schmidt-Löffler